Apartments for Rent in Chicago, IL Under $4,200 (6,522 Rentals)

1520 W Melrose St, Unit #1520-2R

1049 N Winchester Ave, Unit 2

1520 W Melrose St, Unit 1520-2R

3818 N Sheffield Ave, Unit 1
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.

1356 W Augusta Blvd, Unit 304

4613 N Broadway St, Unit 3

1325 N Wells Apartments

One Bennett Park

2337 N Lincoln Ave, Unit 1

3440 N Lake Shore Dr, Unit 2
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.

732 W. Grace / 3803-3809 N. Broadway

2455 N Seminary Ave, Unit 3

6251 N Lakewood Ave, Unit 1

2311 N Southport Ave, Unit 3F

1720 N Ashland Ave, Unit G09C
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.

1212 N La Salle Dr, Unit 5

1720 N Ashland Ave, Unit 1

1720 N Ashland Ave, Unit A02K

1720 N Ashland Ave, Unit J00W

1720 N Ashland Ave, Unit J09P
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.

1214 W Wrightwood Ave, Unit 1

1214 W Wrightwood Ave, Unit 1

3047 N Clifton Ave, Unit CH

820 W Waveland Ave, Unit 1

Chateau on Wells

2131 N Larrabee St, Unit 6203
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.

1622 N Sedgwick St, Unit 1st Floor

1251 W Belden Ave, Unit 10B

2409 W Berenice Ave, Unit 401
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 Under $4200 | $2,067 | $575 | $10,000+ |
Chicago 1 Bedroom Apartments Under $4200 | $2,664 | $575 | $10,000+ |
Chicago 2 Bedroom Apartments Under $4200 | $3,150 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments Under $4200 | $3,660 | $1,075 | $10,000+ |
Chicago 4 Bedroom Apartments Under $4200 | $3,281 | $1,040 | $10,000+ |
Chicago 5 Bedroom Apartments | $5,200 | $2,150 | $10,000+ |
Chicago 6 Bedroom Apartments | $6,716 | $4,795 | $10,000+ |
Browse Top Apartments in Chicago
See all Apartments in ChicagoExplore Chicago

Chicago, IL Local Guide
- Chicago Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
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 Chicago
How much are Studio apartments in Chicago?
There are currently 2,835 Studio Apartments in Chicago with rent ranges from $575 to $20,000 with an average price of $2,067.
What is the current price range for One Bedroom Chicago Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Chicago ranges from $575 to $20,000 with an average monthly rent of $2,664.
What does renting a Two Bedroom Apartment in Chicago cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $900 to $29,893. Today's average rental price for Two Bedrooms here is $3,150.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,087 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $1,075 to $38,481 - averaging $3,660 for the location.
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 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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.