
New Apartments for Rent in Chicago, IL Under $3,500 (366 Rentals) Page 7 of 8


2030 Greenwood St

The Scholar Apartments

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The Henry at Harms Woods

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Avidor Glenview 55+ Active Adult Apartment Homes

Prospect Place Luxury Apartments

Lodge Evanston

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Avidor Evanston 55+ Active Adult Apartment Homes

The Emerson

The Main

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1555 Oak Ave

Top of The Mount Apartments

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Albion Evanston

Elmhurst 255

Welkin Apartments

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The Dawson

Novu Apartments

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The Marke

1706 Sherman Ave.

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Uptown La Grange

Ellison

HQ Residences Apartments

The Monarch

Highpoint at 8000 North

Porter

A&K Luxury Apartments

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District 1860

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20West

ReNew Oak Park

The Residences at Sawmill Station

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Vyne on Haven

The Fynn

The Residences at Hamilton Lakes

Tapestry Station Apartments

Aria Luxury Apartments

10 North Main

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Albion Oak Park

Premier Luxury Apartments

Buckingham

Brentwood Apartments

139-143 S Oak Park Ave

The Banc Hammond

Arbor House

The Parker

Vine Place Apartments

The Residences of Wilmette

MADISON WEST

The Grove - Encore

The Grove on Grand

Boutique Flats
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 | $2,024 | $595 | $4,856 |
| Chicago 1 Bedroom Apartments | $2,466 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,015 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,678 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,571 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $6,391 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $7,670 | $6,700 | $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 $4,149.
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 635 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.