
Apartments for Rent in Chicago, IL Under $5,500 (6,420 Rentals) Page 47 of 100


4544 N Western Ave

5419 S Hyde Park Blvd

1914 N Wood St

2778 N Kenmore Ave

3106 W Fullerton Ave

2947 W Logan Blvd

2602 N Springfield Ave

1651 W Chicago Ave

Total Monthly Price
1401 S State St, Unit GO FL19-ID771

Total Monthly Price
1408 W Ohio St, Unit SI ID1573406P

Total Monthly Price
61 W Erie St, Unit SI FL3-ID1405

1703 W Chicago

3312 N Halsted St

2309 N Campbell Ave

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1408 W Ohio St, Unit SI ID1244924P

618 S Racine Ave

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911 W School St, Unit SI FL3-ID472

3550 N Lake Shore Dr

1902 W North Ave

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1400 N Lake Shore Dr, Unit SI FL9-ID556

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33 S Ashland Ave, Unit SI ID1031375P

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906 N Damen Ave, Unit SI FL2-ID1511813P

6456 N Magnolia Ave

1503 W George St

2104 W Roscoe St, Unit 2

719 W Buckingham Pl

622 W Briar Pl

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2342 W Touhy Ave, Unit SI FL2-ID1054668P

1429 W Grand Ave

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450 W Belmont Ave, Unit SI FL7-ID718

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750 N Rush St, Unit SI FL22-ID160

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720 S Wells St, Unit SI ID1310548P

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2207 W 18th St, Unit SI ID1296498P

5619 W Irving Park Rd

1040 W Roscoe St

2936 W Logan Blvd

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750 N Rush St, Unit SI FL33-ID164

1110 N Christiana Ave

Total Monthly Price
3161 N Cambridge Ave, Unit SI ID1322526P

1646 W Belmont Ave

5840 S Stony Island Ave

123 N Desplaines St, Unit 2

737 W Washington Blvd

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417 S Dearborn St, Unit SI ID1521523P

718 S Aberdeen St, Unit 1R

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61 W Erie St, Unit SI FL4-ID1407

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5536 S Richmond St, Unit SI ID1523228P

234 W Polk St

1620 W Hastings St
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+ |
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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.