
New Apartments for Rent in Chicago, IL Under $3,500 (355 Rentals)


1042 S Oakley Blvd Apartments

Clybourn

The Sinclair

Brand New Lakeview Apartments

The Row Fulton Market

2806 W Henderson St, Unit 4

Flora

The Dylan Chicago

5252
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.

One Chicago

Niche 905

The Hudson

Solstice on the Park

640 North Wells

Sienna Chicago

1023 W Addison St, Unit STUDIO
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

The Parker Fulton Market

Millie on Michigan

The Apartments at Lincoln Common

1819 Lofts

Parkline Chicago

1752 W 18th Pl

920 N Wells

Wicker Park Connection

Cascade

868 N. Wells

Than Tower

410 W Grand Ave, Unit 2

4133 W Hirsch St, Unit Apt 1
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

North Water Apartments

369 Grand by Onni

Onni Fulton Market

1923 S Allport St, Unit 2

Aberdeen East

6700NORTH

Moment
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.

The Erikson

North Oak Lofts

ILUX

Residences at 8 East Huron

Elevate

120 W Chestnut St, Unit 9

MILA

410 N Milwaukee Ave, Unit 2

Hugo River North

NEMA Chicago

Aurelien

Milieu
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.

Seven 10 West
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 | $1,872 | $333 | $8,711 |
Chicago 1 Bedroom Apartments | $2,368 | $750 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,070 | $850 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,831 | $788 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,850 | $650 | $10,000+ |
Chicago 5 Bedroom Apartments | $9,977 | $1,650 | $10,000+ |
Chicago 6 Bedroom Apartments | $27,098 | $10,000 | $10,000+ |
Explore Chicago

Chicago, IL Local Guide
- Chicago Neighborhoods
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Chicago, IL Rentals by Map
See the most popular apartments and homes in Chicago, IL
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 OC Living listed at $925.
How much is the average rent for a New Chicago Apartment?
The average rent for a New Apartment in Chicago is $3,750.
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 $2,612 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 641 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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.