
Apartments for Rent in Chicago, IL Under $5,500 (6,421 Rentals) Page 45 of 100


200 N Wells St, Unit 2201

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939 W Washington Blvd, Unit SI FL6-ID213

2930 N Commonwealth Ave, Unit 4-2.5

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505 N State St, Unit SI FL35-ID1009

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939 W Washington Blvd, Unit SI FL8-ID254

2049 N Sheffield Ave

717 W Junior Terrace

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109 S Paulina St, Unit SI ID1244958P

712 N Willard Ct

834 W Waveland Ave

1119 W Addison St

2013 W Division St

2011 W Division St

2059 N Clifton Ave

Luxury spectacular view

1390 W Randolph St, Unit 3

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2316 W Estes Ave, Unit SI ID1060170P

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8 E Huron St, Unit SI FL16-ID1114

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1122 W Chicago Ave, Unit SI ID1244948P

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210 N Wells St, Unit SI FL17-ID257

1916 W Roscoe St, Unit 2

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3437 N Lakewood Ave, Unit SI ID1026693P

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201 N Garland Ct, Unit SI FL31-ID959

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121 W Chestnut St, Unit SI FL13-ID1290

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201 N Garland Ct, Unit SI FL30-ID1392

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846 N Hermitage Ave, Unit SI ID1379013P

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7201 N Western Ave, Unit SI ID1236833P

3935 S Wells St, Unit 3935 South Wells St

2235 N Halsted St

321 S Jefferson St

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8 E Huron St, Unit SI FL21-ID1113

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505 N State St, Unit SI FL20-ID1143

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2149 W Division St, Unit SI FL3-ID1379070P

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165 N Desplaines St, Unit SI FL12-ID748

2110 W Washington Blvd

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1 E Delaware Pl, Unit SI FL14-ID1359

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1543 N Claremont Ave, Unit SI ID1244947P

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2149 W Division St, Unit SI FL3-ID1379029P

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535 N St Clair St, Unit SI FL10-ID1147

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1543 N Claremont Ave, Unit SI ID1244946P

1103 W Cornelia Ave

2151 W Evergreen Ave

1649 W Cortland St

1618 W Chicago Ave

644 W Oakdale Ave

6437 N Wayne Ave

6455 N Glenwood Ave

2015 W Race Ave, Unit 120

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121 W Chestnut St, Unit SI FL25-ID1291
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 | $2,033 | $595 | $5,483 |
| Chicago 1 Bedroom Apartments Under $5500 | $2,476 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $5500 | $3,063 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $5500 | $3,757 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $5500 | $3,994 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,544 | $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 $595 to $5,483 with an average price of $2,033.
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 $19,184. Today's average rental price for Two Bedrooms here is $3,063.
How expensive are Chicago Three Bedroom Apartments?
There are currently 5,010 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,757 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.