New Apartments for Rent in Chicago, IL Under $1,500 (46 Rentals)

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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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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.

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Trianon Lofts
Built in 20172 Bedroom Apartments

Trianon Lofts

803 E 61st StChicago, IL 60637
  • Utilities Included
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Wicker Park Lofts
Built in 2016Studio to 3 Bedroom Apartments

Wicker Park Lofts

1515-1517 W Haddon AveChicago, IL 60642
  • Utilities Included
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111 S Peoria St
Built in 2018Studio to 3 Bedroom Apartments

111 S Peoria St

111 S Peoria StChicago, IL 60607
Furnished
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The Oasis of Bucktown
Built in 20211 Bedroom Apartments

The Oasis of Bucktown

2400 W Wabansia AveChicago, IL 60647
Student Housing
  • Utilities Included
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4102 N Sheridan Rd
Built in 2024Studio to 2 Bedroom Apartments

4102 N Sheridan Rd

4102 N Sheridan RdChicago, IL 60613
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2061 N Southport Ave
Built in 2020Studio to 2 Bedroom Apartments

2061 N Southport Ave

2061 N Southport AveChicago, IL 60614
  • Utilities Included
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Jefferson Park Apartments
Built in 2022Studio to 3 Bedroom Apartments

Jefferson Park Apartments

5150 N Northwest HwyChicago, IL 60630
  • Utilities Included
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Winthrop 6000
Built in 20201 Bedroom Apartments

Winthrop 6000

6000-6008 N Winthrop AveChicago, IL 60660
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The Schoolhouse
Built in 2024Studio to 2 Bedroom Apartments

The Schoolhouse

4641 N Ashland AveChicago, IL 60640

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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2411 West Fitch
Built in 20151 Bedroom Apartments

2411 West Fitch

2401 W Fitch AveChicago, IL 60645
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Park Station Lofts
Built in 20231 to 3 Bedroom Apartments

Park Station Lofts

6300 S Maryland AveChicago, IL 60637
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The Westerner
Built in 2017Studio to 1 Bedroom Apartments

The Westerner

4620 N Western AveChicago, IL 60625
  • Utilities Included
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The Nelson
Built in 2018Studio to 2 Bedroom Apartments

The Nelson

710 W 14th StChicago, IL 60607
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1531 W Howard St
Built in 2020Studio to 3 Bedroom Apartments

1531 W Howard St

1531 W Howard StChicago, IL 60626
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Common Damen
Built in 2016Studio Apartments

Common Damen

2048 W Chicago AveChicago, IL 60622
Furnished
  • Utilities Included
  • Smoke Free
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4801 North Ravenswood
Built in 2017Studio to 2 Bedroom Apartments

4801 North Ravenswood

4801 N Ravenswood AveChicago, IL 60640
  • Utilities Included
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Cicero Senior Lofts
Built in 2020Studio to 2 Bedroom Apartments

Cicero Senior Lofts

4835 S Cicero AveChicago, IL 60632
Senior Living
  • Utilities Included

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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9565 Franklin Ave
Built in 20151 Bedroom Apartments

9565 Franklin Ave

9565 Franklin AveFranklin Park, IL 60131
  • Smoke Free
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6605 North Ave.
Built in 2021Studio to 3 Bedroom Apartments

6605 North Ave.

6605 North AveOak Park, IL 60302
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140 S Austin Blvd
Built in 20153 Bedroom Apartments

140 S Austin Blvd

140 S Austin BlvdOak Park, IL 60304
  • Utilities Included
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4747 Place
Built in 20191 Bedroom Apartments

4747 Place

4747 19th StCicero, IL 60804
  • Utilities Included
Showing Results 1-46, Page 1 of 1

Chicago, IL Local Guide

Quick 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.

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Getting Around Chicago, IL

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

66 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about New Chicago Apartments

What is the Cheapest New apartment in Chicago?

Currently the most affordable New Apartment in Chicago is at Canvas at Leland Plaza listed at $532.

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

The average rent for a New Apartment in Chicago is $4,329.

What is the largest New Chicago Apartment for rent?

Today's New apartment with the most square footage in Chicago is a 6,439 square feet unit starting from $2,151 at 369 Grand by Onni.

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

The average size for a New rental in Chicago is currently at 666 sq ft.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.