Cheap Studio Apartments for Rent in Chicago, IL from $575 (844 Rentals) Page 2 of 17

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Oglesby Towers Apartments
$1,055 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,005 - $2,952
Required Monthly Fees
$50
Total Monthly Price
$1,055 - $3,002
Studio Apartments Available Now

Oglesby Towers Apartments

6700 S Oglesby AveChicago, IL 60649
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Scholars Corner Apartments
$1,058
Total Monthly Price

Total Monthly Price

Base Rent
$1,008 - $2,970
Required Monthly Fees
$50
Total Monthly Price
$1,058 - $3,020
Studio Apartments Available Feb 20

Scholars Corner Apartments

5100 S Cornell AveChicago, IL 60615
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Museum Walk Apartments
$1,073 - $1,394
Total Monthly Price

Total Monthly Price

Base Rent
$1,023 - $2,480
Required Monthly Fees
$50
Total Monthly Price
$1,073 - $2,530
Studio Apartments Available Now

Museum Walk Apartments

5541 S Everett AveChicago, IL 60637
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The Flamingo Apartments
$1,095 - $1,187
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $2,895
Required Monthly Fees
$50
Total Monthly Price
$1,095 - $2,945
Studio Apartments Available Now

The Flamingo Apartments

5500 S Shore DrChicago, IL 60637
Corporate Housing
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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Plaisance Apartments
Rent Specials
$1,190 - $1,208
Total Monthly Price

Total Monthly Price

Base Rent
$1,140 - $2,628
Required Monthly Fees
$50
Total Monthly Price
$1,190 - $2,678
Studio Apartments Available Now

Plaisance Apartments

6104 S Woodlawn AveChicago, IL 60637
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Showing Results 51-100, Page 2 of 17

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 $710.

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 $7,545.

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 5,711 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 $502 which is $7,043 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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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

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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.

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.