Studio Apartments for Rent in Chicago, IL Under $1,500 (683 Rentals) Page 2 of 14

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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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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544 W. Melrose
$1,260 - $1,610

Total Monthly Price

Base Rent$1,260 - $2,192
Total Monthly PriceVaries
Studio Apartments Available Now

544 W. Melrose

544 W Melrose StChicago, IL 60657
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1049 W. Oakdale
$1,354 - $1,603

Total Monthly Price

Base Rent$1,354 - $2,070
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Studio Apartments Available Nov 1

1049 W. Oakdale

1049 W Oakdale AveChicago, IL 60657
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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1940 N. Lincoln
$1,414 - $1,840

Total Monthly Price

Base Rent$1,414 - $2,077
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Studio Apartments Available Oct 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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Base Rent$1,387 - $2,249
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515 W. Briar

515 W Briar PlChicago, IL 60657
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632 W. Addison
$1,274 - $1,580

Total Monthly Price

Base Rent$1,274 - $3,047
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632 W. Addison

632-644 W Addison StChicago, IL 60613
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441 W. Barry
$1,412 - $1,659

Total Monthly Price

Base Rent$1,412 - $2,872
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441 W. Barry

441 W Barry AveChicago, IL 60657
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Showing Results 51-100, Page 2 of 14

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 $2,069.

What is the largest available Studio Chicago Apartment for rent?

Today's apartment with the most square footage in Chicago is a 1,188 square feet unit starting from $2,898 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 500 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.

Helpful Local Expert Guides

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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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

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.