
Cheap Studio Apartments for Rent in Chicago, IL from $575 (844 Rentals) Page 5 of 17


Total Monthly Price
Beachwalk Apartments

Park View Apartments

The Hazelton

1731 W Thorndale Ave

505 W Belmont Ave, Unit 3M

618 W Patterson Ave, Unit 409RA

1058 W George St, Unit 314

429 W Roscoe St, Unit 507

4635 N Paulina St, Unit #4631-409

3824 N Wilton Ave, Unit 422

4532 N Damen Ave, Unit #2B

4640 N Paulina St, Unit E04P

4524 N Damen Ave

4635 N Paulina St, Unit 204

5746 N Sheridan Rd

4614 N Paulina St, Unit A09C

4735 N Hermitage Ave, Unit 407

4527 N Ashland Ave, Unit M06H

2234 W Wilson Ave, Unit 211

618 W Patterson Ave, Unit 605

839 W Sheridan Rd

7600 N Sheridan Rd

711 W Belmont Ave, Unit 404

833 W Wolfram St, Unit A09C

8136 S Kedzie Ave

The Maynard at 5115 N Sheridan

Sheridan Glen - 6040 N Sheridan Rd

Grace Shores

1160 N Dearborn St, Unit 212

3350 N Marshfield Ave, Unit S

603 W Wellington Ave, Unit #307

546 W Wellington Ave, Unit 540-307

2844 N Orchard St, Unit A09C

4415 N Wolcott Ave, Unit A05C

546 W Wellington Ave, Unit A02C

6231 N Kenmore Ave, Unit GE

546 W Wellington Ave, Unit #540-307

4735 N Hermitage Ave, Unit #4737-205

2747 N Spaulding Ave, Unit 316

4738 N Hermitage Ave, Unit 205

1325 W Wilson Ave

Total Monthly Price
Loyola Beach Apartments

5326 N Winthrop Ave

14 West Elm Apartments

1515 N Fremont St

1609 W Sherwin Ave, Unit 203

3325 N Ridgeway Ave

522 W Briar Pl, Unit #352

450 West Melrose Apartments
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 | $1,963 | $575 | $7,500 |
| Chicago 1 Bedroom Apartments | $2,432 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,972 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,697 | $740 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,998 | $675 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,856 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,948 | $2,925 | $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 $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

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

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.

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.