
Apartments for Rent in Chicago, IL Under $1,500 (2,379 Rentals)


Canterbury Court Apartments

Grace Street Towers

1623 W 61st St

8200 S. Evans Ave.

7944 S Ellis Ave

Greenview Apartments

4450 S Homan Ave, Unit 1

6669 S Michigan Ave, Unit 2

8632 S Sangamon St, Unit 1
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!

8213 S Houston Ave, Unit 2nd Floor

4658 S Troy St, Unit 3- S

2325 N Commonwealth Ave, Unit S

2341 N Commonwealth Ave, Unit 105

1705 W Lunt Ave, Unit S

8346 S Mackinaw Ave, Unit 2

4417 N Keokuk Ave, Unit 2nd floor

8040 S Evans Ave, Unit 3

5620 N Marmora Ave, Unit G

2812 E 76th St, Unit #3
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.

7502 N Hoyne Ave, Unit Unit 10-3

3449 W Fulton Blvd, Unit 1

7344 S Rockwell St, Unit 2

7730 S Michigan Ave, Unit 1st floor

4700 S Wolcott Ave, Unit 2

1523 W Morse Ave, Unit 1

7040 S Stony Island Ave, Unit Unit 2

238 N Lockwood Ave

5149 W Wellington Ave, Unit 2

6444 S Dorchester Ave, Unit 2
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.

3907 W Van Buren St, Unit 1

7953 S Essex Ave, Unit Unit 2

450 West Melrose Apartments

Dickens Apartments

4735 N Hermitage Ave, Unit 4

811 W Cornelia Ave, Unit 3

2712 N Milwaukee Ave, Unit 211

2733 N Milwaukee Ave, Unit S

2639 N Spaulding Ave, Unit S

633 W Barry Ave, Unit 635-103
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.

833 W Wolfram St, Unit 3

2704 N Sawyer Ave, Unit 311

2706 N Milwaukee Ave, Unit 210

429 W Wellington Ave, Unit 434-504

2532 N Sawyer Ave, Unit 105

2226 W Arthur Ave, Unit 3

2606 W Gunnison St, Unit 2

2127 N Dayton St, Unit 304

2121 N Dayton St, Unit 304

2530 N Sawyer Ave, Unit 1
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 $1500 | $1,931 | $550 | $8,176 |
| Chicago 1 Bedroom Apartments Under $1500 | $2,394 | $450 | $10,000+ |
| Chicago 2 Bedroom Apartments Under $1500 | $2,910 | $750 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $1500 | $3,637 | $800 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $1500 | $3,793 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,901 | $1,925 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,945 | $850 | $10,000+ |
Browse Top Apartments in Chicago
See all Apartments in ChicagoExplore Chicago

Chicago, IL Local Guide
- Chicago Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Don'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 8,359 Studio Apartments in Chicago with rent ranges from $550 to $8,176 with an average price of $1,931.
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 $450 to $12,585 with an average monthly rent of $2,394.
What does renting a Two Bedroom Apartment in Chicago cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $750 to $18,797. Today's average rental price for Two Bedrooms here is $2,910.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,968 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $800 to $38,481 - averaging $3,637 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!