Cheap Apartments for Rent in the Lincoln Park Neighborhood of Chicago, IL from $800 (77 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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556 W Arlington Pl
$1,550 - $1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $1,595
Total Monthly Price
$1,550 - $1,595
Studio Apartment Available Jul 1

556 W Arlington Pl

556 W Arlington PlChicago, IL 60614
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665 W Wrightwood
$1,695 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $2,250
Total Monthly Price
$1,695 - $2,250
Studio to 1 Bedroom Apartment Available Jul 1

665 W Wrightwood

665 W WrightwoodChicago, IL 60614
Affordability

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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423 W Belden Ave
$1,695 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $1,795
Total Monthly Price
$1,695 - $1,795
Studio Apartment Available Now

423 W Belden Ave

423 W Belden AveChicago, IL 60614
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649 W Deming Pl
$1,750 - $3,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $3,300
Total Monthly Price
$1,750 - $3,300
Studio to 2 Bedroom Apartment Available Jul 1

649 W Deming Pl

649 W Deming PlChicago, IL 60614
Affordability

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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536 W Arlington Pl
Studio to 1 Bedroom Apartments

536 W Arlington Pl

536 W Arlington PlChicago, IL 60614
  • Utilities Included
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536 W. Grant
Studio to 2 Bedroom Apartments

536 W. Grant

536-538 W Grant PlChicago, IL 60614
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The Granada
Studio to 2 Bedroom Apartments

The Granada

525 W Arlington PlChicago, IL 60614
  • Utilities Included
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660 Wrightwood
Studio to 2 Bedroom Apartments

660 Wrightwood

660 W WrightwoodChicago, IL 60614
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2048 N Cleveland Ave
Studio to 1 Bedroom Apartments

2048 N Cleveland Ave

2048 N Cleveland AveChicago, IL 60614
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500 W. Fullerton Parkway
Studio to 2 Bedroom Apartments

500 W. Fullerton Parkway

500-508 W Fullerton PkyChicago, IL 60614
  • Utilities Included
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2046 N. Orleans
Studio Apartments

2046 N. Orleans

2046 N Orleans StChicago, IL 60614
  • Utilities Included

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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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 $1,125. 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$1,125
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,210
530 W. Diversey0BR/1.0BAStudio,1BA$1,335
443 WrightwoodStudioStudio,1BA$1,395
530 W. Arlington Pl.StudioStudio,1BA$1,400
Beachwalk ApartmentsStudio Floor Plan S2Studio,1BA$1,452

Best Value Apartments for Rent in Lincoln Park, IL

As of June 04, 2026 the best value apartment in the Lincoln Park area is the $2.67 price per square foot 2121 N Cleveland Ave Model at 2121 N Cleveland Ave, Unit 3 in the in the Lincoln Park neighborhood starting from $4,000. The second greatest value Lincoln Park apartment is the 2 Bedroom 2 Bath Market Model at Acclaim on North Avenue starting at $2,850 with a $1.91 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.
2121 N Cleveland Ave, Unit 32121 N Cleveland Ave3BR,1BA$2.67
Acclaim on North Avenue2 Bedroom 2 Bath Market2BR,2BA$1.91
569 W Arlington Pl, Unit 2569 W Arlington Pl3BR,1BA$2.54
442 W Belden Ave, Unit A04C442 W Belden Ave1BR,1BA$3.06
656 W Belden Ave2 bedroom 1 bath2BR,1BA$2.47
2756-60 N. Pine Grove1-BR/1BA1BR,1BA$2.46
618 W Wrightwood Ave, Unit 625-202618 W Wrightwood Ave1BR,1BA$2.99
2829 N Clark St, Unit #G2829 N Clark StStudio ,1BA$2.67
245 W North Ave, Unit 108245 W North AveStudio ,0.5BA$2.88
530 W. Diversey0BR/1.0BAStudio ,1BA$2.97

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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Lincoln Park, Chicago, IL

Ranked #26

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.

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 $1,452.

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

The cheapest apartment in Lincoln Park is Parkway Apartments which is listed at $1,331, while the average apartment in Lincoln Park costs $9,999.

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 2 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 $406 which is $9,593 cheaper than the average rent for all rentals in Lincoln Park.

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

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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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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.

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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.

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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

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.