Cheap Studio Apartments for Rent in Chicago, IL from $550 (850 Rentals) Page 14 of 17

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The Windale
Studio Apartments

The Windale

6019 N Winthrop AveChicago, IL 60660
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Woodlawn Terrace
Studio Apartments

Woodlawn Terrace

4726-4740 S Woodlawn AveChicago, IL 60615
Corporate Housing
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1504 N Dearborn Pkwy
Studio Apartments

1504 N Dearborn Pkwy

1504 N Dearborn PkyChicago, IL 60610
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2046 N. Orleans
Studio Apartments

2046 N. Orleans

2046 N Orleans StChicago, IL 60614
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Jackson Park Terrace
Studio Apartments

Jackson Park Terrace

6040 S Harper AveChicago, IL 60637
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Sheridan Courts
Studio Apartments

Sheridan Courts

4116-4136 N Sheridan RdChicago, IL 60613
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Scotland Yard
Studio Apartments

Scotland Yard

4215-4265 N Broadway StChicago, IL 60613
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5314 N Damen Ave
Studio Apartments

5314 N Damen Ave

5314 N Damen AveChicago, IL 60625
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1338 W Argyle
Studio Apartments

1338 W Argyle

1338-1354 W Argyle StChicago, IL 60640
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450 W. Melrose
Studio Apartments

450 W. Melrose

450 W Melrose StChicago, IL 60657
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4606 N. Hermitage
Studio Apartments

4606 N. Hermitage

4606 N Hermitage AveChicago, IL 60640
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5651 N Miltimore Ave
Studio Apartments

5651 N Miltimore Ave

5651 N Miltimore AveChicago, IL 60646
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625 W Wrightwood
Studio Apartments

625 W Wrightwood

625 W WrightwoodChicago, IL 60614
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536 W. Addison
Studio Apartments

536 W. Addison

536 W Addison StChicago, IL 60613
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Everett Hyde Park
Studio Apartments

Everett Hyde Park

5501-5527 S Everett AveChicago, IL 60637
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The Schoolhouse
Studio Apartments

The Schoolhouse

4641 N Ashland AveChicago, IL 60640
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701 W Brompton
Studio Apartments

701 W Brompton

701 W Brompton AveChicago, IL 60657
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1325 W Wilson
Studio Apartments

1325 W Wilson

1325 W Wilson AveChicago, IL 60640
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6006 N Kenmore Ave
Studio Apartments

6006 N Kenmore Ave

6006 N Kenmore AveChicago, IL 60660
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5501 S. Cornell
Studio Apartments

5501 S. Cornell

5501 S Cornell AveChicago, IL 60637
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420 W. Melrose St.
Studio Apartments

420 W. Melrose St.

420 W Melrose StChicago, IL 60657
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629 W. Deming
Studio Apartments

629 W. Deming

629 W Deming PlChicago, IL 60614
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742 W. Fullerton
Studio Apartments

742 W. Fullerton

742 W Fullerton AveChicago, IL 60614
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6710 N Sheridan
Studio Apartments

6710 N Sheridan

6710 N Sheridan RdChicago, IL 60626
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839 Diversey
Studio Apartments

839 Diversey

839 W Diversey PkyChicago, IL 60614
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Showing Results 651-700, Page 14 of 17

Chicago, IL Area Reviews

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Nicole • 4+ years in Chicago

April 10, 2026

Big 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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

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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.

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

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

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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.