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

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Southport Lofts
Studio Apartments

Southport Lofts

2061 N Southport AveChicago, IL 60614
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Reside at 849
Studio Apartments

Reside at 849

849-863 W Buena AveChicago, IL 60613
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5800 North Sheridan
Studio Apartments

5800 North Sheridan

5800 N Sheridan RdChicago, IL 60660
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530 W. Arlington Pl.
Studio Apartments

530 W. Arlington Pl.

530 W Arlington PlChicago, IL 60614
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The 1521 Sherwin
Studio Apartments

The 1521 Sherwin

1521 W Sherwin AveChicago, IL 60626
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6720 N Sheridan
Studio Apartments

6720 N Sheridan

6720 N Sheridan RdChicago, IL 60626
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444 W. St. James Pl.
Studio Apartments

444 W. St. James Pl.

444 W Saint JamesChicago, IL 60614
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2970 N Sheridan
Studio Apartments

2970 N Sheridan

2970 N Sheridan RdChicago, IL 60657
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600 N Lake Shore Dr
Studio Apartments

600 N Lake Shore Dr

600 N Lake Shore DrChicago, IL 60611
Furnished
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Luxury condo unit
Studio Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
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R+D659
Studio Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
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55 E Erie St
Studio Apartments

55 E Erie St

55 E Erie StChicago, IL 60611
Corporate Housing
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Reside at 823
Studio Apartments

Reside at 823

823 W Buena AveChicago, IL 60613
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520 W Belden Ave
Studio Apartments

520 W Belden Ave

520 W Belden AveChicago, IL 60614
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The Mondrian
Studio Apartments

The Mondrian

4714 N Sheridan RdChicago, IL 60640
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660 W. Barry
Studio Apartments

660 W. Barry

660 W Barry AveChicago, IL 60657
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432 W Belmont Ave
Studio Apartments

432 W Belmont Ave

432 W Belmont AveChicago, IL 60657
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5501 S. Cornell
Studio Apartments

5501 S. Cornell

5501 S Cornell AveChicago, IL 60637
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5630 N Sheridan Rd
Studio Apartments

5630 N Sheridan Rd

5630 N Sheridan RdChicago, IL 60660
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Montauk
Studio Apartments

Montauk

1550 N Wieland StChicago, IL 60610
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540 W. Briar
Studio Apartments

540 W. Briar

540 W Briar PlChicago, IL 60657
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The Howard Sheridan
Studio Apartments

The Howard Sheridan

7600 N Sheridan RdChicago, IL 60626
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Reside 707
Studio Apartments

Reside 707

707 W Sheridan RdChicago, IL 60613
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2250 N lincoln Ave
Studio Apartments

2250 N lincoln Ave

2250 N Lincoln AveChicago, IL 60614
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528 Oakdale
Studio Apartments

528 Oakdale

528 W Oakdale AveChicago, IL 60657
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5055 S Dorchester Ave
Studio Apartments

5055 S Dorchester Ave

5055 S Dorchester AveChicago, IL 60615
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35 E Division St
Studio Apartments

35 E Division St

35 E Division StChicago, IL 60610
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Chicago, IL Area Reviews

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Nicole4+ 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 $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.

Helpful Local Expert Guides

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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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

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.