
New Apartments for Rent in Chicago, IL Under $5,100 (385 Rentals)


2500 N Halsted St

2950 North Sheridan

Four50 Residences

1027 W Addison St, Unit 2BED-716

arco old town

One Bennett Park

Niche 905

The Parker Fulton Market
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Clybourn

The Leo

Brand New Lakeview Apartments

The Raven Residences

Monroe Aberdeen Place

The Row Fulton Market

1338 W Cullerton St

2806 W Henderson St, Unit 4

4317 S Forrestville Ave, Unit Apartment Two

The Hudson

The Residences at NewCity
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.

Residences at 8 East Huron

One Chicago

1752 W 18th Pl

Solstice on the Park

3Eleven

The Dylan Chicago

Sienna Chicago
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.

The Sinclair

Cascade

The Apartments at Lincoln Common

640 North Wells

The Reed

Cortland River North

Flora

1023 W Addison St, Unit 1BD

Than Tower

City Hyde Park

5252

1819 Lofts

1325 N Wells Apartments
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.

Millie on Michigan

410 W Grand Ave, Unit 2

4133 W Hirsch St, Unit Apt 1

Aurelien

North Water Apartments

Foundry

Fulbrix Apartments

Aberdeen East

6700NORTH

2319-2551 N Southport Ave
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.
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 | $2,083 | $575 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,632 | $748 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,209 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,681 | $1,050 | $10,000+ |
Chicago 4 Bedroom Apartments | $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 |
Explore Chicago

Chicago, IL Local Guide
- Chicago Neighborhoods
- Nearby Cities
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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!
Explore Chicago, IL Rentals by Map
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 New Chicago Apartments
What is the Cheapest New apartment in Chicago?
Currently the most affordable New Apartment in Chicago is at KLEO Art Residences listed at $900.
How much is the average rent for a New Chicago Apartment?
The average rent for a New Apartment in Chicago is $4,166.
What is the largest New Chicago Apartment for rent?
Today's New apartment with the most square footage in Chicago is a 6,438 square feet unit starting from $2,151 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 655 sq ft.
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.