
New Apartments for Rent in Chicago, IL Under $2,500 (263 Rentals)


465 North Park

120 W Chestnut St, Unit 9

The Van Buren

The Reed

Flora

The Dylan Chicago

The Leo

The Saint Grand
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

MILA

Onni Fulton Market

Union West

Arrive Michigan Avenue

920 N Wells

NEMA Chicago

Seven 10 West

The West End Club

The Parker Fulton Market

Fulbrix

Nevele22 - 1122 W Chicago
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.

Luxe on Madison

Exhibit on Superior

Cassidy on Canal

1000M

Elevate

Milieu

2707 W Polk St, Unit 2

The Cooper

Sentral Michigan Avenue

Marlowe
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.

Millie on Michigan

Marquee at Block 37

3141 N. Sheffield

Arthur on Aberdeen

North Water Apartments

Foundry

The Residences at NewCity

Sheffield of Lincoln Park

3Eleven

2402 W Carmen Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Noca Blu Apartment Homes

Logan

Xavier

JeffJack Apartments

Lofts At River East

Coppia

The Gallery on Wells

Terrace 459

1000 South Clark

One Six Six
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 | $2,100 | $575 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,668 | $575 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,270 | $875 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,772 | $1,000 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,730 | $1,040 | $10,000+ |
Chicago 5 Bedroom Apartments | $5,701 | $2,000 | $10,000+ |
Chicago 6 Bedroom Apartments | $6,795 | $6,795 | $6,795 |
Explore Chicago

Chicago, IL Local Guide
- Chicago Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 5401 Cornell by 3L Living listed at $899.
How much is the average rent for a New Chicago Apartment?
The average rent for a New Apartment in Chicago is $4,242.
What is the largest New Chicago Apartment for rent?
Today's New apartment with the most square footage in Chicago is a 6,439 square feet unit starting from $2,151 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 629 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.