Cheap Apartments for Rent in the Austin Neighborhood of Chicago, IL from $700 (114 Rentals)

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

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4865 W Concord Pl
$1,100 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,600
Total Monthly Price
$1,100 - $1,600
1 to 2 Bedroom Apartment Available Jul 15

4865 W Concord Pl

4865 W Concord PlChicago, IL 60639
Affordability
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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
  • Utilities Included
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Pine North
Studio to 3 Bedroom Apartments

Pine North

542 N Pine AveChicago, IL 60644
  • Utilities Included
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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
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La Rose Apartments
1 to 3 Bedroom Apartments

La Rose Apartments

5501 W Monroe StChicago, IL 60644
  • Utilities Included

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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300 N Menard Ave
1 to 4 Bedroom Apartments

300 N Menard Ave

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

123 N Central Ave

123 N Central AveChicago, IL 60644
  • Utilities Included
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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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5836 W Madison
Studio to 1 Bedroom Apartments

5836 W Madison

5836 W Madison StChicago, IL 60644
  • Utilities Included
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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
  • Utilities Included
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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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5001 W Adams
Studio to 1 Bedroom Apartments

5001 W Adams

5001 W Adams StChicago, IL 60644
  • Utilities Included

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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4807-11 W Thomas St
Studio to 2 Bedroom Apartments

4807-11 W Thomas St

4807-11 W Thomas StChicago, IL 60651
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723 N Central
1 to 2 Bedroom Apartments

723 N Central

723-725 N Central AveChicago, IL 60644
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Oak Park Apartments
Studio to 3 Bedroom Apartments

Oak Park Apartments

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

729 N Central

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

5952-58 W Superior

5952-5958 W Superior StChicago, IL 60644
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5948 W Superior
Studio to 1 Bedroom Apartments

5948 W Superior

5948 W Superior StChicago, IL 60644

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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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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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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5500 W Van Buren
1 to 2 Bedroom Apartments

5500 W Van Buren

5500 W Van Buren StChicago, IL 60644
  • Utilities Included
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310 N Menard
1 to 4 Bedroom Apartments

310 N Menard

310-316 N MenardChicago, IL 60644

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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Showing Results 1-50, Page 1 of 3

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 $800. Washington Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $890. Here are the most affordable Austin apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Pine North0BR/1.0BAStudio,1BA$800
Washington PlazaStudio ApartmentStudio,1BA$890
5836 W MadisonStudio ApartmentStudio,1BA$895
5957 W MadisonStudio ApartmentStudio,1BA$915
723 N Central1 Bedroom 1 Bath Apartment1BR,1BA$1,055
432-438 N. Austin Blvd.432-438 N. Austin StudioStudio,1BA$1,059
729 N Central1 Bedroom 1 Bath Apartment1BR,1BA$1,070
5024 W Quincy1 Bedroom 1 Bath Apartment1BR,1BA$1,085
5948 W SuperiorStudio ApartmentStudio,1BA$1,100
330 N Pine1 Bedroom 1 Bath Apartment1BR,1BA$1,130

Best Value Apartments for Rent in Austin, IL

As of July 02, 2026 the best value apartment in the Austin area is the $1.35 price per square foot 5100 W Fulton St Model at 5100 W Fulton St, Unit 1 in the in the Austin neighborhood starting from $3,500. The second greatest value Austin apartment is the 5678 W Washington Blvd Model at 5678 W Washington Blvd, Unit #3 starting at $2,400 with a $1.33 price per square foot in the Ridgeland 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.
5100 W Fulton St, Unit 15100 W Fulton St4BR,2BA$1.35
5678 W Washington Blvd, Unit #35678 W Washington Blvd3BR,1BA$1.33
917 N Leamington Ave, Unit 2917 N Leamington Ave3BR,0.5BA$1.03
5236 W Jackson Blvd, Unit 25236 W Jackson Blvd3BR,1BA$1.38
5629 W Washington Blvd, Unit 1105629 W Washington Blvd2BR,1BA$1.69
24-32 Washington Blvd.24 Washington A & 32 Washington B1BR,1BA$1.66
5735 W Washington3/1.03BR,1BA$1.72
5732 W Washington2 Bedroom 1 Bath Apartment2BR,1BA$1.71
5024 W Quincy1 Bedroom 1 Bath Apartment1BR,1BA$1.55
723 N Central1 Bedroom 1 Bath Apartment1BR,1BA$1.56

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

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.

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 $1,275 at 5735 W Washington.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at 5735 W Washington and starts from $1,550.

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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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.

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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.

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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.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

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

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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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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.

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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.

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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.