New Apartments for Rent in Chicago, IL Under $1,500 (43 Rentals)

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

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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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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3856 W Diversey Ave
Built in 2017Studio to 1 Bedroom Apartments

3856 W Diversey Ave

3856 W Diversey AveChicago, IL 60647
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The Oasis of Bucktown
Built in 20211 to 3 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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Southport Lofts
Built in 2020Studio to 3 Bedroom Apartments

Southport Lofts

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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Elm 551 at Parkside
Built in 2021Studio to 3 Bedroom Apartments

Elm 551 at Parkside

551 W Elm StChicago, IL 60610
  • Utilities Included
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Winthrop 6000
Built in 20201 to 2 Bedroom Apartments

Winthrop 6000

6000-6008 N Winthrop AveChicago, IL 60660
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1323 W Morse Ave
Built in 2018Studio to 2 Bedroom Apartments

1323 W Morse Ave

1323 W Morse AveChicago, IL 60626
  • Utilities Included

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

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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The Schoolhouse
Built in 2024Studio to 2 Bedroom Apartments

The Schoolhouse

4641 N Ashland AveChicago, IL 60640
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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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McCormick CoLiving
Built in 20221 to 4 Bedroom Apartments

McCormick CoLiving

2401 S State StChicago, IL 60616
Corporate Housing
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The Westerner
Built in 2017Studio to 1 Bedroom Apartments

The Westerner

2407 W Eastwood 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
Student Housing
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The Elevation Lofts
Built in 2020Studio to 3 Bedroom Apartments

The Elevation Lofts

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

Common Damen

2048 W Chicago AveChicago, IL 60622
Furnished
  • Utilities Included
  • Smoke Free

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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Triangle Square
Built in 2021Studio to 3 Bedroom Apartments

Triangle Square

2155 N Elston AveChicago, IL 60614
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Luxe on Chicago
Built in 2016Studio to 3 Bedroom Apartments

Luxe on Chicago

1838 W Chicago AveChicago, IL 60622
Corporate Housing
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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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7270 S South Shore Dr
Built in 2018Studio to 2 Bedroom Apartments

7270 S South Shore Dr

7270 S South Shore DrChicago, IL 60649
  • 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
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Canvas at Leland Plaza
Built in 2025Studio to 2 Bedroom Apartments

Canvas at Leland Plaza

4713 N Western AveChicago, IL 60625
  • Utilities Included
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6605 North Ave.
Built in 2021Studio to 3 Bedroom Apartments

6605 North Ave.

6605 North AveOak Park, IL 60302

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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Addison Horizon
Built in 20251 to 2 Bedroom Apartments

Addison Horizon

500 N Denise CtAddison, IL 60101
Senior Living
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4747 19th Street
Built in 2019Studio to 1 Bedroom Apartments

4747 19th Street

4747 19th StCicero, IL 60804
  • Utilities Included
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14031 S School
Built in 2025Studio to 3 Bedroom Apartments

14031 S School

14031 S School StRiverdale, IL 60827
Showing Results 1-43, Page 1 of 1

Chicago, IL Local Guide

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A 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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Chicago, IL Rentals by Map

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See the most popular apartments and homes in Chicago, IL

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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 New Chicago Apartments

What is the Cheapest New apartment in Chicago?

Currently the most affordable New Apartment in Chicago is at Stephen's Commons- Senior Living-Age 62+ listed at $595.

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

The average rent for a New Apartment in Chicago is $4,077.

What is the largest New Chicago Apartment for rent?

Today's New apartment with the most square footage in Chicago is a 4,425 square feet unit starting from $2,258 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 638 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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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.

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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.

Articles, How-To's, and Tips

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.