Cheap Studio Apartments for Rent in Chicago, IL from $550 (846 Rentals) Page 8 of 17

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2122 W Ainslie St
$1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $2,095
Total Monthly Price
$1,595 - $2,095
Studio Apartment Available Now

2122 W Ainslie St

2122 W Ainslie StChicago, IL 60625
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541 W Belmont Ave
$1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $2,095
Total Monthly Price
$1,595 - $2,095
Studio Apartment Available Jun 1

541 W Belmont Ave

541 W Belmont AveChicago, IL 60657
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538 W Cornelia Ave
$1,595 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $2,175
Total Monthly Price
$1,595 - $2,175
Studio Apartment Available Jun 1

538 W Cornelia Ave

538 W Cornelia AveChicago, IL 60657
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Chatelaine Apartments
Studio Apartments

Chatelaine Apartments

4911 N Winthrop AveChicago, IL 60640
  • Utilities Included
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935-941 E 81st St
Studio Apartments

935-941 E 81st St

935-941 E 81st StChicago, IL 60619
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Ingleside Building
Studio Apartments

Ingleside Building

8101-8125 S Ingleside AveChicago, IL 60619
  • Utilities Included
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1121-1123 E 82nd St
Studio Apartments

1121-1123 E 82nd St

1121-1123 E 82nd StChicago, IL 60619
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3207 N Keating Ave
Studio Apartments

3207 N Keating Ave

3207 N Keating AveChicago, IL 60641
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5401 S Ellis Ave
Studio Apartments

5401 S Ellis Ave

5401 S Ellis AveChicago, IL 60615
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11000 S Michigan Ave
Studio Apartments

11000 S Michigan Ave

11000 S Michigan AveChicago, IL 60628
  • Utilities Included
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741-53 E 79th St
Studio Apartments

741-53 E 79th St

741-753 E 79th StChicago, IL 60619
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6957 S Michigan Ave
Studio Apartments

6957 S Michigan Ave

6957 S Michigan AveChicago, IL 60637
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6739 S Jeffery Blvd
Studio Apartments

6739 S Jeffery Blvd

6739 S Jeffery BlvdChicago, IL 60649
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1536 E. 83rd Place
Studio Apartments

1536 E. 83rd Place

1536 E 83rd PlChicago, IL 60619
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7622 N Sheridan Rd
Studio Apartments

7622 N Sheridan Rd

7622 N Sheridan RdChicago, IL 60626
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7256 S Rhodes Ave
Studio Apartments

7256 S Rhodes Ave

7256 S Rhodes AveChicago, IL 60619
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6314 S Troy St
Studio Apartments

6314 S Troy St

6314 S Troy StChicago, IL 60629
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963 E 84th St
Studio Apartments

963 E 84th St

963 E 84th StChicago, IL 60619
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6945 S Crandon Ave
Studio Apartments

6945 S Crandon Ave

6945 S Crandon AveChicago, IL 60649
  • Utilities Included
Showing Results 351-400, Page 8 of 17

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 $735.

What is the price of a cheap apartment in Chicago?

The cheapest apartment in Chicago is 5445 Ingleside By 3L Living which is listed at $684, while the average apartment in Chicago costs $7,546.

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 4,541 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 $492 which is $7,054 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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

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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.

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.