Cheap Studio Apartments for Rent in Chicago, IL from $600 (901 Rentals) Page 2 of 19

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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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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property at 6250 N Kenmore Ave
$1,250 - $1,495
Studio Rentals
Available Oct 1
Affordability

6250 N Kenmore Ave

ChicagoIL60660
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544 W. Melrose
$1,260 - $1,610

Total Monthly Price

Base Rent$1,260 - $2,192
Total Monthly PriceVaries
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544 W. Melrose

544 W Melrose StChicago, IL 60657
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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632 W. Addison
$1,274 - $1,580

Total Monthly Price

Base Rent$1,274 - $3,047
Total Monthly PriceVaries
Studio Apartments Contact Us For Availability

632 W. Addison

632-644 W Addison StChicago, IL 60613
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6966 N Sheridan Rd
$1,275

Total Monthly Price

Base Rent$1,275 - $1,495
Total Monthly Price$1,275 - $1,495
Studio Apartment Available Now

6966 N Sheridan Rd

6966 N Sheridan RdChicago, IL 60626
Affordability

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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1825 N Humboldt Blvd, Unit S
$1,295

Total Monthly Price

Base Rent$1,295
Total Monthly Price$1,295
Studio Apartment Available Oct 1

1825 N Humboldt Blvd, Unit S

1825 N Humboldt BlvdChicago, IL 60647
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739 W Belmont Ave
$1,295 - $1,350

Total Monthly Price

Base Rent$1,295 - $1,350
Total Monthly Price$1,295 - $1,350
Studio Apartment Available Now

739 W Belmont Ave

739 W Belmont AveChicago, IL 60657
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2500 N Sawyer Ave
$1,295

Total Monthly Price

Base Rent$1,295 - $1,695
Total Monthly Price$1,295 - $1,695
Studio Apartment Available Oct 1

2500 N Sawyer Ave

2500 N Sawyer AveChicago, IL 60647
Affordability

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 51-100, Page 2 of 19

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 $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 $2,357.

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 3,744 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 $439 which is $1,918 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

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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

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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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.