
Cheap Studio Apartments for Rent in Chicago, IL from $550 (869 Rentals) Page 13 of 18


Ivy at Sylvan

49th Street Apartments

Schubert Square

Kenmore + Irving

5907-5909 N Kenmore Ave

5114-5118 South Kimbark Avenue Apartments

4610 N Hermitage Ave

Dayton Court Apartments

1257 W Lunt Ave

6752 S Michigan Ave

Briar Apartments

Woodlawn House Apartments

Ivy Gayles

The Bell Shore

Ivy Kenwood

6930 Greenview

4130 N Keystone Ave

The North Hotel

4720 S Drexel Blvd Chicago, IL 60615

The Victorian Apartments

660 Wrightwood

3449 N Elaine Pl

Ski School Apartments

2411 West Fitch

Everett Apartments

6938 S Cregier Ave.

The Ambassador

The Brittany

The Elevation Lofts

Edgewater Apartments

The Park Terrace

Reside at 2525

Ivy Terrace

Ivy at Harper

1200 W Wellington Ave

640 Briar

727-29 W. Briar

1461-65 W. Byron St.

3933 N. Clarendon

The Briar

The Westerner

Hermitage Andersonville

2048 N Cleveland Ave

4840 N Rockwell St

3834 N Sheffield

646 W Roscoe St

1145 W Morse Ave

2801-2809 W Lunt Avenue Apartments

Everett Apartments
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 | $1,928 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments | $2,436 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,943 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,758 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,270 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,803 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $14,688 | $850 | $10,000+ |
Explore Chicago
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 $715.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 6246 S. King Dr. which is listed at $675, while the average apartment in Chicago costs $7,699.
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 5,423 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 $512 which is $7,187 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.