
New Apartments for Rent in Chicago, IL Under $3,000 (343 Rentals) Page 2 of 7


1111 N Wells St, Unit 302

North Water Apartments

Exhibit on Superior

Linea Apartments

Next Apartments

369 Grand by Onni

1001 South State

Arrive Michigan Avenue

The Gallery on Wells
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.

Porte

Spoke

NEMA Chicago

Cortland River North

Arthur on Aberdeen

Coppia

The Mason

Cascade

Lofts At River East

The Parker Fulton Market
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

Flora

The Reed

CADENCE APARTMENTS

727 West Madison

640 North Wells

Sheffield of Lincoln Park

2402 W Carmen Ave

Four50 Residences

3Eleven

Eight O Five

Marquee at Block 37

Cassidy on Canal

731 Plymouth by 3L Living

Westerly

Neveseno

330 S. Wells St

JeffJack Apartments

The Ardus

Union West

The Base

Gateway West Loop

Moment

Solverre

EMME

6 Corners Lofts

1000 South Clark

AMLI 808

Park Boulevard 2B

Luxe on Madison

Luxe Logan Square
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 | $1,913 | $575 | $7,500 |
| Chicago 1 Bedroom Apartments | $2,383 | $550 | $9,250 |
| Chicago 2 Bedroom Apartments | $2,928 | $750 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,589 | $740 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,040 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,115 | $1,925 | $10,000+ |
| Chicago 6 Bedroom Apartments | $12,708 | $950 | $10,000+ |
Explore Chicago
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 $919.
How much is the average rent for a New Chicago Apartment?
The average rent for a New Apartment in Chicago is $4,056.
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 $2,327 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 652 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.