Cheap Studio Apartments for Rent in Chicago, IL from $600 (901 Rentals) Page 3 of 19

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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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515 W Belmont Ave
$1,325 - $1,495

Total Monthly Price

Base Rent$1,325 - $1,995
Total Monthly Price$1,325 - $1,995
Studio Apartment Available Now

515 W Belmont Ave

515 W Belmont AveChicago, IL 60657
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3510 N. Pine Grove
$1,340 - $1,562

Total Monthly Price

Base Rent$1,340 - $2,800
Total Monthly PriceVaries
Studio Apartments Contact Us For Availability

3510 N. Pine Grove

3510 N Pine Grove AveChicago, IL 60657
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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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5831 N Sheridan Rd
$1,350

Total Monthly Price

Base Rent$1,350 - $1,600
Total Monthly Price$1,350 - $1,600
Studio Apartment Available Now

5831 N Sheridan Rd

5831 N Sheridan RdChicago, IL 60660
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1049 W. Oakdale
$1,354 - $1,603

Total Monthly Price

Base Rent$1,354 - $2,070
Total Monthly PriceVaries
Studio Apartments Available Nov 1

1049 W. Oakdale

1049 W Oakdale AveChicago, IL 60657
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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515 W. Briar
$1,387 - $1,594

Total Monthly Price

Base Rent$1,387 - $2,249
Total Monthly PriceVaries
Studio Apartments Available Soon

515 W. Briar

515 W Briar PlChicago, IL 60657
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711 W Belmont
$1,395 - $1,515

Total Monthly Price

Base Rent$1,395 - $1,515
Total Monthly Price$1,395 - $1,515
Studio Apartment Available Nov 1

711 W Belmont

711 W BelmontChicago, IL 60657
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2610 N Kimball Ave
$1,395

Total Monthly Price

Base Rent$1,395 - $2,495
Total Monthly Price$1,395 - $2,495
Studio Apartment Available Oct 1

2610 N Kimball Ave

2610 N Kimball AveChicago, IL 60647
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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2606 N Kimball Ave
$1,395

Total Monthly Price

Base Rent$1,395 - $1,995
Total Monthly Price$1,395 - $1,995
Studio Apartment Available Oct 1

2606 N Kimball Ave

2606 N Kimball AveChicago, IL 60647
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 101-150, Page 3 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

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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

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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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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

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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.