
Homes for Rent in Chicago, IL Under $1,500 (643 Rentals) Page 2 of 13


7636 S Drexel Ave, Unit 2

2010 W Cornelia Ave, Unit Grdn

259 W Alexander St, Unit 2

7043 S East End Ave, Unit 2A

2525 E 72nd Pl

3418 W McLean Ave, Unit Top

1355 E 76th St, Unit 2

5031 N Harding Ave, Unit 1E

917 W Dakin St, Unit 110
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.

1901 S Ruble St

5547 N Central Ave

6100 S Dorchester Ave, Unit 2

1145 W Morse Ave, Unit 310

2849 N Burling St, Unit 403

2827 N Burling St, Unit 303

2827 N Burling St, Unit 303

4455 N Artesian Ave, Unit 15-G

1160 N Dearborn St, Unit #213

1829 W Foster Ave
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

917 W Dakin St, Unit 308

536 W Arlington Pl, Unit 11

536 W Arlington Pl, Unit 116

4537 N Dover St, Unit 3E

2827 N Burling St, Unit 303
4541 N Beacon St, Unit 3D

562 W Arlington Pl, Unit 611

516 W Cornelia Ave, Unit 307

1164 N Dearborn St, Unit 213

536 W Arlington Pl, Unit 116

1164 N Dearborn St, Unit 1164-410

4537 N Dover St, Unit 1A

4543 N Dover St, Unit 2C

4547 N Dover St, Unit 2H

1164 N Dearborn St, Unit 1164-213

4866 N Magnolia Ave, Unit 212

4866 N Magnolia Ave, Unit 207

1717 W North Shore Ave, Unit 1D

1333 W Birchwood Ave, Unit 303

4866 N Magnolia Ave, Unit 208

1333 W Birchwood Ave, Unit 203

1333 W Birchwood Ave, Unit 304

4407 N Wolcott Ave, Unit 2

917 W Dakin St, Unit 3

917 W Dakin St, Unit 1

2827 N Burling St, Unit 3

1164 N Dearborn St, Unit 2

3831 N Fremont St, Unit 5

4547 N Dover St, Unit 4543-2C

1164 N Dearborn St, Unit 213
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 | $2,904 | $950 | $10,000+ |
| Chicago 3 Bedroom Homes for Rent | $3,472 | $1,080 | $10,000+ |
| Chicago 4 Bedroom Homes for Rent | $4,505 | $750 | $10,000+ |
| Chicago 5 Bedroom Homes for Rent | $6,741 | $1,475 | $10,000+ |
| Chicago 6 Bedroom Homes for Rent | $7,431 | $2,200 | $10,000+ |
| Chicago 7 Bedroom Homes for Rent | $6,566 | $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 24278 Apartments for Rent in Chicago, IL with pricing that ranges from $595 to $48,409. There are also 5283 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago ranging from $600 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 $600 to $58,000 with an average monthly rent of $4,801.
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 $883 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,080 to $40,000. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $924.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.