Cheap Studio Apartments for Rent in Chicago, IL from $600 (894 Rentals) Page 5 of 18

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4409 N Wolcott Ave
$1,495 - $1,550

Total Monthly Price

Base Rent$1,495 - $1,750
Total Monthly Price$1,495 - $1,750
Studio Apartment Available Nov 1

4409 N Wolcott Ave

4409 N Wolcott AveChicago, IL 60640
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2345 W 24th St, Unit BSMT
$1,500

Total Monthly Price

Base Rent$1,500
Total Monthly Price$1,500
Studio Apartment Available Now

2345 W 24th St, Unit BSMT

2345 W 24th StChicago, IL 60608
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2122 W Ainslie St
$1,510 - $1,650

Total Monthly Price

Base Rent$1,510 - $1,650
Total Monthly Price$1,510 - $1,650
Studio Apartment Available Now

2122 W Ainslie St

2122 W Ainslie StChicago, IL 60625
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4032 N Ashland Ave
$1,515 - $1,525

Total Monthly Price

Base Rent$1,515 - $1,850
Total Monthly Price$1,515 - $1,850
Studio Apartment Available Oct 1

4032 N Ashland Ave

4032 N Ashland AveChicago, IL 60613
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350 W. Oakdale
$1,552 - $1,846

Total Monthly Price

Base Rent$1,552 - $2,762
Total Monthly PriceVaries
Studio Apartments Available Now

350 W. Oakdale

350 W Oakdale AveChicago, IL 60657
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Showing Results 201-250, Page 5 of 18

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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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Articles, How-To's, and Tips

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

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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.