
Apartments for Rent in Chicago, IL Under $5,500 (6,408 Rentals) Page 38 of 100


4614 N Paulina

Harbor Point Estates

Sheridan Pratt Apartments

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711 W Belmont Ave, Unit 311

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701 W Belmont Ave, Unit #311

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4409 N Kenneth Ave, Unit 1A

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813 W Cornelia Ave

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1427 N Dearborn St

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532 W Arlington Pl, Unit A04C

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717 W Belmont Ave, Unit A09C

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3546 N Meade Ave, Unit 2nd floor

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8028 S Phillips Ave, Unit 3F

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701 W Belmont Ave, Unit A06C

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928 W Dakin St, Unit 308

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8205 S Laflin St, Unit Laflin 1st Floor

368 E 59th St, Unit #3

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7453 N Greenview Ave, Unit #318

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809 W Cornelia Ave, Unit #306

6022 N Winthrop Ave

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2626 W 23rd Pl, Unit 2nd Floor

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3913 W 47th St, Unit 3913 W 47th Street 1S

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6422 S Rhodes Ave, Unit 2

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7456 S Stewart Ave, Unit 3

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2826 W 21st Pl, Unit 2 Rear

The 808 Cleveland

6154 S Rockwell St

211 E. Delaware

430-446 W. Diversey

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8428 S Escanaba Ave, Unit 1

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6142 N Kenmore Ave, Unit 504,

4600 N Winchester Ave

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1136 N La Salle Dr

2545 W Fitch

21st Street Lofts by 3L Living

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2501 E 84th St, Unit 1E

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515 W Belmont Ave

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7300 N Ridge Blvd, Unit 207

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645 W Barry Ave, Unit A01C

443 Wrightwood

25 E. Delaware

Dearborn North

Hyde Park West

644 W. Surf

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4224 N Paulina St, Unit A08C

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5542 W Leland Ave, Unit B

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915 W Oakdale Ave, Unit F1

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4838 N Damen Ave, Unit 206

Dakin Court - 910 W Dakin St

Sheridan Terrace - 6725 N Sheridan Rd
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 8,300 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.