
New Apartments for Rent in Chicago, IL Under $3,500 (365 Rentals) Page 5 of 8


Gild

The Grace

1553 N Wells St

3647 N Southport Ave

963 W Montana St

913 School

NEW - Arthurs of Old Town Apartments

606 Blue

ILUX

The Western

1728 W. Division

2150 W Lawrence Ave

1545 W. North Ave.

Moment

3720 N. Ashland Avenue

MODE Lakeview

Luxe on Chicago

1510 W Division St

2740 W North Ave

The West End Club

640 North Wells

Bosworth Place

Old Town Park Tower 3

Coppia

Woodworking Lofts

St. Paul Western Lofts

Sage West Loop

Centrum Lakeview

Jefferson Park Residences

Terrace 459

5416-22 W Belmont Ave

3141 N. Sheffield

Windsor North + Vine

The Base

1604 N Richmond

Wrigleyville Lofts

L Logan Square Apartments

1900 W Lawrence Ave

Reside on Green Street

The Hedwig

Old Town Park Tower 2

Throop 734 N

713 Milwaukee

1647 NORTH MILWAUKEE AVENUE

30 East

Paper Box Lofts

Centrum Wicker Park

Centrum Old Irving

Damen Apartments
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 | $2,027 | $595 | $6,705 |
| Chicago 1 Bedroom Apartments | $2,469 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,030 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,768 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,948 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,019 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,482 | $750 | $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 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 $4,157.
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 638 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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.