Apartments for Rent in Chicago, IL Under $5,100 (6,751 Rentals)

1151 W Washington Blvd, Unit 1402

1301 W Diversey Pky, Unit 2N

1428 N Paulina St, Unit J00P

1428 N Paulina St, Unit 3

4139 N Kenmore Ave, Unit 2
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.

1754 W Division St, Unit 2

2500 N Halsted St

1132 W Armitage Ave, Unit 3A

2338 N Greenview Ave, Unit 1

3134 W Carroll Ave, Unit K05J

1350 N Dearborn St, Unit 1344-17G

5039 N Broadway St, Unit 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.

3820 N Sheffield Ave, Unit 3820-3

344 W Dickens Ave, Unit 2111-1

3820 N Sheffield Ave, Unit 1B

3347 N Kenmore Ave, Unit 3S
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.

1600 S Blue Island Ave, Unit 501

1644 W Chicago Ave, Unit 1

2651 W Armitage Ave, Unit 2

2651 W Armitage Ave, Unit 2

1437 W Oakdale Ave, Unit 2

618 W Patterson Ave, Unit 3W

3036 N Seminary Ave, Unit 3

3036 N Seminary Ave, Unit 3

3036 N Seminary Ave, Unit THREE

Webster Square Apartments
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.

2950 North Sheridan

1332 N Cleveland Ave, Unit 1

3117 N Damen Ave, Unit A01K

3117 N Damen Ave, Unit J08P

FultonHub
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 $5100 | $2,083 | $575 | $10,000+ |
Chicago 1 Bedroom Apartments Under $5100 | $2,632 | $748 | $10,000+ |
Chicago 2 Bedroom Apartments Under $5100 | $3,209 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments Under $5100 | $3,681 | $1,050 | $10,000+ |
Chicago 4 Bedroom Apartments Under $5100 | $2,973 | $1,040 | $10,000+ |
Chicago 5 Bedroom Apartments | $5,526 | $850 | $10,000+ |
Chicago 6 Bedroom Apartments | $4,247 | $2,500 | $5,995 |
Browse Top Apartments in Chicago
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Chicago, IL Local Guide
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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!
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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 Chicago
How much are Studio apartments in Chicago?
There are currently 2,872 Studio Apartments in Chicago with rent ranges from $575 to $20,000 with an average price of $2,083.
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 $748 to $20,000 with an average monthly rent of $2,632.
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 $3,209.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,102 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $1,050 to $38,481 - averaging $3,681 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.