5958 W Fillmore St
ChicagoIL60644
Cheap Homes for Rent in Austin Neighborhood of Chicago, IL from $1,000 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Austin area of Chicago.
728 N Pine Ave
ChicagoIL60644
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$1,1502 Bedroom Apartments Available Now
12 N Long Ave, Unit 1A
12 N Long AveChicago, IL 60644
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$1,2002 Bedroom Apartments Available Now
5111 W Ferdinand St, Unit 2C
5111 W Ferdinand StChicago, IL 60644
1111 N Leclaire Ave
ChicagoIL60651
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.
42 N Parkside Ave
ChicagoIL60644
320 N Austin Blvd, Unit 320 North Austin #5
320 N Austin Blvd
Oak ParkIL60302
320 N Pine Ave, Unit 403
320 N Pine Ave
ChicagoIL60644
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$1,4002 Bedroom Apartments Available Now
5440 W Huron St, Unit 3
5440 W Huron StChicago, IL 60644
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$1,4503 Bedroom Apartments Available Now
5645-5657 W Washington Blvd, Unit 5647-3
5645-5657 W Washington BlvdChicago, IL 60644
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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$1,4501 Bedroom Apartments Available Jun 1
834 N Massasoit Ave, Unit 1
834 N Massasoit AveChicago, IL 60651
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$1,4503 Bedroom Apartments Available Now
5647 W Washington Blvd, Unit 3
5647 W Washington BlvdChicago, IL 60644
5647 W Washington Blvd
ChicagoIL60644
1121 N Leclaire Ave
ChicagoIL60651
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$1,5002 Bedroom Apartments Available Now
4958 W Crystal St, Unit 1
4958 W Crystal StChicago, IL 60651
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.
8 Adams St
Oak ParkIL60304
5145 W Ferdinand St
ChicagoIL60644
Showing Results 1-17, Page 1 of 1
Austin, Chicago, IL Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin 2 Bedroom Homes for Rent | $2,014 | $1,500 | $2,800 |
| Austin 3 Bedroom Homes for Rent | $1,972 | $1,450 | $2,700 |
| Austin 4 Bedroom Homes for Rent | $2,600 | $2,200 | $3,000 |
| Austin 5 Bedroom Homes for Rent | $3,250 | $2,000 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Austin Neighborhood of Chicago, IL.
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Austin, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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Cheapest Available Austin Apartments for Rent
The cheapest available apartment rental in the Austin area of Chicago, IL is a Studio unit found at Washington Plaza priced from $890. 5957 W Madison has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here are the most affordable Austin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Washington Plaza | Studio Apartment | Studio,1BA | $890 |
| 5957 W Madison | Studio Apartment | Studio,1BA | $915 |
| 330 N Pine | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,095 |
| 5018 W Jackson | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,125 |
| 5001 W Adams | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Austin, IL
As of May 29, 2026 the best value apartment in the Austin area is the $0.66 price per square foot 2Bd/1B - w/ an office Model at 5567 W Van Buren St in the in the Austin neighborhood starting from $1,900. The second greatest value Austin apartment is the 4913 W Erie St Model at 4913 W Erie St, Unit #1 starting at $1,650 with a $0.66 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. |
|---|---|---|---|
| 5567 W Van Buren St | 2Bd/1B - w/ an office | 2BR,1BA | $0.66 |
| 4913 W Erie St, Unit #1 | 4913 W Erie St | 2BR,1BA | $0.66 |
| 328 N Lockwood Ave, Unit 2 | 328 N Lockwood Ave | 3BR,1BA | $0.98 |
| 5678 W Washington Blvd, Unit #3 | 5678 W Washington Blvd | 3BR,1BA | $1.33 |
| 5078 W Adams St, Unit 1 | 5078 W Adams St | 3BR,1BA | $1.33 |
| 4810 W Armitage Ave, Unit 1R | 4810 W Armitage Ave | 2BR,1BA | $1.57 |
| 1228-1230 N. Austin Blvd. | 1230 Austin A | 1BR,1BA | $1.52 |
| 701 N Lotus | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.48 |
| 5100 W Madison | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.48 |
| 310 N Menard | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.57 |
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 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 ArticleReal 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.
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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Best Local Schools in Austin, Chicago, IL
Howe Elementary School
City Of Chicago School District 299
Public School - Grades PK-8 (339)
4 out of 10
Douglass Academy High School
City Of Chicago School District 299
Public School - Grades 9-12 (27)
5 out of 10
McNair School of Excellence
City Of Chicago School District 299
Public School - Grades PK-8 (329)
4 out of 10
School data provided by Great Schools
Frequently Asked Questions about Austin
What type of rentals are currently available in Austin?
There are currently 547 Apartments for Rent in Austin, IL with pricing that ranges from $650 to $11,011. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $1,000 to $4,500.
What is the current price range for Rental Homes in Austin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Austin ranges from $1,000 to $4,500 with an average monthly rent of $2,062.
How much are larger Three and Four Bedroom Rentals in Austin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Austin range from $1,450 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,800.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.