
Apartments for Rent in Chicago, IL Under $5,500 (6,311 Rentals) Page 6 of 100


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3750 N Racine Ave, Unit #3E

1432 W Farragut Ave, Unit 2A

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1055 W Pratt Blvd, Unit 2A

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651 W Oakdale Ave

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1756 W Montrose Ave, Unit 1

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2331 N Kedzie Blvd, Unit 1

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907 W George St, Unit 2

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3935 N Janssen Ave, Unit 2

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542 W Surf St, Unit 540-3S

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3248 N Clifton Ave, Unit 2

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3941 N Janssen Ave, Unit 2

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3611 N Greenview Ave, Unit 3

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3943 N Janssen Ave, Unit 2

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3523 N Racine Ave, Unit 1

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3519 N Racine Ave, Unit 1

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1129 W Oakdale Ave, Unit 1

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3519 N Racine Ave, Unit 1

1220 N LaSalle

The Apartments at Lincoln Common

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1903 S Blue Island Ave, Unit 2

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3722 N Magnolia Ave, Unit 1

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1520 W Sunnyside Ave, Unit 1WS

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877 W Lill Ave

5468-70 S. Hyde Park Boulevard

Wrigley Flats

Cornelia & Racine

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2032 W Montrose Ave, Unit 3B

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907 W Belmont Ave

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4430 N Maplewood Ave, Unit Maplewood 2

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529 N Racine Ave, Unit 3

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625 W Belmont Ave

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3519 N Racine Ave, Unit W1

1758 W Montrose, Unit 1

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1252 N Greenview Ave, Unit 1525 N Greenview

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1252 N Greenview Ave, Unit 1

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1252 N Greenview Ave, Unit 1F

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3508 N Sheffield Ave, Unit 1

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5313 South Maryland Avenue, Unit Apt 4

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3929 N Janssen Ave, Unit #1N

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3937 N Janssen Ave, Unit 3

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3931 N Janssen Ave, Unit 3

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3939 N Janssen Ave, Unit 2

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3931 N Janssen Ave, Unit 2

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2209 W Eastwood Ave, Unit 3

3933-43 N Janssen

1118-28 E. Hyde Park Blvd.

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3944 N Janssen Ave, Unit 1

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647 Oakdale W Ave

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1118 E Hyde Park Blvd, Unit G1
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 | $595 | $4,840 |
| Chicago 1 Bedroom Apartments Under $5500 | $2,469 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $5500 | $3,020 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $5500 | $3,681 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $5500 | $3,556 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $6,130 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $7,674 | $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 8,303 Studio Apartments in Chicago with rent ranges from $595 to $4,840 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 $2,469.
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 $3,020.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,999 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,681 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.