Cheap Apartments for Rent in the Lincoln Park Neighborhood of Chicago, IL from $800 (124 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lincoln Park area of Chicago.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Lincoln Park, Chicago, IL Local Guide

Cheapest Available Lincoln Park Apartments for Rent

 

The cheapest available apartment rental in the Lincoln Park area of Chicago, IL is a Studio unit found at 424 W. Diversey priced from $1,025. Parkway Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,210. Here are the most affordable Lincoln Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,025
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,210
Park View ApartmentsStudio #210-710Studio,1BA$1,355

Best Value Apartments for Rent in Lincoln Park, IL

As of October 07, 2025 the best value apartment in the Lincoln Park area is the $1.00 price per square foot 454 W Belden Ave Model at 454 W Belden Ave, Unit 09 in the in the Lincoln Park neighborhood starting from $2,595. The second greatest value Lincoln Park apartment is the 2 Bedroom 2 Bath Market Model at Affinity on North Avenue starting at $2,800 with a $2.46 price per square foot in the Lincoln Park neighborhood. Here is today’s list of the best values for Lincoln Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
454 W Belden Ave, Unit 09454 W Belden Ave1BR,1BA$1.00
Affinity on North Avenue2 Bedroom 2 Bath Market2BR,2BA$2.46
713 W. WrightwoodOne Bedroom1BR,1BA$2.16
556 W Arlington Pl, Unit 402556 W Arlington Pl1BR,1BA$2.62
665 W Wrightwood Ave, Unit 215665 W Wrightwood Ave1BR,1BA$2.44
535 W Arlington Pl, Unit A00C535 W Arlington Pl1BR,1BA$2.68
2831 N Burling St, Unit M03B2831 N Burling St1BR,1BA$2.50
515 W Arlington Pl, Unit M07B515 W Arlington PlStudio ,1BA$2.04
2020 N Orleans St, Unit M02B2020 N Orleans StStudio ,1BA$2.25
245 W North Ave, Unit 112245 W North AveStudio ,1BA$2.49

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lincoln Park, Chicago, IL

Ranked #34

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lincoln Park, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including Lincoln Park, Chicago, and the greater Chicago area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and much more. These search options are in the site filters at the top of this page.

Getting Around the Lincoln Park Neighborhood in Chicago, IL

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

92 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

76 / 100

Excellent Transit

Transit is convenient for most trips

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 Lincoln Park Apartments

What is a cheap apartment in Lincoln Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lincoln Park is under $1,355.

What is the price of a cheap apartment in Lincoln Park?

The cheapest apartment in Lincoln Park is Parkway Apartments which is listed at $1,307, while the average apartment in Lincoln Park costs $5,500.

What types of apartments are the cheapest in Lincoln Park?

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 15 regular apartments in Lincoln Park 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 Lincoln Park?

Cheap apartments in Lincoln Park have an average cost of $191 which is $5,309 cheaper than the average rent for all rentals in Lincoln Park.

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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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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.