
Cheap Studio Apartments for Rent in Chicago, IL from $550 (879 Rentals) Page 17 of 18


Courts of the Fountains

Clarence & Harrison Apartments

The Banc Hammond

7520 W Grand Ave

Pleasant Oak

833 Hamlin St

411 Beloit Ave

Elmhurst Terrace

Mont Clare

305-315 S. Oak Park Ave. and 803-805 Randolph St.

100-112 S. Harvey Ave. and 223-227 South Blvd.

1410 Chicago

Regents Park Apartments

433 Wisconsin Ave

301-313 N. Oak Park Ave.

Total Monthly Price
515 South Blvd

Presidential Apartments

1940 Sherman Ave.

1575 Oak

829 Foster St.

The Bryant at Oak Park

1576 Oak

Legacy Crossings

Des Plaines Tower

1500 Chicago Ave

Evanston Neighborhood Properties

Southmoor Apartments

Casa Heritage

14020 S School St

1400 Chicago Ave

1850 S 61st Ct

520 Elgin Ave

6621 W Norwood Ct

Oak Park

Grove Apartments

Live in Oak Park

Water Tower

43-63 Forest Ave

The Ray Apartments

The Oak Crest

860 Hinman

722 Clark St

16 W Busse Ave

817 S. Oak Park Ave.

Bon Villa Apartments

North Court

Broadview Apartments

1010 S 2nd Ave Maywood, IL 60153

2110 S 5th Ave Maywood, IL 60153
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.