
Cheap Studio Apartments for Rent in Chicago, IL from $550 (878 Rentals) Page 16 of 18


8524-8532 W Gregory St

The Arbor Winthrop North

8139-8145 S Maryland Ave

The New York Private Residences

Somerset Place Apartments

6720 N Sheridan

Illume

Luxury condo unit

R+D659

600 N Lake Shore Dr

55 E Erie St

The Mondrian

520 W Belden Ave

2677 N Lincoln Ave, Chicago, IL 60614

Wicker Park Lofts

660 W. Barry

The Oliver on LaSalle

5630 N Sheridan Rd

The Ivy

Reside at 849

Reside on Pine Grove

530 W. Arlington Pl.

1033 W Loyola

450-508 W. Aldine

Reside on Wellington

Montauk

2339 N. Geneva

5550 S Dorchester

Centrum Lakeview Phase II

Reside at Belmont Harbor

431 W. Roscoe

2900-2914 N Mildred Ave

2250 N Lincoln Ave

528 Oakdale

1347 N Dearborn

5055 S Dorchester Ave

35 E Division St

Archive: Wolcott Terrace - 5017 N Wolcott Ave

Blue Station

1000 - 1010 North Blvd

Total Monthly Price
1211 Highland Ave

6831 W 21st Pl

6445 23rd St

6443 23rd St

6441 23rd St

1925 Grove Ave

826 S Austin Blvd

ReNew Des Plaines North & South

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 | $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
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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
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.