
Apartments for Rent in Chicago, IL Under $1,500 (2,288 Rentals) Page 15 of 46


Commonwealth on the Park Apartments

The 1521 Sherwin

6654 W Devon Ave

7770-7776 S South Shore Dr

516 W. Briar Pl.

6037-6043 N Kenmore Ave

2240 West Morse Apartments

6849-6875 S Crandon Ave

The Sherwin at Jarvis Square

Rogers Park Apartments

Portage Park Theater Apartments

1326 N Cleaver

1319-1327 W Sherwin Ave

5223-5225 W Washington Blvd

1710 W Addison St

1020 W Ardmore Ave

5800 North Sheridan

Birchwood Manor Apartments

1246 W. Pratt

7501 S Jeffery Blvd

2970 N Sheridan

4102 N Sheridan Rd

Hanson Anton Apartments

Reside at 849

423 N Central

7020 S Merrill Ave

Southport Lofts

5649 Winthrop

Wolcott Terrace

1355 N. Dearborn Street

2528-2542 W Fitch Ave

3733 N Janssen

4425-4431 N Milwaukee Ave

540 West Roscoe Street

McClellan Apartments

7953 S Saint Lawrence Ave

515 W. Barry

5556 W Jackson

8004 S Eberhart Ave

5826-5828 N Ridge Ave

6819-21 S Clyde Ave

4956 S Michigan

6945-51 N. Ashland

4128-34 W. Addison St. / 3601-03 N. Kedvale Ave

432 W Belmont Ave

7000 S Cregier Ave

4814 W Monroe St

7427-7439 N Winchester

3357 W 63rd Pl
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 | $2,042 | $595 | $4,999 |
| Chicago 1 Bedroom Apartments Under $1500 | $2,465 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $1500 | $3,055 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $1500 | $3,657 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $1500 | $3,728 | $720 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,839 | $2,695 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,985 | $7,000 | $10,000+ |
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Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big 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 $595 to $4,999 with an average price of $2,042.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
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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.

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

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

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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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

First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.

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