Studio Apartments for Rent in Chicago, IL Under $1,500 (687 Rentals) Page 2 of 14

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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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544 W. Melrose
$1,260 - $1,610
Total Monthly Price

Total Monthly Price

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$1,260 - $2,192
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Studio Apartments Available Oct 1

544 W. Melrose

544 W Melrose StChicago, 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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1049 W. Oakdale
$1,354 - $1,603
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Total Monthly Price

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$1,354 - $2,070
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Studio Apartments Available Oct 1

1049 W. Oakdale

1049 W Oakdale AveChicago, IL 60657
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441 W. Barry
$1,412 - $1,659
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$1,412 - $2,873
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441 W. Barry

441 W Barry AveChicago, IL 60657
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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1940 N. Lincoln
$1,264 - $1,840
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$1,264 - $1,905
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Studio Apartments Available Aug 1

1940 N. Lincoln

1940 N Lincoln AveChicago, IL 60614
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515 W. Briar
$1,387 - $1,594
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Total Monthly Price

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$1,387 - $2,249
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515 W. Briar

515 W Briar PlChicago, IL 60657
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430-446 W. Diversey
$1,445 - $1,596
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Total Monthly Price

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$1,445 - $3,284
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430-446 W. Diversey

430-446 W Diversey PkyChicago, IL 60614
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Studio Chicago Apartments

What is the Cheapest apartment in Chicago with Studio?

Currently the most affordable Studio in Chicago is at Highlands Tudor Manor - 55+ Community listed at $700.

How much is the average rent for a Studio Chicago Apartment?

The average rent for a Studio Apartment in Chicago is $2,042.

What is the largest available Studio Chicago Apartment for rent?

Today's apartment with the most square footage in Chicago is a 860 square feet unit starting from $2,999 at Cobbler Square Lofts.

What is the average size for Chicago Studio Apartments for rent?

The average size for a Studio rental in Chicago is currently 490 sq ft.

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.

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