
Cheap Studio Apartments for Rent in Chicago, IL from $550 (877 Rentals) Page 6 of 18


1609 W Sherwin Ave

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1917 W Winnemac Ave, Unit A05C

839 W Sheridan Rd

520-28 W. Surf St.

5710 N Winthrop Ave

5860 N Kenmore Ave

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618 W Patterson, Unit 508

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531 W Roscoe St, Unit #288

540 W Roscoe St

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623 W Patterson Ave, Unit J07W

535 W Briar Pl

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1154 N Dearborn St

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4847 N Damen Ave, Unit J01W

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4224 N Paulina St, Unit A08C

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623 W Patterson Ave, Unit A07C

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522 W Briar Pl, Unit #450

532 W Arlington Pl, Unit A04C

1164 N Dearborn

Hyde Park West

25 E. Delaware

Sheridan Shores

Green Manor

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1136 N La Salle Dr

4600 N. Winchester / 1940-54 W. Wilson

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6142 N Kenmore Ave, Unit 504,

500 W. Belmont

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3350 N Marshfield Ave, Unit S

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512 W Arlington Pl, Unit #114

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532 W Arlington Pl

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556 W Arlington Pl

648 W Wrightwood Ave, Unit A05C

535 W Arlington Pl, Unit A00C

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623 W Patterson Ave, Unit 7

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4411 N Wolcott Ave, Unit M00H

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839 W Sheridan Rd

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3327 W Diversey Ave, Unit J08W

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563 W Arlington Pl, Unit 202

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1427 N Dearborn St

812 W Waveland Ave, Unit 14

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6231 N Kenmore Ave

924 W Newport Ave

3335 W Diversey Ave

1325 W Wilson Ave

620 W Patterson Ave, Unit 704

4747 N Hermitage Ave, Unit 2

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4735 N Hermitage Ave, Unit A01C

Sheridan-Gunnison Apartments

441 W. Oakdale

3130 N. Lake Shore Drive
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 | $1,927 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments | $2,430 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,941 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,782 | $600 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,267 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $9,353 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $15,544 | $850 | $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 $715.
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 $7,742.
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 5,548 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 $509 which is $7,233 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.