
Apartments for Rent in Chicago, IL Under $4,500 (6,182 Rentals)


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6459 N Glenwood Ave, Unit 2, Unit 2

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858 N Paulina St, Unit CH, Unit CH

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858 N Paulina St

2614 W North Ave, Unit 3N, Unit 3N

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873 W Lill Ave, Unit 873-A2, Unit 873-A2

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871 W Lill Ave, Unit 1C, Unit 1C

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871 W Lill Ave, Unit 3 BED, Unit 3 BED

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839 W Lill Ave, Unit 875-C1, Unit 875-C1

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7446 S Luella Ave, Unit Bsm, Unit Bsm
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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1142 W Wolfram St, Unit 2, Unit 2

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2114 W Rice St, Unit J00W, Unit J00W

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2732 N Wilton Ave, Unit 2, Unit 2

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2732 N Wilton Ave, Unit 2, Unit 2

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2736 N Wilton Ave, Unit 2, Unit 2

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2114 W Rice St, Unit 3, Unit 3

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2114 W Rice St, Unit 2C, Unit 2C

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2114 W Rice St, Unit M04H, Unit M04H

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1224 W Augusta Blvd, Unit 4, Unit 4

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3234 N Kenmore Ave, Unit 3C, Unit 3C
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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3036 N Seminary Ave, Unit 3, Unit 3

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604 W Surf St, Unit 3, Unit 3

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861 W Lill Ave, Unit 875, Unit 875

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815 N Paulina St, Unit 2S, Unit 2S

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1225 W Roscoe St, Unit 1, Unit 1

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1703 W Irving Park Rd, Unit 1, Unit 1

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1725 N Honore St

913 W Belden Ave, Unit G, Unit G

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4406 N Seeley Ave, Unit 1, Unit 1

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4411 N Seeley Ave, Unit 1A, Unit 1A
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.

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2535 N Southport Ave, Unit 4S, Unit 4S

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1332 N Cleveland Ave, Unit 1, Unit 1

Clark Apartments

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665 W Cornelia Ave, Unit 3, Unit 3

441 E Ohio St, Unit 2, Unit 2

Riverview Terrace

FultonHub

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3046 N Kenmore Ave, Unit 1, Unit 1

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129 E Bellevue Pl, Unit 301, Unit 301

Chateau on Wells
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.

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665 W Cornelia Ave, Unit 3, Unit 3

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1224 W Augusta Blvd, Unit 2, Unit 2

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1224 W Augusta Blvd, Unit 3, Unit 3

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1220 W Augusta Blvd, Unit 2, Unit 2

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900 W Newport Ave, Unit 2, Unit 2

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1452 W Irving Park Rd, Unit 3, Unit 3

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2318 N Southport Ave, Unit 1F, Unit 1F

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2318 N Southport Ave, Unit 2318-3R, Unit 2318-3R

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4118 N Ashland Ave, Unit M01H, Unit M01H

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1701 W Webster Ave, Unit 712, Unit 712
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.
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 $4500 | $1,938 | $550 | $5,839 |
| Chicago 1 Bedroom Apartments Under $4500 | $2,489 | $525 | $10,000+ |
| Chicago 2 Bedroom Apartments Under $4500 | $3,090 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $4500 | $3,907 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $4500 | $3,567 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,254 | $2,175 | $10,000+ |
| Chicago 6 Bedroom Apartments | $7,083 | $2,475 | $10,000+ |
Browse Top Apartments in Chicago
See all Apartments in ChicagoExplore Chicago

Chicago, IL Local Guide
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick 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
Frequently Asked Questions about Chicago
How much are Studio apartments in Chicago?
There are currently 8,375 Studio Apartments in Chicago with rent ranges from $550 to $5,839 with an average price of $1,938.
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 $525 to $11,300 with an average monthly rent of $2,489.
What does renting a Two Bedroom Apartment in Chicago cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $762 to $18,859. Today's average rental price for Two Bedrooms here is $3,090.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,986 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,907 for the location.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.