
Apartments for Rent in Chicago, IL Under $1,500 (2,288 Rentals) Page 20 of 46


5746 North Sheridan Apartments

Cermak-MASTER

3847-3857 N Linder Ave

625 W Wrightwood

5927-5929 W 63rd St

211 E. Ohio St.

1565 W Birchwood Ave

3734 W. Diversey Ave.

1316-1319 E Hyde Park Blvd

4443 W Gladys Ave

938 W 34th St

5651 N Miltimore Ave

3033 E 79th St

3560 W Cermak

2900 E 91st

6401 S Maplewood

Greenwood Park Apartments

Greater Grand Crossing

8016-8022 S Evans Ave

7942 S Champlain Ave

7801-05 S Indiana Ave Chicago IL

8007 S Champlain Ave

450 W. Melrose

455 W. Wellington

4908 - 4918 N Glenwood

1123 N Lawler Ave

5500 W Van Buren

5336-5338 S. Hyde Park Boulevard

6715 S Dorchester

8101 S Justine St

Ivy Hastings

Grand Crossing Apartments

4641 W Jackson Blvd

708 S Karlov

7135 S Blackstone

Maple

Park Heights by the Lake Apartments

Hilliard Towers Senior Apartments One

Hilliard Towers Senior Apartments

5314 N Damen Ave

5901 S Michigan

8201 S Michigan Avenue

6000 S Prairie

Farwell Apartments

9006 S Escanaba Ave

5015 W Jackson

7451 S Eberhart Ave

10901 S Vernon

5328 W Harrison
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 | $2,044 | $595 | $5,915 |
| Chicago 1 Bedroom Apartments Under $1500 | $2,467 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $1500 | $3,073 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $1500 | $3,676 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $1500 | $3,862 | $720 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,893 | $2,695 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,870 | $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 8,281 Studio Apartments in Chicago with rent ranges from $595 to $5,915 with an average price of $2,044.
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 $2,467.
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 $19,071. Today's average rental price for Two Bedrooms here is $3,073.
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 $3,676 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
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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
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.

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.

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.