5958 W Fillmore St
ChicagoIL60644
Cheap Homes for Rent in Austin Neighborhood of Chicago, IL from $1,000 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Austin area of Chicago.
5647 W Madison St
ChicagoIL60644
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5457 W Chicago Ave
ChicagoIL60651
5457 W Chicago Ave
ChicagoIL60651
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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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$1,2751 Bedroom Apartments Available Jan 1, 2026
834 N Massasoit Ave
834 N Massasoit AveChicago, IL 60651
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5257 W Lexington St
ChicagoIL60644
5257 W Lexington St
ChicagoIL60644
840 N Massasoit Ave
ChicagoIL60651
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5605 W Wabansia Ave
ChicagoIL60639
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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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 | $1,629 | $1,100 | $2,595 |
| Austin 3 Bedroom Homes for Rent | $2,257 | $1,500 | $4,500 |
| Austin 4 Bedroom Homes for Rent | $2,350 | $2,050 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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
- 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 5501 W Washington Blvd Chicago, IL 60644 priced from $890. 1042 N Leamington Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. Here are the most affordable Austin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5501 W Washington Blvd Chicago, IL 60644 | Studio Apartment | Studio,1BA | $890 |
| 1042 N Leamington Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $985 |
| 500 S Laramie | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,005 |
| 5125 W Madison St Chicago, IL 60644 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,080 |
| 5952-58 W Superior | 1 Bedroom 1 Bath Apartment with dining | 1BR,1BA | $1,090 |
Best Value Apartments for Rent in Austin, IL
As of January 01, 2026 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 |
| 634-640 N Lamon | 2/1.0 | 2BR,1BA | $1.56 |
| 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 |
| 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 ArticleCash 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.
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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Pet Friendly LifestyleAustin, Chicago, IL
Ranked #74
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
Frequently Asked Questions about Austin
What type of rentals are currently available in Austin?
There are currently 546 Apartments for Rent in Austin, IL with pricing that ranges from $890 to $10,861. 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 $1,796.
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 $1,300 to $9,287, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,750.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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!