
Apartments for Rent in Chicago, IL Under $5,500 (6,365 Rentals) Page 5 of 100


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2952 N Racine Ave, Unit 2BED

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2519 N Lincoln Ave

628 W Roscoe St, Unit 1N

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626 W Roscoe St, Unit 634-1N

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3255 N Elston Ave, Unit 1A

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2952 N Racine Ave, Unit 3R

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1821 W Leland Ave, Unit G

2013 N Hoyne Ave, Unit 3

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2575 N Lincoln Ave

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3023 N Oakley Ave, Unit 2A

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3047 N Kimball Ave, Unit 2

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3045 N Kimball Ave, Unit 2

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5025 N Rockwell St, Unit 1N

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2437 N Ashland Ave, Unit 1F

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3017 N Seminary Ave

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4454 N Sheridan Rd, Unit 2

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1415 W Devon Ave, Unit 1

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1500 N Dearborn Pky, Unit #5B

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2437 N Ashland Ave, Unit 1F

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1147 W Taylor St, Unit 1

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2129 N Southport Ave, Unit 2

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2616 N Marshfield Ave, Unit 2R

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1214 N La Salle Dr, Unit J07W

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2440 N Ashland Ave, Unit 2

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2620 N Milwaukee Ave, Unit 3

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1436 W Farragut Ave, Unit 2

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1931 W Winona St, Unit 1

3810 N Sheffield Ave, Unit 1W

FultonHub

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1222 N Damen Ave, Unit 3F

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2774 N Kenmore Ave, Unit M09R

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110 N Carpenter St

2950 North Sheridan

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877 W Lill Ave

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1244 W Huron St

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4849 N Seeley Ave, Unit 1

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917 S Loomis St, Unit 1

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2315 N Southport Ave, Unit 3F

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1049 N Oakley Blvd, Unit Oakley 1

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877 W Lill Ave, Unit D3

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2341 W Cortez St, Unit #1

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5211 S Greenwood Ave

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842 W Waveland Ave, Unit 3

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872 W Lill Ave

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3349 N Clark St, Unit 1

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5100 W Fulton St, Unit 1

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873 W Lill Ave

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2806 W Henderson St, Unit 303

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852 W Lill Ave, Unit 2
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 | $2,029 | $595 | $4,856 |
| Chicago 1 Bedroom Apartments Under $5500 | $2,466 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $5500 | $3,016 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $5500 | $3,671 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $5500 | $3,565 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $6,128 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $7,670 | $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 8,301 Studio Apartments in Chicago with rent ranges from $595 to $4,856 with an average price of $2,029.
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 $2,466.
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 $18,797. Today's average rental price for Two Bedrooms here is $3,016.
How expensive are Chicago Three Bedroom Apartments?
There are currently 5,003 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,671 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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.