
New Apartments for Rent in Chicago, IL Under $3,000 (333 Rentals)


The Apartments at Lincoln Common

The Residences at NewCity

Sienna Chicago

One Chicago

640 North Wells

The Sinclair
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.

North Water Apartments

The Hudson

1023 W Addison St, Unit JR1BD

Aurelien

1819 Lofts

1111 N Wells St, Unit 302

Solstice on the Park

Lofts At River East

Moment

868 N. Wells
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.

1110 W Marquette Rd, Unit Duplex

City Hyde Park

465 North Park

North Oak Lofts

The Clark

Aberdeen East

2319-2551 N Southport Ave

The Erikson

Porte

410 W Grand Ave, Unit 2
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.

NEMA Chicago

Parkline Chicago

1000M

6 Corners Lofts

Residences at 8 East Huron

5252

MILA

120 W Chestnut St, Unit 9

Marlowe

Luxe Logan Square
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.

The Reed

Marquee at Block 37

Flora

Onni Fulton Market

920 N Wells

Milieu

The Dylan Chicago

The Leo

Arrive Michigan Avenue

CADENCE APARTMENTS

The West End Club

Cortland River North
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

727 West Madison
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 | $2,075 | $575 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,669 | $575 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,211 | $875 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,732 | $1,075 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,272 | $1,040 | $10,000+ |
Chicago 5 Bedroom Apartments | $5,092 | $2,200 | $10,000+ |
Chicago 6 Bedroom Apartments | $5,866 | $4,795 | $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 KLEO Art Residences listed at $900.
How much is the average rent for a New Chicago Apartment?
The average rent for a New Apartment in Chicago is $4,229.
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 633 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.