Cheap Homes for Rent in Lincoln Park Neighborhood of Chicago, IL from $1,200 (55 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
1940 N. LincolnStudioStudio,1BA$1,388

Best Value Apartments for Rent in Lincoln Park, IL

As of September 15, 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 $2,095 with a $1.40 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$1.40
823 W Webster Ave, Unit 3rd floor823 W Webster Ave3BR,1BA$1.82
555 W Arlington Pl, Unit 505555 W Arlington Pl1BR,1BA$2.55
630 W Wrightwood, Unit 5630 W Wrightwood1BR,1BA$2.71
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
665 W Wrightwood, Unit #660-101665 W WrightwoodStudio ,1BA$2.19
2020 N Orleans St, Unit M02B2020 N Orleans StStudio ,1BA$2.25

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 #35

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

Frequently Asked Questions about Lincoln Park

What type of rentals are currently available in Lincoln Park?

There are currently 604 Apartments for Rent in Lincoln Park, IL with pricing that ranges from $1,025 to $9,495. There are also 198 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln Park ranging from $1,250 to $9,500.

What is the current price range for Rental Homes in Lincoln Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincoln Park ranges from $1,250 to $9,500 with an average monthly rent of $4,941.

How much are larger Three and Four Bedroom Rentals in Lincoln Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lincoln Park range from $2,000 to $8,915, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,850 to $6,800. Four Bedroom Single-Family rentals are also available starting from $5,200 and Four Bedroom Apartments start at $3,000.

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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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.