
Cheap Studio Apartments for Rent in Chicago, IL from $600 (801 Rentals) Page 12 of 17


The Brittany

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

4840 N Rockwell St

646 W Roscoe St

2048 N Cleveland Ave

3834 N Sheffield

Hermitage Andersonville

4626 Wolcott Avenue Apartments

5948 W Superior

The Birchmont

The Kenmore Gardens

The Onyx on Carmen

Rogers Park

Everett Apartments

5130 S Dr Martin Luther King Jr

649-57 W. Oakdale / 2919-21 N. Clark

Kenmore

1145 W Morse Ave

1809 S Carpenter St

2801-2809 W Lunt Avenue Apartments

4363 N Kenmore Ave

1331 W. Loyola

The Winthrop Place

Blackstone Court

596 W. Hawthorne

1063 W. Columbia

Belmont Court Apartments

567 W Stratford Pl

8001 S Champlain Ave

7851-7859 S Indiana Ave

The Bronzeville Vincennes

5200-5206 S Harper Ave

1923 W Granville Ave

Barry Apartments

640 Briar

Woodlawn Terrace

Kenmore East Apartments

6600 Ashland

Ivy at Mason

7251-7261 S Phillips 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 | $2,032 | $600 | $9,640 |
| Chicago 1 Bedroom Apartments | $2,475 | $700 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,069 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,871 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,054 | $970 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,104 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,309 | $750 | $10,000+ |
Explore 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 $724.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 5445 Ingleside By 3L Living which is listed at $684, while the average apartment in Chicago costs $7,399.
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 3,261 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 $508 which is $6,891 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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.