
New Apartments for Rent in Chicago, IL Under $3,000 (326 Rentals) Page 2 of 7


The Leo

Arrive Michigan Avenue

Sentral Michigan Avenue

The Avra West Loop

The Cooper

Exhibit on Superior

Landmark West Loop

The Gallery on Wells

Vue 53
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.

Linea Apartments

Arthur on Aberdeen

Total Monthly Price
Neveseno

Inside Info Fremont

111 Point

369 Grand by Onni

The Reed

2402 W Carmen Ave

3Eleven

The Jax
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 Station Lofts

The Grand Central

The Dylan Chicago

Millennium on LaSalle

Noca Blu Apartment Homes

CADENCE APARTMENTS

The Elle Apartments

The Mason

Sheffield of Lincoln Park

Aspire
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

Stead 220 Chicago

Five Points Lakeview

Aberdeen Crossing

1000 South Clark

Inspire West Town

Wicker Park Connection

Seven 10 West

The Ardus

AMLI 808

Hugo River North

Solverre

Total Monthly Price
1400 Wabash

Galewood Residences

The Weyland

Sixty44 Residences

EMME

Xavier

Total Monthly Price
Coeval

Total Monthly Price
Imprint

731 Plymouth by 3L Living
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 | $1,960 | $550 | $10,000+ |
| Chicago 1 Bedroom Apartments | $2,520 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,145 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,912 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,624 | $970 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,607 | $1,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $7,236 | $5,850 | $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 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 $4,100.
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 624 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.