New Apartments for Rent in Chicago, IL Under $2,500 (262 Rentals) Page 2 of 6

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Five Points Lakeview
Rent Specials
$2,200 - $4,550
Total Monthly Price

Total Monthly Price

Base Rent
$2,050 - $4,400
Required Monthly Fees
$150
Total Monthly Price
$2,200 - $4,550
Built in 2026Studio to 2 Bedroom Apartments Available May 1

Five Points Lakeview

3605 N Ravenswood AveChicago, IL 60613
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Next Apartments
$2,199 - $4,490
Total Monthly Price

Total Monthly Price

Base Rent
$2,136 - $4,427
Required Monthly Fees
$63
Total Monthly Price
$2,199 - $4,490
Built in 2016Studio to 2 Bedroom Apartments Available Now

Next Apartments

347 W Chestnut StChicago, IL 60610
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1001 South State
$2,178 - $7,125
Total Monthly Price

Total Monthly Price

Base Rent
$2,043 - $6,990
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2016Studio to 3 Bedroom Apartments Available Now

1001 South State

1001 S State StChicago, IL 60605
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Neveseno
$2,157 - $8,740
Total Monthly Price

Total Monthly Price

Base Rent
$1,917 - $8,500
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 20251 to 4 Bedroom Apartments Available Now

Neveseno

1717 S Michigan AveChicago, IL 60616
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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.

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1400 Wabash
$2,133 - $7,568
Total Monthly Price

Total Monthly Price

Base Rent
$1,933 - $7,368
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2021Studio to 3 Bedroom Apartments Available Now

1400 Wabash

1400 S Wabash AveChicago, IL 60605
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Luxe Logan Square
Rent Specials
$2,132 - $4,631
Total Monthly Price

Total Monthly Price

Base Rent
$2,119 - $4,618
Required Monthly Fees
$13
Total Monthly Price
$2,132 - $4,631
Built in 2017Studio to 3 Bedroom Apartments Available Now

Luxe Logan Square

1950 N Campbell AveChicago, IL 60647
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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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Xavier
$2,049 - $4,448
Total Monthly Price

Total Monthly Price

Base Rent
$1,969 - $4,368
Required Monthly Fees
$80
Total Monthly Price
$2,049 - $4,448
Built in 2017Studio to 2 Bedroom Apartments Available Now

Xavier

625 W Division StChicago, IL 60610
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The Elle Apartments
$2,027 - $7,497
Total Monthly Price

Total Monthly Price

Base Rent
$1,977 - $7,447
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2017Studio to 3 Bedroom Apartments Available Now

The Elle Apartments

801 S Financial PlChicago, IL 60605
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Panorama
$1,964 - $4,254
Total Monthly Price

Total Monthly Price

Base Rent
$1,939 - $4,229
Required Monthly Fees
$25
Total Monthly Price
$1,964 - $4,254
Built in 2021Studio to 3 Bedroom Apartments Available Jun 20

Panorama

918 W School StChicago, IL 60657
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Coeval
Rent Specials
$1,955 - $5,636
Total Monthly Price

Total Monthly Price

Base Rent
$1,770 - $5,451
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2019Studio to 2 Bedroom Apartments Available Now

Coeval

51 E 14th StChicago, IL 60605
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Imprint
$1,946 - $5,070
Total Monthly Price

Total Monthly Price

Base Rent
$1,706 - $4,830
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2020Studio to 4 Bedroom Apartments Available Now

Imprint

717 S Clark StChicago, IL 60605
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The Grand Central
$1,916 - $9,542
Total Monthly Price

Total Monthly Price

Base Rent
$1,891 - $9,517
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2020Studio to 3 Bedroom Apartments Available Now

The Grand Central

221 W Harrison StChicago, IL 60607
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30 East
$1,730 - $2,060
Total Monthly Price

Total Monthly Price

Base Rent
$1,730 - $2,060
Total Monthly Price
Varies
Built in 20172 to 4 Bedroom Apartments Available Now

30 East

30 E Balbo AveChicago, IL 60605
Student Housing
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  • Utilities Included
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The Carmen
$1,700 - $3,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $3,500
Required Monthly Fees
$150
Total Monthly Price
$1,700 - $3,650
Built in 2026Studio to 2 Bedroom Apartments Available Now

The Carmen

952 W Carmen AveChicago, IL 60640
Affordability
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Showing Results 51-100, Page 2 of 6

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 $4,041.

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 658 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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

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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.

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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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.