Cheap Apartments for Rent in the Austin Neighborhood of Chicago, IL from $700 (104 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Austin area of Chicago.

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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1001-1005 S Mayfield Ave
Studio to 1 Bedroom Apartments

1001-1005 S Mayfield Ave

1001-1005 S Mayfield AveChicago, IL 60644
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Pine North
Studio to 2 Bedroom Apartments

Pine North

542 N Pine AveChicago, IL 60644
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5402 W Rice St
Studio to 2 Bedroom Apartments

5402 W Rice St

5402 W Rice StChicago, IL 60651
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301-313 N. Austin Blvd.
Studio to 2 Bedroom Apartments

301-313 N. Austin Blvd.

301 N Austin BlvdChicago, IL 60644
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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La Rose Apartments
1 to 3 Bedroom Apartments

La Rose Apartments

5501 W Monroe StChicago, IL 60644
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300 N Menard Ave
1 to 4 Bedroom Apartments

300 N Menard Ave

300 N Menard AveChicago, IL 60644
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123 N Central Ave
Studio to 1 Bedroom Apartments

123 N Central Ave

123 N Central AveChicago, IL 60644
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5125 W Madison
Studio to 1 Bedroom Apartments

5125 W Madison

5125 W Madison StChicago, IL 60644
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5957 W Madison
Studio to 2 Bedroom Apartments

5957 W Madison

5957 W Madison StChicago, IL 60644
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17-19 N Waller Ave
1 to 2 Bedroom Apartments

17-19 N Waller Ave

17-19 N Waller AveChicago, IL 60644
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5948 W Superior
Studio to 1 Bedroom Apartments

5948 W Superior

5948 W Superior StChicago, IL 60644
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330 N Pine
Studio to 4 Bedroom Apartments

330 N Pine

330 N Pine AveChicago, IL 60644

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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5001 W Adams
Studio to 1 Bedroom Apartments

5001 W Adams

5001 W Adams StChicago, IL 60644
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4850 W North Ave
Studio to 3 Bedroom Apartments

4850 W North Ave

4850 W North AveChicago, IL 60639
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1145 N Austin
Studio to 2 Bedroom Apartments

1145 N Austin

1145 N Austin BlvdChicago, IL 60651
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1042 N Leamington
Studio to 3 Bedroom Apartments

1042 N Leamington

1042-1048 N Leamington AveChicago, IL 60651
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Oak Park Apartments
Studio to 3 Bedroom Apartments

Oak Park Apartments

5959 W West End AveChicago, IL 60644
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729 N Central
1 to 2 Bedroom Apartments

729 N Central

729 N Central AveChicago, IL 60644
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5952-58 W Superior
Studio to 2 Bedroom Apartments

5952-58 W Superior

5952-5958 W Superior StChicago, IL 60644

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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5100 W Madison
1 to 3 Bedroom Apartments

5100 W Madison

5100-5104 W Madison StChicago, IL 60644
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320 N Mason Ave
Studio to 1 Bedroom Apartments

320 N Mason Ave

320 N Mason AveChicago, IL 60644
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5018 W Jackson
1 Bedroom Apartments

5018 W Jackson

5018 W Jackson BlvdChicago, IL 60644
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5952 W Superior
Studio to 3 Bedroom Apartments

5952 W Superior

735-749 N Austin BlvdChicago, IL 60644
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5040 W Quincy St
1 to 3 Bedroom Apartments

5040 W Quincy St

5040 W Quincy StChicago, IL 60644
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5101 W Monroe
1 to 4 Bedroom Apartments

5101 W Monroe

5101-5103 W Monroe StChicago, IL 60644
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5011 W Maypole
1 to 2 Bedroom Apartments

5011 W Maypole

5011-5015 W Maypole AveChicago, IL 60644
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5024 W Quincy
1 to 3 Bedroom Apartments

5024 W Quincy

5024-5028 W Quincy StChicago, IL 60644
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4815 W Monroe
1 to 4 Bedroom Apartments

4815 W Monroe

4815 W Monroe StChicago, IL 60644
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Austin, Chicago, IL Local Guide

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 $795. 5836 W Madison has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Austin apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Pine North0BR/1.0BAStudio,1BA$795
5836 W MadisonStudio ApartmentStudio,1BA$895
5948 W SuperiorStudio ApartmentStudio,1BA$935
5001 W AdamsStudio ApartmentStudio,1BA$960
4850 W North AveNSTUDIO1Studio,1BA$990
567 N Pine Ave2B1BR,1BA$1,000
1145 N AustinStudio ApartmentStudio,1BA$1,015
432-438 N. Austin Blvd.432-438 N. Austin StudioStudio,1BA$1,059
5024 W Quincy1 Bedroom 1 Bath Apartment1BR,1BA$1,155
418 S Laramie2 Bedroom 1 Bath Apartment with Dining2BR,1BA$1,205

Best Value Apartments for Rent in Austin, IL

As of August 17, 2026 the best value apartment in the Austin area is the $0.59 price per square foot 5226 W Crystal St Model at 5226 W Crystal St, Unit 2 in the in the Austin neighborhood starting from $2,200. The second greatest value Austin apartment is the 1706 N Mayfield Ave Model at 1706 N Mayfield Ave, Unit 2 starting at $1,550 with a $0.86 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 ListingModel NameBed/BathPrice Per Sq.Ft.
5226 W Crystal St, Unit 25226 W Crystal St3BR,1BA$0.59
1706 N Mayfield Ave, Unit 21706 N Mayfield Ave3BR,1BA$0.86
654 N Pine4 Bedroom 1.5 Bath Apartment4BR,1.5BA$1.20
5100 W Madison3 Bedroom 2 Bath Apartment with Dining3BR,2BA$1.18
5223-5225 W Washington Blvd2 Bed 1 Bath2BR,1BA$1.36
1056 N Parkside Ave, Unit G Unit1056 N Parkside Ave3BR,1BA$1.23
1056 N Central Ave, Unit 21056 N Central Ave3BR,1BA$1.57
1717 N Lotus Ave, Unit Basement1717 N Lotus Ave2BR,1BA$1.56
418 S Laramie2 Bedroom 1 Bath Apartment with Dining2BR,1BA$1.59
567 N Pine Ave2B1BR,1BA$1.43

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

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A 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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Best Local Schools in
Austin, Chicago, IL

School data provided by Great Schools

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 $795.

How much is rent for a Cheap One Bedroom Austin Apartment?

The lowest price for a Cheap One Bedroom Austin Apartment is $1,000 at 567 N Pine 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 $1,200 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 5100 W Madison and starts from $1,355.

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

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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