6115 S Drexel Ave
ChicagoIL60637
Cheap Homes for Rent in Chicago, IL from $600 (1,543 Rentals)
Search the lowest-cost Homes available for rent right now in Chicago.
5252 S Drexel Ave
ChicagoIL60615
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$7203 Bedroom Apartments Available Now
3850 N Newcastle Ave
3850 N Newcastle AveChicago, IL 60634
5540 S Hyde Park Blvd, Unit 725
5540 S Hyde Park Blvd
ChicagoIL60637
7839 S Loomis Blvd
ChicagoIL60620
6949 S Paxton Ave
ChicagoIL60649
Room in Shared 3 bed/1 bath home
1841 N Mozart St
ChicagoIL60647
243 Dalewood Ave
Wood DaleIL60191
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$8001 Bedroom Apartments Available Now
2724 S Crowell St
2724 S Crowell StChicago, IL 60608
Room in Shared 4 bed/2 bath home
3308 W Armitage Ave
ChicagoIL60647
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.
Room in Shared 3 bed/2 bath home
20 S Seeley Ave
ChicagoIL60612
7634 S Aberdeen St
ChicagoIL60620
3708 Ivy St
East ChicagoIN46312
708 S Oakley Blvd, Unit 1
708 S Oakley Blvd
ChicagoIL60612
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$8501 Bedroom Apartments Available Now
7353 S Kenwood Ave
7353 S Kenwood AveChicago, IL 60619
Room in Shared 3 bed/1 bath home
2527 W Division St
ChicagoIL60622
2309 119th St, Unit 4
2309 119th St
Blue IslandIL60406
Room in Shared 3 bed/1 bath home
2527 W Division St
ChicagoIL60622
Room in Shared 3 bed/2 bath home
1945 W Cermak Rd
ChicagoIL60608
1934 E 74th St
ChicagoIL60649
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.
1934 E 74th St
ChicagoIL60649
5716 Calumet Ave, Unit 4
5716 Calumet Ave
HammondIN46320
1934 E 74th St
ChicagoIL60649
10801 S Indiana Ave
ChicagoIL60628
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$9001 Bedroom Apartments Available Now
1136 W 84th St
1136 W 84th StChicago, IL 60620
8409 W Roseview Dr
NilesIL60714
Room in Shared 4 bed/2 bath home
2252 N Lawndale Ave
ChicagoIL60647
Room in Shared 4 bed/2 bath home
2252 N Lawndale Ave
ChicagoIL60647
Room in Shared 4 bed/2 bath home
3743 N Albany Ave
ChicagoIL60618
7720 S Marquette Ave
ChicagoIL60649
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!
914 Sherman Ave
EvanstonIL60202
Room in Shared 3 bed/1.5 bath home
2430 N Spaulding Ave
ChicagoIL60647
Room in Shared 3 bed/1 bath home
1841 N Mozart St
ChicagoIL60647
Room in Shared 4 bed/2 bath home
3020 N Sawyer Ave
ChicagoIL60618
Room in Shared 4 bed/2.5 bath home
1928 S Young Park Way
ChicagoIL60616
3121 N Hamlin Ave
ChicagoIL60618
3156 W Warren Blvd
ChicagoIL60612
35 Ruth St
HammondIN46320
Room in Shared 4 bed/2 bath home
2252 N Lawndale Ave
ChicagoIL60647
Room in Shared 5 bed/3 bath home
1119 S Loomis St
ChicagoIL60607
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.
Room in Shared 3 bed/1 bath home
1223 W Gunnison St
ChicagoIL60640
Room in Shared 3 bed/1 bath home
1841 N Mozart St
ChicagoIL60647
Room in Shared 3 bed/1 bath home
1841 N Mozart St
ChicagoIL60647
Room in Shared 3 bed/1 bath home
1841 N Mozart St
ChicagoIL60647
8549 Niles Center Rd, Unit GN
8549 Niles Center Rd
SkokieIL60077
8320 S Muskegon Ave
ChicagoIL60617
Room in Shared 4 bed/3.5 bath home
2122 S Hoyne Ave
ChicagoIL60608
Room in Shared 5 bed/3 bath home
1119 S Loomis St
ChicagoIL60607
3121 N Hamlin Ave
ChicagoIL60618
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$985Studio Apartments Available Now
135 E 103rd St
135 E 103rd StChicago, IL 60628
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Chicago, IL Local Guide
How much does it cost to rent a home in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago 2 Bedroom Homes for Rent | $2,788 | $795 | $10,000+ |
| Chicago 3 Bedroom Homes for Rent | $3,292 | $800 | $10,000+ |
| Chicago 4 Bedroom Homes for Rent | $4,220 | $825 | $10,000+ |
| Chicago 5 Bedroom Homes for Rent | $5,196 | $895 | $10,000+ |
| Chicago 6 Bedroom Homes for Rent | $9,283 | $2,880 | $10,000+ |
| Chicago 7 Bedroom Homes for Rent | $11,233 | $4,700 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Chicago, IL Local Guide
- Chicago Neighborhoods
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Cheapest Neighborhoods for Apartments in Chicago, IL
Pricing Updated: 03/07/2026Current apartment rentals in the Chicago, IL area range in price from $200 to $77,776 with an overall median price of $6,892. The three Chicago neighborhoods with the lowest median rent pricing are Brinkmans at $839, Edgewood at $839, and Village Green at $839. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chicago Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Brinkmans | $1,159 | $839 | 13 |
| Edgewood | $1,159 | $839 | 13 |
| Village Green | $1,159 | $839 | 13 |
| Brainerd | $1,250 | $895 | 6 |
| Indiana Harbor | $1,350 | $850 | 2 |
| West Calumet | $1,350 | $727 | 2 |
| Roxana | $1,379 | $727 | 22 |
| Gage Park | $1,447 | $1,190 | 3 |
| Downtown Michigan City | $1,447 | $839 | 20 |
| Trail Creek | $1,447 | $839 | 20 |
Cheapest Available Chicago Apartments for Rent
The cheapest available apartment rental in Chicago, IL is a 4 Beds unit found at Coleman Place At Legends South in the Armour Square neighborhood priced from $170. West Haven Park II - B in the Little Italy neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $192. Here is today’s list of the most affordable Chicago apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Coleman Place At Legends South | The Wells | 4BR,2BA | $170 |
| West Haven Park II - B | 3 Bedroom | 3BR,1BA | $192 |
| Westhaven Park II - A | 3 Bedroom | 3BR,1BA | $239 |
| 5445 Ingleside By 3L Living | Large Co-Living Single Room | Studio,1BA | $600 |
| 6246 S. King Dr. | Efficiencies | Studio,1BA | $675 |
| 5540 Hyde Park by 3L Living | Efficiency Studio - North | Studio,1BA | $688 |
| 5748 Blackstone By 3L Living | No Kitchenette with Shared Bathroom | Studio,1BA | $688 |
| Highlands Tudor Manor - 55+ Community | Studio | Studio,1BA | $700 |
Best Value Apartments for Rent in Chicago, IL
As of March 07, 2026 the best value apartment in the Chicago area is the $0.18 price per square foot 3600 W Sunnyside Ave Model at 3600 W Sunnyside Ave, Unit 2 in the in the Albany Park neighborhood starting from $1,775. The second greatest value Chicago apartment is the 624 S Oakley Blvd Model at 624 S Oakley Blvd, Unit # 02 starting at $2,250 with a $0.23 price per square foot in the Near West Side neighborhood. Here is today’s list of the best values for Chicago apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3600 W Sunnyside Ave, Unit 2 | 3600 W Sunnyside Ave | 2BR,1BA | $0.18 |
| 624 S Oakley Blvd, Unit # 02 | 624 S Oakley Blvd | 3BR,2BA | $0.23 |
| 2253 W 19th St, Unit #3 | 2253 W 19th St | 3BR,2BA | $0.23 |
| 1553 W Hollywood Ave, Unit 314 | 1553 W Hollywood Ave | 2BR,1BA | $0.24 |
| 7212 N Paulina St, Unit 1W | 7212 N Paulina St | 3BR,2BA | $0.26 |
| 3853 W Palmer St, Unit # 02W | 3853 W Palmer St | 3BR,1BA | $0.27 |
| 1117 Foster St | 1117 Foster St | 6BR,3BA | $0.30 |
| Westhaven Park II - A | 3 Bedroom | 3BR,1BA | $0.15 |
| 3616 W Lexington St, Unit 2 | 3616 W Lexington St | 1BR,1BA | $0.59 |
| Coleman Place At Legends South | The Burnham | 1BR,1BA | $0.22 |
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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Explore Chicago, IL Rentals by Map
See the most popular apartments and homes in Chicago, IL
Frequently Asked Questions about Chicago
What type of rentals are currently available in Chicago?
There are currently 24626 Apartments for Rent in Chicago, IL with pricing that ranges from $550 to $77,776. There are also 5675 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago ranging from $625 to $58,000.
What is the current price range for Rental Homes in Chicago?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chicago ranges from $625 to $58,000 with an average monthly rent of $4,979.
How much are larger Three and Four Bedroom Rentals in Chicago?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Chicago range from $755 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $40,000. Four Bedroom Single-Family rentals are also available starting from $825 and Four Bedroom Apartments start at $1,040.
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
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.
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.
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.
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.