
Cheap Studio Apartments for Rent in Chicago, IL from $550 (850 Rentals) Page 13 of 17


Edgewater Apartments

Everett Apartments

The Brittany

The Elevation Lofts

Ski School Apartments

Reside at 2525

Ivy Terrace

Ivy at Harper

1200 W Wellington Ave

727-29 W. Briar

3933 N. Clarendon

1461-65 W. Byron St.

4720 S Drexel Blvd Chicago, IL 60615

The Briar

The Westerner

646 W Roscoe St

2048 N Cleveland Ave

3834 N Sheffield

5528-5532 S. Everett Avenue

Hermitage Andersonville

4840 N Rockwell St

1809 S Carpenter St

2801-2809 W Lunt Avenue Apartments

1145 W Morse Ave

4626 Wolcott Avenue Apartments

5948 W Superior Chicago, IL 60644

The Birchmont

The Kenmore Gardens

5130 S Dr Martin Luther King Jr Dr Chicago, IL 60615

Rogers Park

Everett Apartments

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

1331 W. Loyola

3616 N. Pine Grove Ave.

The Winthrop Place

4363 N Kenmore Ave

640 Briar

596 W. Hawthorne

1063 W. Columbia

Belmont Court Apartments

567 W Stratford Pl

8001 S Champlain Ave

7851-7859 S Indiana Ave

5200-5206 S Harper Ave

The Bronzeville Vincennes

Barry Apartments

5417 Kenmore LLC

6600 Ashland

Ivy at Mason
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 | $1,935 | $550 | $5,378 |
| Chicago 1 Bedroom Apartments | $2,479 | $640 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,098 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,931 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,940 | $970 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,370 | $1,405 | $10,000+ |
| Chicago 6 Bedroom Apartments | $9,039 | $850 | $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 $735.
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 $7,546.
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 4,541 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 $492 which is $7,054 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
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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
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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
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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.

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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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.