Cheap Apartments for Rent in the Lincoln Park Neighborhood of Chicago, IL from $800 (92 Rentals)

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

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The Stanley
Studio to 1 Bedroom Apartments

The Stanley

2827 N BurlingChicago, IL 60657
  • Utilities Included
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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

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.

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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 13Studio,1BA$1,210
Beachwalk ApartmentsStudio Floor Plan S1Studio,1BA$1,248
2738 N. Pine Grove0BR/1.0BAStudio,1BA$1,335
443 WrightwoodStudioStudio,1BA$1,425
1940 N. LincolnStudioStudio,1BA$1,428

Best Value Apartments for Rent in Lincoln Park, IL

As of January 08, 2026 the best value apartment in the Lincoln Park area is the $1.86 price per square foot 1722 N Mohawk St Model at 1722 N Mohawk St, Unit 1R in the in the Lincoln Park neighborhood starting from $2,600. The second greatest value Lincoln Park apartment is the 2 Bedroom 2 Bath Market Model at Acclaim 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.
1722 N Mohawk St, Unit 1R1722 N Mohawk St2BR,1BA$1.86
Acclaim on North Avenue2 Bedroom 2 Bath Market2BR,2BA$2.46
823 W Webster Ave, Unit 3rd floor823 W Webster Ave3BR,1BA$1.82
630 W Wrightwood, Unit 5630 W Wrightwood1BR,1BA$2.59
2235 N Halsted St, Unit 2 F2235 N Halsted St1BR,1BA$2.50
665 W Wrightwood, Unit 215665 W Wrightwood1BR,1BA$2.31
607 W Wrightwood Ave, Unit 2607 W Wrightwood Ave1BR,1BA$2.24
639 W Wrightwood Ave, Unit #412639 W Wrightwood Ave1BR,1BA$2.56
2325 N Commonwealth Ave, Unit S2325 N Commonwealth AveStudio ,1BA$2.00
451 W. Wrightwood1 Bedroom / 1 Bathroom1BR,1BA$2.61

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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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.

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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 $1,428.

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 $5,800.

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 7 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 $384 which is $5,416 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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Written by: Justin Habersaat

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!