
Apartments for Rent in Chicago, IL Under $1,500 (2,192 Rentals) Page 2 of 44


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1427 N Dearborn St

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516 W Melrose, Unit 305

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5737 N Elston Ave, Unit 1

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4830 N Damen Ave, Unit A04C

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6022 N Winthrop Ave

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2838 W Palmer St

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4549 N Malden St

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6349 N Magnolia Ave, Unit 2P

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2832 W Palmer St, Unit G2
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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6343 N Magnolia Ave, Unit STUDIO - 1D

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4827 N Damen Ave, Unit Studio

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1609 W Sherwin Ave, Unit 203

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4555 N Malden St

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6309 N Magnolia Ave, Unit J03P

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4823 N Damen Ave, Unit A05C

Grace Shores

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430-446 W. Diversey

6154 S Rockwell St

Sheridan Tower - 5650 N Sheridan Rd
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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8428 S Escanaba Ave, Unit 1

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6142 N Kenmore Ave, Unit 504,

21st Street Lofts by 3L Living

Algonquin Apartments

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4224 N Paulina St, Unit A08C

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6329 S Loomis Blvd, Unit 2

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915 W Oakdale Ave, Unit F1

The Edison

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1940 N. Lincoln

Kenmore Place - 6119 N Kenmore Ave
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.

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441 W. Barry

Dakin Court - 910 W Dakin St

The Wilson Club

Keystone Place Apartments

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2630 N. Hampden Court

5326 N Winthrop Ave

534 W. Wellington Ave

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5054-5058 N Ridgeway Ave

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4137 N Dickinson Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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4841 S St Lawrence Ave, Unit Bronzeville - Vintage 1st floor

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1717 N Lotus Ave, Unit Basement

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4051 W Melrose St

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5642 W Newport Ave

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2733 N Milwaukee Ave, Unit S

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2606 N Kimball Ave

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701 W Belmont Ave, Unit #409

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2610 N Kimball Ave

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711 W Belmont

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523 W Melrose St, Unit A02C
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 | $2,069 | $600 | $10,000+ |
| Chicago 1 Bedroom Apartments Under $1500 | $2,485 | $800 | $9,999 |
| Chicago 2 Bedroom Apartments Under $1500 | $3,102 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $1500 | $3,788 | $695 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $1500 | $4,402 | $1,025 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,484 | $750 | $10,000+ |
| Chicago 6 Bedroom Apartments | $11,716 | $1,795 | $10,000+ |
Browse Top Apartments in Chicago
See all Apartments in ChicagoExplore Chicago
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 8,261 Studio Apartments in Chicago with rent ranges from $600 to $15,622 with an average price of $2,069.
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 $800 to $9,999 with an average monthly rent of $2,485.
What does renting a Two Bedroom Apartment in Chicago cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $850 to $27,568. Today's average rental price for Two Bedrooms here is $3,102.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,906 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $695 to $38,481 - averaging $3,788 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
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.

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.

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.

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

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.

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.
