
Apartments for Rent in Chicago, IL Under $1,000 (643 Rentals)


The Onyx on Sheridan

7150-52 S Cornell Ave

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6610 S Rhodes Ave, Unit G

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935 W Agatite Ave, Unit #106

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5950 N Kenmore Ave, Unit 309

Luxury Student Housing at Leavitt Place

Student | The Flats East West

7220

3957 W Irving Park Rd
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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7249 S Ridgeland Ave, Unit G

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4355 S Sawyer Ave

The Versailles Apartments

Bryn Mawr Belle Shore

Jeffery Parkway Apartments

7131-45 S Yates Blvd Chicago, IL 60649

Boxelder Court

5401 Cornell by 3L Living

Shorewind Apartments

7002 S Stewart Ave
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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638 E 92nd St, Unit 1

8251 S Ellis Ave Chicago, IL 60619

The Boulevard at OC Living

5957-73 W Madison St 11-17 S Austin Chicago, IL 60644

7715 S South Shore Dr Chicago, IL 60649

KLEO Art Residences

6751 S Jeffery Blvd Chicago, IL 60649

8100-8114 S Essex Ave Chicago, IL 60617

The Townhouse Apartments

8642 S Maryland Ave
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.

1348 W 83rd St

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156 E 107th St

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7852 S Colfax Ave, Unit 201

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7952 S Colfax Ave, Unit 203

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3938 S Talman Ave, Unit G

5501 W Washington Blvd Chicago, IL 60644

The Talman Building

8702 S Escanaba Ave

824 E 53rd St

Dwight Lofts
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

4114 W Washington Blvd Chicago, IL 60624

1734 E 72nd St Chicago, IL 60649

7609 S Coles

7109-15 S Ridgeland Ave 1736-44 E 71st Pl Chicago, IL 60649

8201 S Ada St

5748 Blackstone By 3L Living

1624 S Throop St

5540 Hyde Park by 3L Living

7941 S Marquette

Hyde Park Beach
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
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 Under $1000 | $1,928 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments Under $1000 | $2,436 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments Under $1000 | $2,943 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $1000 | $3,758 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $1000 | $3,270 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,803 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $14,688 | $850 | $10,000+ |
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Chicago, IL Local Guide
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Chicago, IL Rentals by Map
See the most popular apartments and homes in Chicago, IL
Frequently Asked Questions about Chicago
How much are Studio apartments in Chicago?
There are currently 8,389 Studio Apartments in Chicago with rent ranges from $550 to $6,511 with an average price of $1,928.
What is the current price range for One Bedroom Chicago Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Chicago ranges from $650 to $11,795 with an average monthly rent of $2,436.
What does renting a Two Bedroom Apartment in Chicago cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $650 to $18,797. Today's average rental price for Two Bedrooms here is $2,943.
How expensive are Chicago Three Bedroom Apartments?
There are currently 5,000 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,758 for the location.
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.