Top Rated Apartments for Rent in Chicago, IL Under $1,500 (73 Rentals)

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Apartments in Chicago with the best features, newest construction, and richest amenities.

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2630 N. Hampden Court
$1,400 - $2,254
Total Monthly Price

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$1,400 - $2,254
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Studio to 2 Bedroom Apartments Contact Us For Availability

2630 N. Hampden Court

2630 N Hampden CtChicago, IL 60614
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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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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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520 W Belden Ave
Studio to 2 Bedroom Apartments

520 W Belden Ave

520 W Belden AveChicago, IL 60614
  • Utilities Included
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1246 W. Pratt
Studio to 2 Bedroom Apartments

1246 W. Pratt

1246 W Pratt BlvdChicago, IL 60626
  • Utilities Included
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437-59 W. Belmont Ave.
1 to 3 Bedroom Apartments

437-59 W. Belmont Ave.

437-459 W Belmont AveChicago, IL 60657
  • Utilities Included
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7334 N Ridge Blvd
Studio to 2 Bedroom Apartments

7334 N Ridge Blvd

7334 N Ridge BlvdChicago, IL 60645
  • Utilities Included
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The Dickens Courtyard
1 to 3 Bedroom Apartments

The Dickens Courtyard

3631 W Dickens AveChicago, IL 60647
  • Utilities Included
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536 W. Addison
Studio to 2 Bedroom Apartments

536 W. Addison

536 W Addison StChicago, IL 60613

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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The Sovereign Apartments
Studio to 2 Bedroom Apartments

The Sovereign Apartments

1606-1624 W Granville AveChicago, IL 60660
  • Utilities Included
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Cermak-MASTER
1 to 2 Bedroom Apartments

Cermak-MASTER

3635-3645 W Cermak RdChicago, IL 60623
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500 W. Fullerton Parkway
Studio to 2 Bedroom Apartments

500 W. Fullerton Parkway

500-508 W Fullerton PkyChicago, IL 60614
  • Utilities Included
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4815 W Monroe St
1 to 4 Bedroom Apartments

4815 W Monroe St

4815 W Monroe StChicago, IL 60644
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1666 Pratt
1 Bedroom Apartments

1666 Pratt

1666 W Pratt BlvdChicago, IL 60626
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11250 S Indiana
1 to 3 Bedroom Apartments

11250 S Indiana

11250-11256 S Indiana AveChicago, IL 60628
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The Kenmore Gardens
Studio to 2 Bedroom Apartments

The Kenmore Gardens

5534-5538 N Kenmore AveChicago, IL 60640
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3834 N Sheffield
Studio Apartments

3834 N Sheffield

3834 N Sheffield AveChicago, IL 60613
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8000 S Paulina
Studio to 2 Bedroom Apartments

8000 S Paulina

8000-8010 S Paulina StChicago, IL 60620
  • 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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7643 S Stewart
2 to 4 Bedroom Apartments

7643 S Stewart

7643-7657 S Stewart AveChicago, IL 60620
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8101 S Drexel
1 to 2 Bedroom Apartments

8101 S Drexel

8101-8105 S Drexel AveChicago, IL 60619
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7800 S Laflin Street
1 to 3 Bedroom Apartments

7800 S Laflin Street

7800-7804 S Laflin StChicago, IL 60620
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Triangle Square
Studio to 3 Bedroom Apartments

Triangle Square

2155 N Elston AveChicago, IL 60614
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1632 W. Belmont
Studio Apartments

1632 W. Belmont

1632 W Belmont AveChicago, IL 60657
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The Max Apartments
Studio to 1 Bedroom Apartments

The Max Apartments

5135 S Blackstone AveChicago, IL 60615
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Columbus Tower
Studio to 2 Bedroom Apartments

Columbus Tower

7855 S Kedzie AveChicago, IL 60652
Senior Living
  • Utilities Included
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7925 S Phillips
Studio to 1 Bedroom Apartments

7925 S Phillips

7923 S Phillips AveChicago, IL 60617
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73rd St
Studio to 2 Bedroom Apartments

73rd St

7345 S South Shore DrChicago, IL 60649
  • Utilities Included
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8001 S Ellis
Studio to 1 Bedroom Apartments

8001 S Ellis

8001-8009 S Ellis AveChicago, IL 60619
  • Utilities Included

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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Chicago, IL Local Guide

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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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!

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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 Chicago

How much are Studio apartments in Chicago?

There are currently 8,276 Studio Apartments in Chicago with rent ranges from $170 to $4,999 with an average price of $6,010.

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 $640 to $9,987 with an average monthly rent of $2,465.

What does renting a Two Bedroom Apartment in Chicago cost?

The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $762 to $18,797. Today's average rental price for Two Bedrooms here is $3,055.

How expensive are Chicago Three Bedroom Apartments?

There are currently 5,030 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,657 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

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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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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.

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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.