
Cheap Studio Apartments for Rent in Chicago, IL from $595 (774 Rentals) Page 14 of 16


Southport Lofts

4102 N Sheridan Rd

Reside at 849

5800 North Sheridan

530 W. Arlington Pl.

The Sherwin at Jarvis Square

The 1521 Sherwin

5639-5643 N Magnolia

Somerset Place Apartments

6720 N Sheridan

444 W. St. James Pl.

2970 N Sheridan

600 N Lake Shore Dr

Luxury condo unit

R+D659

55 E Erie St

Reside at 823

520 W Belden Ave

The Mondrian

660 W. Barry

432 W Belmont Ave

3856 W Diversey Ave

5501 S. Cornell

5630 N Sheridan Rd

Montauk

540 W. Briar

The Howard Sheridan

Centrum Lakeview Phase II

Reside 707

2250 N lincoln Ave

528 Oakdale

2900-2914 N Mildred Ave

5055 S Dorchester Ave

35 E Division St

625 Roosevelt Dr

Blue Station

5017 W Cermak Rd

Total Monthly Price
7542 Adams St, Unit 311

1000 - 1010 North Blvd

2109 Grove Ave

5103 W 21st St

3120 S Oak Park Ave

826 S Austin Blvd

Oak Park Residence Corporation

Courts of the Fountains

414 Walnut St

Total Monthly Price
541 N Taft Ave, Unit 541 N Taft Ave

Clarence & Harrison Apartments

1116 Washington - Oak Park
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+ |
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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.
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