
New Apartments for Rent in Chicago, IL Under $2,000 (111 Rentals) Page 2 of 3


2931-2957 N Harlem Apartments

The Monark

Trianon Lofts

East Village Lofts

Harmony Apartments

Pershing Place

Mozart 4401-07 N.

Motif on Belden

MiCA
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.

Fields Lofts

Wicker Park Lofts

Thorndale Paulina

5055 S Dorchester Ave

Centrum Lakeview Phase II

Montauk

HIGHPOINT Albany Park on Kedzie

3856 W Diversey Ave

The Oasis of Bucktown

4102 N Sheridan Rd
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!

Southport Lofts

Jefferson Park Apartments

Elm 551 at Parkside

Winthrop 6000

1323 W Morse Ave

The Schoolhouse

Park Station Lofts

Paseo Boricua Arts Building

McCormick CoLiving

The Westerner
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.

The Nelson

The Elevation Lofts

Common Damen

Triangle Square

4801 North Ravenswood

7270 S South Shore Dr

Cicero Senior Lofts

Canvas at Leland Plaza

Total Monthly Price
District 1860

Total Monthly Price
Vyne on Haven
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Residences at Hamilton Lakes

Top of The Mount Apartments

Aria Luxury Apartments

10 North Main

Total Monthly Price
Albion Oak Park

Highpoint at 8000 North

Premier Luxury Apartments

139-143 S Oak Park Ave

Bellwood Gateway

9909 S Ridgeland Ave, Unit 2N
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
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 | $2,026 | $595 | $4,966 |
| Chicago 1 Bedroom Apartments | $2,462 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,033 | $500 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,673 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,805 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,684 | $2,695 | $10,000+ |
| Chicago 6 Bedroom Apartments | $15,879 | $6,790 | $10,000+ |
Explore 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 New Chicago Apartments
What is the Cheapest New apartment in Chicago?
Currently the most affordable New Apartment in Chicago is at Stephen's Commons- Senior Living-Age 62+ listed at $595.
How much is the average rent for a New Chicago Apartment?
The average rent for a New Apartment in Chicago is $4,105.
What is the largest New Chicago Apartment for rent?
Today's New apartment with the most square footage in Chicago is a 4,425 square feet unit starting from $2,258 at 369 Grand by Onni.
What is the average size for Chicago New Apartments for rent?
The average size for a New rental in Chicago is currently at 637 sq ft.
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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.