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5307 W Jackson Blvd
5307 W Jackson BlvdChicago, IL 60644
Cheap Apartments for Rent in the Austin Neighborhood of Chicago, IL from $700 (81 Rentals)
Search the lowest-cost Apartments available for rent right now in the Austin area of Chicago.
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from $825Studio to 2 Bedroom Apartments Available Now
Washington Plaza
5501 W Washington BlvdChicago, IL 60644
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from $895Studio to 2 Bedroom Apartments Available Now
5957 W Madison St
5957 W Madison StChicago, IL 60644
1554 N Latrobe Ave
ChicagoIL60651
5334 W North Ave
ChicagoIL60639
5907 W Arthington St
ChicagoIL60644
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from $1,0001 Bedroom Apartment Available Now
950 N Mayfield Ave, Unit 1N
950 N Mayfield AveChicago, IL 60651
5218 W Crystal St
ChicagoIL60651
5218 W Crystal St
ChicagoIL60651
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
221 S Lotus Ave
ChicagoIL60644
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from $1,2501 Bedroom Apartment Available Now
120 N LeClaire Ave, Unit G
120 N LeClaire AveChicago, IL 60644
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836 N Massasoit Ave
836 N Massasoit AveChicago, IL 60651
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634-640 N Lamon
634 N Lamon AveChicago, IL 60644
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from $1,2752 to 3 Bedroom Apartments Available Now
5735 W. Washington Blvd
5735 W Washington BlvdChicago, IL 60644
5515 W Hirsch St
ChicagoIL60651
1430 N Leamington Ave
ChicagoIL60651
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from $1,4952 Bedroom Apartment Available Now
2007 N Lamon Ave, Unit 1N
2007 N Lamon AveChicago, IL 60639
1028 S Monitor Ave
ChicagoIL60644
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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2 to 3 Bedroom Apartments
159-161 N. Austin Blvd. & 5959-5961 West End Ave
161 N Austin BlvdChicago, IL 60644
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
Austin, Chicago, IL Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin Studio Apartments | $1,820 | $825 | $5,699 |
| Austin 1 Bedroom Apartments | $2,431 | $800 | $7,057 |
| Austin 2 Bedroom Apartments | $3,191 | $1,250 | $10,000+ |
| Austin 3 Bedroom Apartments | $2,526 | $1,500 | $3,495 |
| Austin 4 Bedroom Apartments | $2,700 | $1,850 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 81 rentals with your search options within a 2 mile radius of the Austin Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Austin, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Austin Apartments for Rent
The cheapest available apartment rental in the Austin area of Chicago, IL is a Studio unit found at Pine North priced from $765. Washington Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Austin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pine North | 0BR/1.0BA | Studio,1BA | $765 |
| Washington Plaza | Studio Apartment | Studio,1BA | $825 |
| 5948 W Superior | Studio Apartment | Studio,1BA | $860 |
| 5957 W Madison St | Studio Apartment | Studio,1BA | $895 |
| 5001 W Adams St | Studio Apartment | Studio,1BA | $960 |
| 5732-34 W Washington | 1 Bedroom | 1BR,1BA | $1,105 |
| 4814 W Monroe | 2 Bedroom 1 Bathroom Garden Apartment | 2BR,1BA | $1,155 |
| 130-142 N. Humphrey Ave. | 132-140 N. Humphrey Studio | Studio,1BA | $1,159 |
| 723-25 N Central Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Austin, IL
As of June 16, 2025 the best value apartment in the Austin area is the $0.87 price per square foot 5100 W Fulton St Model at 5100 W Fulton St, Unit 1 in the in the Austin neighborhood starting from $2,250. The second greatest value Austin apartment is the 5547 W Congress Pky Model at 5547 W Congress Pky, Unit 3 Bedroom Apartment starting at $1,535 with a $1.10 price per square foot in the Austin neighborhood. Here is today’s list of the best values for Austin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5100 W Fulton St, Unit 1 | 5100 W Fulton St | 4BR,2BA | $0.87 |
| 5547 W Congress Pky, Unit 3 Bedroom Apartment | 5547 W Congress Pky | 3BR,1BA | $1.10 |
| 2007 N Lamon Ave, Unit 1N | 2007 N Lamon Ave | 2BR,1BA | $1.20 |
| 5100-04 W Madison St | 3 Bedroom 2 Bathroom Apartment | 3BR,2BA | $1.13 |
| 120 N LeClaire Ave, Unit G | 120 N LeClaire Ave | 1BR,1BA | $1.20 |
| 701 N Lotus Ave | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.43 |
| 24-32 Washington Blvd. | 24 Washington A & 32 Washington B | 1BR,1BA | $1.53 |
| 950 N Mayfield Ave, Unit 1N | 950 N Mayfield Ave | 1BR,1BA | $1.18 |
| 4814 W Monroe | 2 Bedroom 1 Bathroom Garden Apartment | 2BR,1BA | $1.44 |
| 5732-34 W Washington | 1 Bedroom | 1BR,1BA | $1.47 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleAustin, Chicago, IL
Ranked #87
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Austin, Chicago, IL
Howe Elementary School
City Of Chicago School District 299
Public School - Grades PK-8 (382)
4 out of 10
Douglass Academy High School
City Of Chicago School District 299
Public School - Grades 9-12 (34)
5 out of 10
McNair School of Excellence
City Of Chicago School District 299
Public School - Grades PK-8 (347)
2 out of 10
School data provided by Great Schools
Getting Around the Austin Neighborhood in Chicago, IL
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
61 / 100
Bikeable
Some bike infrastructure
Transit Score®
64 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Austin Apartments
What is the Cheapest Studio apartment in Austin?
Currently the most affordable Cheap Studio Apartment in Austin is at Pine North listed at $765.
How much is rent for a Cheap One Bedroom Austin Apartment?
The lowest price for a Cheap One Bedroom Austin Apartment is $1,015 at 5957 W Madison St.
What is the lowest price for a Cheap Two Bedroom Austin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Austin is starting from $1,155 at 4814 W Monroe.
What is the most affordable Austin Three Bedroom Apartment?
The best deal on a cheap Austin Three Bedroom Apartment rental is at 5024 W Quincy St and starts from $1,300.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.