Cheap Apartments for Rent in the Lincoln Park Neighborhood of Chicago, IL from $800 (152 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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property at 632 W Wrightwood Ave

$1,395 - $1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,450
Total Monthly Price
$1,395 - $1,450

Studio, 1 Bath Condo for Rent

Available Now

632 W Wrightwood Ave

ChicagoIL60614
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556 W Arlington Pl
$1,450 - $1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $1,595
Total Monthly Price
$1,450 - $1,595
Studio Apartment Available Now

556 W Arlington Pl

556 W Arlington PlChicago, IL 60614
Affordability

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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532 W Arlington Pl
$1,450 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $1,475
Total Monthly Price
$1,450 - $1,475
Studio Apartment Available Now

532 W Arlington Pl

532 W Arlington 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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property at 401 W Webster Ave

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

Studio, 1 Bath Condo for Rent

Available May 4

401 W Webster Ave, Unit 507, Unit 507

401 W Webster Ave
ChicagoIL60614

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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property at 625 W Wrightwood Ave

$1,595 - $1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $1,825
Total Monthly Price
$1,595 - $1,825

Studio, 1 Bath Condo for Rent

Available Now

625 W Wrightwood Ave

ChicagoIL60614
property at 818 W Diversey Pky

$1,595 - $1,695

Studio, 1 Bath Condo for Rent

Available Now

818 W Diversey Pky

ChicagoIL60614
property at 2851 N Orchard St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

Studio, 1 Bath Condo for Rent

Available May 1

2851 N Orchard St, Unit #27, Unit #27

2851 N Orchard St
ChicagoIL60657

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Showing Results 1-50, Page 1 of 4

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 1807-09 N. Lincoln Park West priced from $995. 424 W. Diversey has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here are the most affordable Lincoln Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1807-09 N. Lincoln Park WestStudioStudio,1BA$995
424 W. DiverseyStudioStudio,1BA$1,095
Parkway ApartmentsStudio - Tier 2Studio,1BA$1,210
2738 N. Pine Grove0BR/1.0BAStudio,1BA$1,335
530 W. Diversey0BR/1.0BAStudio,1BA$1,355
Beachwalk ApartmentsStudio Floor Plan S1Studio,1BA$1,357
2256 N. Cleveland0BR/1.0BAStudio,1BA$1,395
Park View ApartmentsStudio #210-710Studio,1BA$1,395

Best Value Apartments for Rent in Lincoln Park, IL

As of April 19, 2026 the best value apartment in the Lincoln Park area is the $3.06 price per square foot 442 W Belden Ave Model at 442 W Belden Ave, Unit A04C in the in the Lincoln Park neighborhood starting from $2,750. The second greatest value Lincoln Park apartment is the 545 W Belden Ave Model at 545 W Belden Ave, Unit 1FG starting at $2,450 with a $2.85 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.
442 W Belden Ave, Unit A04C442 W Belden Ave1BR,1BA$3.06
545 W Belden Ave, Unit 1FG545 W Belden Ave1BR,1BA$2.85
2756-60 N. Pine Grove2-BR/1BA2BR,1BA$2.83
430-446 W. Diversey1-BR/1BA1BR,1BA$2.18
665 W Wrightwood, Unit 305665 W Wrightwood1BR,1BA$3.14
665 W Wrightwood, Unit 504665 W Wrightwood1BR,1BA$3.14
555 W Arlington Pl555 W Arlington PlStudio ,1BA$2.92
539 W Arlington, Unit 630-4539 W ArlingtonStudio ,1BA$2.92
2630 N. Hampden Court1-BR/1BA1BR,1BA$3.03
2829 N Clark St, Unit #G2829 N Clark StStudio ,1BA$2.90

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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Pet Friendly Lifestyle
Lincoln Park, Chicago, IL

Ranked #31

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 $1,395.

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 $7,495.

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 12 regular apartments in Lincoln Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.