Cheap 3 Bedroom Apartments for Rent in the Illinois Medical District Chicago, IL from $1,285 (1 Rental)
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.
Illinois Medical District, Chicago, IL Local Guide

How much does it cost to rent an apartment in Illinois Medical District?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Illinois Medical District Studio Apartments | $2,824 | $2,055 | $5,983 |
Illinois Medical District 1 Bedroom Apartments | $3,596 | $1,400 | $8,942 |
Illinois Medical District 2 Bedroom Apartments | $5,998 | $1,750 | $10,000+ |
Illinois Medical District 3 Bedroom Apartments | $5,237 | $1,285 | $10,000+ |
Illinois Medical District 4 Bedroom Apartments | $1,647 | $1,160 | $10,000+ |
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Illinois Medical District, Chicago, IL Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around the Illinois Medical District Neighborhood in Chicago, IL
Walk Score®
81 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
87 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
69 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Illinois Medical District Apartments
What is a cheap apartment in Illinois Medical District?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Illinois Medical District is under $2,370.
What is the price of a cheap apartment in Illinois Medical District?
The cheapest apartment in Illinois Medical District is 1752 W 18th Pl which is listed at $3,500, while the average apartment in Illinois Medical District costs $4,560.
What types of apartments are the cheapest in Illinois Medical District?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 58 regular apartments in Illinois Medical District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Illinois Medical District?
Cheap apartments in Illinois Medical District have an average cost of $1,103 which is $3,457 cheaper than the average rent for all rentals in Illinois Medical District.
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.

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