
New Apartments for Rent in Chicago, IL Under $5,500 (386 Rentals) Page 3 of 8


Total Monthly Price
Neveseno

Total Monthly Price
One Six Six

Millennium on LaSalle

EMME

Aberdeen Crossing

Seven 10 West

Next Apartments

The Grand Central

The Ardus

CADENCE APARTMENTS

Xavier

The Jax

The Cooper

AMLI 808

Hugo River North

Nevele22 - 1122 W Chicago

Sixty44 Residences

The Raven Residences

Eight Eleven Uptown

Panorama

Roosevelt Square

Total Monthly Price
521 N Lawndale Ave, Unit 1

The Station Lofts

Total Monthly Price
3156 N Central Park Ave, Unit 1R

Total Monthly Price
Imprint

330 S. Wells St

Total Monthly Price
1400 Wabash

Eleven40

Solverre

The Wilmore

The Elle Apartments

Total Monthly Price
Coeval

1407 on Michigan

ONE Old Town Park

The Heron

Platform 4611 Uptown Chicago

The Weyland

1935 S Canalport Ave

The Rosie

Than Tower

The June

Total Monthly Price
30 East

The Carmen

The Sally

Upshore Residences

5139 N Broadway St

EDGE on Broadway

The Winnie

626 on the Park
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 | $1,923 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments | $2,424 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,977 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,684 | $755 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,248 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $10,214 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $15,679 | $850 | $10,000+ |
Explore Chicago
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 $4,094.
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 656 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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.