
Cheap Homes for Rent in Chicago, IL from $400 (1,136 Rentals) Page 3 of 23
Search the lowest-cost Homes available for rent right now in Chicago.


11219 S King Dr

211 S Campbell Ave

6833 S Merrill Ave

5743 S Kenton Ave

3149 W 42nd Pl

725 W 69th St

4526 N Sheridan Rd, Unit 615

1135 W Lunt Ave, Unit 101

2420 W Marquette Rd, Unit N3
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.

4616 W Jackson Blvd, Unit 4616 w Jackson Garden

7806 S Throop St

10500 Lyman Ave

7147 S Constance Ave, Unit 2E

7809 S Marshfield Ave, Unit 1

2211 E 69th St, Unit G

3824 N Fremont St, Unit 415

1421 W Farwell Ave, Unit 309

1421 W Farwell Ave, Unit 305

1421 W Farwell Ave, Unit 207
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.

6250 N Kenmore Ave

1333 W Birchwood Ave, Unit 100

2712 N Milwaukee Ave

6601 S Green St

4802 S Winchester Ave

3148 S Harlem Ave

4038 W Dickens Ave

2409 S Spaulding Ave

8426 S Brandon Ave

8900 S Langley Ave
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.

7337 S South Shore Dr, Unit 1421

71 E 69th St

1133 E 81st St

1022 W 77th St

6949 S Justine St, Unit 1

6529 S Kimbark Ave, Unit 2R

2706 S St Louis Ave

6125 S Champlain Ave, Unit G

15020 Woodlawn Ave E

1244 50th Ct
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.

6529 S Kimbark Ave

4747 N Monticello Ave

5310 N Chester Ave

9036 S Dauphin Ave

4812 S Elizabeth St

948 W Cuyler Ave, Unit 4

948 W Cuyler Ave, Unit 113

948 W Cuyler Ave, Unit 304

948 W Cuyler Ave, Unit 209

348-58 W 74Th St, Unit 354-3E
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 | $2,810 | $550 | $10,000+ |
| Chicago 3 Bedroom Homes for Rent | $3,519 | $700 | $10,000+ |
| Chicago 4 Bedroom Homes for Rent | $3,943 | $1,350 | $10,000+ |
| Chicago 5 Bedroom Homes for Rent | $6,741 | $2,200 | $10,000+ |
| Chicago 6 Bedroom Homes for Rent | $5,381 | $2,500 | $10,000+ |
| Chicago 7 Bedroom Homes for Rent | $5,610 | $3,300 | $10,000+ |
Browse Top Homes for Rent in Chicago
Explore Chicago
Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big city challenges with traffic but also provides the amenities of the city you can't find elsewhere
Frequently Asked Questions about Chicago
What type of rentals are currently available in Chicago?
There are currently 24181 Apartments for Rent in Chicago, IL with pricing that ranges from $600 to $43,181. There are also 4920 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago ranging from $400 to $40,000.
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 $400 to $40,000 with an average monthly rent of $2,792.
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 $695 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $40,000. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,025.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.