
Apartments for Rent in Chicago, IL Under $1,500 (2,286 Rentals) Page 5 of 46


Total Monthly Price
3332 W 38th St, Unit BSMT

The Winnie

The Sally

5020 S Woodlawn Ave

Winthrop Terrace

7333 Ridge

Park Apartments

2659 N Monitor Ave

Total Monthly Price
2801 N Keating Ave, Unit 307

Total Monthly Price
2533 W Cortez St, Unit Dan's Unit

Total Monthly Price
7809 S Marshfield Ave, Unit 7809 South Marshfield #1

Total Monthly Price
8452 S Burnham Ave, Unit 8452 S. Burnham

Lake Grove Village

Total Monthly Price
3510 N. Pine Grove

Lakes

4700 Lake Park Apartments

3000-3006 N Cicero Ave

Southland Village

LUELLA

Total Monthly Price
8055 S Paulina St

Total Monthly Price
2823 E 77th St, Unit Apartment

Total Monthly Price
2014 S Ashland Ave

Total Monthly Price
2973 S Lyman St, Unit 2

Total Monthly Price
13421 S Avenue O

Total Monthly Price
5148 S Indiana Ave, Unit G

Total Monthly Price
1237 W 31st Pl, Unit 1R

626 on the Park

Drexel Grand

Oglesby Towers Apartments

4735 Beacon

7220

Wilson Uptown LLC

Total Monthly Price
245 W North Ave, Unit 108

Total Monthly Price
5425 N Kenmore Ave

Total Monthly Price
4109 W Melrose St, Unit 1

Ironwood

Tailor Lofts Student Living

The Vivian

Prairie Shores

Prairie Park Apartments

424 W. Diversey

Woodlawn Terrace

4600 Beacon

Cornell (The Greenstone)

2Sisters Apartments

Addams 2.0

1628 Sherwin

Prairie CoLiving

Total Monthly Price
4735 W Addison St, Unit #2B
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 | $2,040 | $595 | $5,117 |
| Chicago 1 Bedroom Apartments Under $1500 | $2,463 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $1500 | $3,069 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $1500 | $3,695 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $1500 | $3,637 | $949 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,804 | $2,695 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,983 | $7,000 | $10,000+ |
Browse Top Apartments in Chicago
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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 8,270 Studio Apartments in Chicago with rent ranges from $595 to $5,117 with an average price of $2,040.
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 $2,463.
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 $3,069.
How expensive are Chicago Three Bedroom Apartments?
There are currently 5,026 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,695 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
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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
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.