Cheap Homes for Rent in Austin Neighborhood of Chicago, IL from $1,000 (26 Rentals)

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

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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property at 5257 W Lexington St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

5257 W Lexington St

ChicagoIL60644

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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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.

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Showing Results 1-26, Page 1 of 1

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 $775. 5402 W Rice St Chicago, IL 60651 has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Austin apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Pine North0BR/1.0BAStudio,1BA$775
5402 W Rice St Chicago, IL 60651Studio ApartmentStudio,1BA$800
5501 W Washington Blvd Chicago, IL 60644Studio ApartmentStudio,1BA$890
5836-46 W Madison St Chicago, IL 60644Studio ApartmentStudio,1BA$895
5948 W Superior Chicago, IL 60644Studio ApartmentStudio,1BA$905
500 S Laramie1 Bedroom 1 Bath Apartment1BR,1BA$1,005
5957-73 W Madison St 11-17 S Austin Chicago, IL 60644Studio ApartmentStudio,1BA$1,015
5101 W Monroe St Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,050
723-25 N Central Ave Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,055
5735 W Washington Blvd2/1.02BR,1BA$1,100

Best Value Apartments for Rent in Austin, IL

As of February 26, 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 3 Bedroom 1 Bath Apartment Model at 4814-4820 W Monroe St Chicago, IL 60644 starting at $1,400 with a $1.21 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.
1731 N Central Ave, Unit 11731 N Central Ave2BR,1BA$1.24
4814-4820 W Monroe St Chicago, IL 606443 Bedroom 1 Bath Apartment3BR,1BA$1.21
5038 W Washington Blvd, Unit 3115038 W Washington Blvd2BR,1BA$1.53
4872 W Homer St, Unit 1st Floor4872 W Homer St2BR,1BA$1.59
938 N Parkside Ave, Unit Parkside/Augusta 2nd fl938 N Parkside Ave2BR,1BA$1.35
5328 W Harrison St Chicago, IL 606442 Bedroom 1 Bath Apartment2BR,1BA$1.43
4909 W Roosevelt Rd, Unit 1R4909 W Roosevelt Rd2BR,1BA$1.44
5448 W Adams St 119-21 N Lotus Chicago, IL 606442 Bedroom 1 Bath Apartment2BR,1BA$1.48
5735 W Washington Blvd2/1.02BR,1BA$1.47
310 N Menard Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1.60

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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The 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.

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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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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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Quick 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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Best Local Schools in
Austin, Chicago, IL

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 $11,005. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $1,000 to $4,300.

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 $4,300 with an average monthly rent of $1,802.

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 $1,400 to $8,071, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $4,300. 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

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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

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.