
Cheap Homes for Rent in Chicago, IL from $400 (1,114 Rentals) Page 8 of 23
Search the lowest-cost Homes available for rent right now in Chicago.

4600 N Beacon St, Unit 3C

540 W Wellington Ave, Unit 207

1850 N Humboldt Blvd, Unit 405

4715 N Sheridan Rd, Unit 11S

457 W Melrose, Unit 413

511 W Melrose St, Unit 311

2700 N Spaulding Ave, Unit 3312-2AA

540 W Wellington Ave, Unit 207

2536 N Sawyer Ave, Unit 214

4700 N Racine Ave, Unit 302

2536 N Sawyer Ave, Unit 213

739 W Belmont Ave, Unit 115

4715 N Sheridan Rd, Unit S12

434 W Wellington Ave, Unit 211

2600 N Kimball Ave, Unit 103

6945 S Calumet Ave, Unit 1N

4752 N Paulina St

12151 S Western Ave

4943 N Monitor Ave

7547 S Union Ave

2000 W Jarvis Ave

7800 S Burnham Ave

2542 W 64th St

8502 S Stony Island Ave

73 E 69th St

642 W 123rd St

6758 S Campbell Ave

4346 S Karlov Ave

7724 S Marshfield Ave, Unit Garden Apt

5144 S Hermitage Ave

7132 S Ingleside Ave

7922 S Marshfield Ave

8229 S Vernon Ave

12863 S Normal Ave

8324 S Baker Ave, Unit 2

1320 W 57th St, Unit 1

7123 S Merrill Ave, Unit 2

8010 S Marshfield Ave, Unit 1

312 E 83rd St, Unit 1

2540 E 78th St

7112 S King Dr

847 Hannah Ave

6412 S Evans Ave

5972 S Archer Ave

6209 S Evans Ave

3024 W 40th St

4345 S Artesian Ave

3527 Central Rd

4915 W Belle Plaine Ave
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 24157 Apartments for Rent in Chicago, IL with pricing that ranges from $600 to $43,181. There are also 5006 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.