
Apartments for Rent in Chicago, IL Under $5,500 (6,408 Rentals) Page 36 of 100


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6343 N Magnolia Ave, Unit 3C

4756 N Maplewood Ave

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6343 N Magnolia Ave, Unit ONE BEDROOM

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1406 E 69th Pl, Unit 2

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667 W Cornelia Ave, Unit #104

2415-2417 W Birchwood Ave

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4735 N Hermitage Ave, Unit 102

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537 W Arlington Pl, Unit 215

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1525 W Morse Ave, Unit 214

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6329 S Loomis Blvd, Unit 2

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6231 N Kenmore Ave

6946 W 65th St

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4414 N Wolcott Ave, Unit J01W

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6154 S Mozart St, Unit Garden Level

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625 W Patterson Ave, Unit 209

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1710 W Glenlake Ave, Unit 3

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6940 S King Dr, Unit 2S

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2620 N Hampden Ct, Unit J07P

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4920 S Vincennes Ave

422-24 Melrose

350 W. Oakdale

2339 N. Geneva

828 W. Fullerton

Edge @ Sheridan - 5910 N Sheridan Rd

Gramercy Row Apartments

2256 N. Cleveland

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620 W Patterson Ave

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4038 N Ashland Ave

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6943 S Indiana Ave, Unit 2

Oakdale Terrace - 525 W Oakdale Ave

Sheridan Shores

EDGE on Broadway

Sheridan Glen - 6040 N Sheridan Rd

4031 N Kenmore Apartments

1330 N Dearborn

817 W Lakeside Place

7944 S Ellis Ave

Park Dearborn

The Wilson Club

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1523 W Morse Ave, Unit 1

4658 S Troy St

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2415 W Arthington St, Unit Garden

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3732 N Pine Grove Ave

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3815 N Pine Grove Ave

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1439 W 17th St, Unit 1R

4836 W Belle Plaine Ave

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1503 W 19th St

10925 S Vernon Ave, Unit 2

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2345 W 24th St, Unit #1
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 $5500 | $2,030 | $450 | $5,495 |
| Chicago 1 Bedroom Apartments Under $5500 | $2,476 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $5500 | $3,072 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $5500 | $3,745 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $5500 | $4,030 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,493 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $7,666 | $6,700 | $10,000+ |
Browse Top Apartments in Chicago
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Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big city challenges with traffic but also provides the amenities of the city you can't find elsewhere
Frequently Asked Questions about Chicago
How much are Studio apartments in Chicago?
There are currently 8,292 Studio Apartments in Chicago with rent ranges from $450 to $5,495 with an average price of $2,030.
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 $640 to $9,987 with an average monthly rent of $2,476.
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 $19,143. Today's average rental price for Two Bedrooms here is $3,072.
How expensive are Chicago Three Bedroom Apartments?
There are currently 5,009 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,745 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.