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Cheap Apartments for Rent in the Austin Neighborhood of Chicago, IL from $700 (66 Rentals)
Search the lowest-cost Apartments available for rent right now in the Austin area of Chicago.
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$795 - $1,140Studio to 2 Bedroom Apartments Available Now
Washington Plaza
5501 W Washington BlvdChicago, IL 60644
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$800 - $1,020Studio to 1 Bedroom Apartments Contact Us For Availability
5836 W Madison St
5836 W Madison StChicago, IL 60644
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$900 - $1,145Studio to 2 Bedroom Apartments Available Now
5957 W Madison St
5957 W Madison StChicago, IL 60644
5334 W North Ave
ChicagoIL60639
5907 W Arthington St
ChicagoIL60644
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$1,1001 Bedroom Apartment Available Now
4865 W Concord Pl, Unit Basement
4865 W Concord PlChicago, IL 60639
1656 N Monitor Ave
ChicagoIL60639
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$1,155 - $1,175Studio to 2 Bedroom Apartments Available Now
330 N Pine
330 N Pine AveChicago, IL 60644
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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1359 N Central Ave
ChicagoIL60651
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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.
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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$1,1791 Bedroom Apartments Available Dec 31
618-632 S. Austin Blvd.
618-632 S Austin BlvdOak Park, IL 60304
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.
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 | $1,043 | $700 | $1,950 |
| Austin 1 Bedroom Apartments | $1,548 | $800 | $2,550 |
| Austin 2 Bedroom Apartments | $2,409 | $1,160 | $10,000+ |
| Austin 3 Bedroom Apartments | $2,172 | $1,300 | $8,449 |
| Austin 4 Bedroom Apartments | $5,604 | $2,200 | $9,009 |
Browse Apartments in this Neighborhood
There are currently 66 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 $775. 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 | $775 |
| Washington Plaza | Studio Apartment | Studio,1BA | $825 |
| 5957 W Madison St | Studio Apartment | Studio,1BA | $900 |
| 5125 W Madison St | Studio Apartment | Studio,1BA | $900 |
| 4850 W North Ave | N1BR1B01 | 1BR,1BA | $1,100 |
| 5101 W Monroe St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,115 |
| 5236 W Harrison | 1 Bedroom 1 Bath Apartment with dining | 1BR,1BA | $1,120 |
| 5001 W Adams St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,130 |
| 4815 W Monroe St | 1 Bedroom | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Austin, IL
As of November 01, 2025 the best value apartment in the Austin area is the $1.20 price per square foot 219 N Waller Ave Model at 219 N Waller Ave, Unit B-G in the in the Ridgeland neighborhood starting from $1,800. The second greatest value Austin apartment is the 5241 W Washington Blvd Model at 5241 W Washington Blvd, Unit 2nd fl. starting at $1,700 with a $1.13 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. |
|---|---|---|---|
| 219 N Waller Ave, Unit B-G | 219 N Waller Ave | 3BR,1BA | $1.20 |
| 5241 W Washington Blvd, Unit 2nd fl. | 5241 W Washington Blvd | 3BR,1BA | $1.13 |
| 162 N La Crosse Ave, Unit 2nd Fl. | 162 N La Crosse Ave | 2BR,1BA | $1.18 |
| 1731 N Central Ave, Unit 1 | 1731 N Central Ave | 2BR,1BA | $1.24 |
| 158 N Laporte Ave, Unit Second floor | 158 N Laporte Ave | 3BR,1BA | $1.50 |
| 5004 W Armitage Ave, Unit 2F | 5004 W Armitage Ave | 3BR,1BA | $1.50 |
| 4814 W Monroe | 3 Bedroom 1 Bathroom Apartment | 3BR,1BA | $1.17 |
| 238 N Lockwood Ave | 238 N Lockwood Ave | 3BR,1BA | $1.50 |
| 5328 W Harrison | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.56 |
| 4815 W Monroe St | 1 Bedroom | 1BR,1BA | $1.58 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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If you’re an expert on all things Austin, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleAustin, Chicago, IL
Ranked #98
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $775.
How much is rent for a Cheap One Bedroom Austin Apartment?
The lowest price for a Cheap One Bedroom Austin Apartment is $1,045 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 $1,145 at 5957 W Madison St.
What is the most affordable Austin Three Bedroom Apartment?
The best deal on a cheap Austin Three Bedroom Apartment rental is at 4814 W Monroe and starts from $1,345.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.