Cheap Homes for Rent in Chicago, IL from $600 (1,863 Rentals)

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Chicago, IL Local Guide

Cheapest Neighborhoods for Apartments in Chicago, IL

Pricing Updated: 11/06/2025

Current apartment rentals in the Chicago, IL area range in price from $575 to $77,776 with an overall median price of $5,998. The three Chicago neighborhoods with the lowest median rent pricing are Indiana Harbor at $899, West Calumet at $1,050, and Roxana at $849. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chicago Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Indiana Harbor$1,200$8994
West Calumet$1,225$1,0504
Roxana$1,349$84941
South Deering$1,350$72513
East Side$1,400$1,2009
Roseland$1,400$90015
Far South Chicago$1,450$90029
Pullman$1,450$9008
Marktown$1,450$8997
Brainerd$1,500$1,0509

Cheapest Available Chicago Apartments for Rent

 

The cheapest available apartment rental in Chicago, IL is a Studio unit found at 6246 S. King Dr. in the Washington Park neighborhood priced from $675. 5445 Ingleside By 3L Living in the Hyde Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $698. Here is today’s list of the most affordable Chicago apartments for rent:

Apartment ListingModel NameBed/BathPriced From
6246 S. King Dr.EfficienciesStudio,1BA$675
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$698
5540 Hyde Park by 3L LivingEfficiency Studio - NorthStudio,1BA$699
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
8001-09 S Ellis AveStudio ApartmentStudio,1BA$720
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$726
6104 S Campbell AveStudio ApartmentStudio,1BA$740
808 W 76th StStudio ApartmentStudio,1BA$770
Pine North0BR/1.0BAStudio,1BA$775
5801 S Sacramento Ave0BR/1.0BAStudio,1BA$775

Best Value Apartments for Rent in Chicago, IL

As of November 06, 2025 the best value apartment in the Chicago area is the $0.48 price per square foot 3134 W Carroll Ave Model at 3134 W Carroll Ave, Unit 2 in the in the East Garfield Park neighborhood starting from $4,795. The second greatest value Chicago apartment is the 3134 W Carroll Ave Model at 3134 W Carroll Ave, Unit 2 starting at $4,795 with a $0.48 price per square foot in the East Garfield Park neighborhood. Here is today’s list of the best values for Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3134 W Carroll Ave, Unit 23134 W Carroll Ave6BR,2BA$0.48
3134 W Carroll Ave, Unit 23134 W Carroll Ave6BR,2BA$0.48
10k sqft LiveWork Space w Green/White ScreenManhattan Style Loft3BR,2BA$0.08
1435 N Dearborn St, Unit B41435 N Dearborn St1BR,1BA$0.19
1218 N 20th Ave, Unit Unit 11218 N 20th Ave3BR,2BA$0.36
6107 N Mozart St, Unit 2nd6107 N Mozart St4BR,2BA$0.82
7845 S Kingston Ave, Unit 37845 S Kingston Ave3BR,2BA$0.53
9025 Burlington Ave, Unit 2floor9025 Burlington Ave1BR,1BA$0.76
6810 S Talman Ave, Unit apt16810 S Talman Ave2BR,1BA$0.80
8046 S Maryland Ave, Unit 2nd floor8046 S Maryland Ave2BR,1BA$0.87

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Frequently Asked Questions about Chicago

What type of rentals are currently available in Chicago?

There are currently 24912 Apartments for Rent in Chicago, IL with pricing that ranges from $575 to $77,776. There are also 6251 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago ranging from $620 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 $620 to $58,000 with an average monthly rent of $3,794.

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 $788 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $40,000. Four Bedroom Single-Family rentals are also available starting from $710 and Four Bedroom Apartments start at $1,040.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.