
Cheap Studio Apartments for Rent in Chicago, IL from $595 (774 Rentals) Page 11 of 16


Schubert Square

Gold Coast

Ivy at Sylvan

6701 N. Glenwood

Artists in Residence I & II

505 W Belmont Building

Kenmore + Irving

5114-5118 South Kimbark Avenue Apartments

5907-5909 N Kenmore Ave

Dayton Court Apartments

1257 W Lunt Ave

7301 N Ridge Blvd

4610 N Hermitage Ave

6752 S Michigan Ave

4720 S Drexel

Woodlawn House Apartments

Briar Apartments

Ivy Gayles

Ivy Kenwood

4130 N Keystone Ave

6930 N Greenview

The North Hotel

The Victorian Apartments

The Ambassador

Edgewater Apartments

Everett Apartments

The Park Terrace

Ivy at Carlson

6938 S Cregier Ave.

3449 N Elaine Pl

660 Wrightwood

The Brittany

Ski School Apartments

The Elevation Lofts

Reside at 2525

Ivy Terrace

Ivy at Harper

1200 W Wellington Ave

727-29 W. Briar

3933 N. Clarendon

1461-65 W. Byron St.

The Briar

The Westerner

646 W Roscoe St

2048 N Cleveland Ave

Hermitage Andersonville

3834 N Sheffield

4840 N Rockwell St

1145 W Morse Ave
Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Studio Apartments | $2,036 | $595 | $5,920 |
| Chicago 1 Bedroom Apartments | $2,465 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,068 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,717 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,031 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,846 | $2,695 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,990 | $7,000 | $10,000+ |
Browse Top Apartments in Chicago
See all Apartments in ChicagoExplore Chicago
Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big city challenges with traffic but also provides the amenities of the city you can't find elsewhere
Frequently Asked Questions about Cheap Chicago Apartments
What is a cheap apartment in Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago is under $726.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is Highlands Tudor Manor - 55+ Community which is listed at $700, while the average apartment in Chicago costs $2,308.
What types of apartments are the cheapest in Chicago?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,338 regular apartments in Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Chicago?
Cheap apartments in Chicago have an average cost of $462 which is $1,846 cheaper than the average rent for all rentals in Chicago.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.