552 N Lawler Ave
ChicagoIL60644
Cheap Apartments for Rent in the Austin Neighborhood of Chicago, IL from $600 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in the Austin area of Chicago.
156 N Central Ave
ChicagoIL60644
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$890 - $1,180Studio to 1 Bedroom Apartments Available Now
5501 W Washington Blvd Chicago, IL 60644
5501 W Washington BlvdChicago, IL 60644
5907 W Arthington St
ChicagoIL60644
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$1,045 - $1,1651 to 2 Bedroom Apartments Available Now
5957-73 W Madison St 11-17 S Austin Chicago, IL 60644
5957 W Madison StChicago, IL 60644
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1656 N Monitor Ave
ChicagoIL60639
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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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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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Studio to 1 Bedroom Apartments
5125 W Madison St Chicago, IL 60644
5125 W Madison StChicago, IL 60644
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1 to 3 Bedroom Apartments
418-24 S Laramie Ave Chicago, IL 60644
418-424 S Laramie AveChicago, IL 60644
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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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1 to 3 Bedroom Apartments
5952-58 W Superior Chicago, IL 60644
735-749 N Austin BlvdChicago, IL 60644
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1 to 2 Bedroom Apartments
723-25 N Central Ave Chicago, IL 60644
723-725 N Central AveChicago, IL 60644
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Studio to 1 Bedroom Apartments
5836-46 W Madison St Chicago, IL 60644
5836 W Madison StChicago, IL 60644
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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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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 | $921 | $700 | $1,100 |
| Austin 1 Bedroom Apartments | $1,107 | $650 | $1,275 |
| Austin 2 Bedroom Apartments | $2,937 | $1,100 | $10,000+ |
| Austin 3 Bedroom Apartments | $2,228 | $1,300 | $9,558 |
| Austin 4 Bedroom Apartments | $6,173 | $2,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 52 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 1 Bed unit found at 1042 N Leamington Ave priced from $985. 5125 W Madison St Chicago, IL 60644 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,080. Here are the most affordable Austin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1042 N Leamington Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $985 |
| 5125 W Madison St Chicago, IL 60644 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,080 |
| Pine North | 2BR/1.0BA | 2BR,1BA | $1,100 |
| 1145-49 N LeClaire Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,115 |
| 5501 W Washington Blvd Chicago, IL 60644 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,130 |
| 5101 W Monroe St Chicago, IL 60644 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,140 |
| 330 N Pine Ave Chicago, IL 60644 | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1,150 |
| 4815 W Monroe | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1,160 |
| 5957-73 W Madison St 11-17 S Austin Chicago, IL 60644 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,165 |
| 400-08 S Laramie Ave | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $1,165 |
Best Value Apartments for Rent in Austin, IL
As of December 21, 2025 the best value apartment in the Austin area is the $1.24 price per square foot 1731 N Central Ave Model at 1731 N Central Ave, Unit 1 in the in the Austin neighborhood starting from $1,550. The second greatest value Austin apartment is the 4736 W Armitage Ave Model at 4736 W Armitage Ave, Unit 1 starting at $1,950 with a $1.63 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. |
|---|---|---|---|
| 1731 N Central Ave, Unit 1 | 1731 N Central Ave | 2BR,1BA | $1.24 |
| 4736 W Armitage Ave, Unit 1 | 4736 W Armitage Ave | 3BR,1BA | $1.63 |
| 5223-5225 W Washington Blvd | 3 Bed 1 Bath | 3BR,1BA | $1.55 |
| 4814-4820 W Monroe St Chicago, IL 60644 | 2 Bedroom 1 Bath Garden | 2BR,1BA | $1.36 |
| 723-25 N Central Ave Chicago, IL 60644 | 2 Bedroom 2 Bath Apartment | 2BR,2BA | $1.57 |
| Pine North | 2BR/1.0BA | 2BR,1BA | $1.47 |
| 5735 W. Washington Blvd | 2/1.0 | 2BR,1BA | $1.63 |
| 400-08 S Laramie Ave | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $1.57 |
| 5125 W Madison St Chicago, IL 60644 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.61 |
| 1042 N Leamington Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.52 |
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.
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Best 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
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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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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 #78
Among cities in Illinois 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
How much is rent for a Cheap One Bedroom Austin Apartment?
The lowest price for a Cheap One Bedroom Austin Apartment is $985 at 1042 N Leamington Ave.
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 $1,100 at Pine North.
What is the most affordable Austin Three Bedroom Apartment?
The best deal on a cheap Austin Three Bedroom Apartment rental is at 5223-5225 W Washington Blvd and starts from $1,700.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.