Cheap Homes for Rent in Lincoln Park Neighborhood of Chicago, IL from $1,200 (70 Rentals)

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

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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 $1,095. Parkway Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Lincoln Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,095
Parkway ApartmentsStudio - Tier 9Studio,1BA$1,200
2738 N. Pine Grove11 Higher FloorStudio,1BA$1,295
1939 N. LincolnStudioStudio,1BA$1,325
Beachwalk ApartmentsStudio Floor Plan S2Studio,1BA$1,331
629 W. DemingStudioStudio,1BA$1,345
1940 N. LincolnStudioStudio,1BA$1,373

Best Value Apartments for Rent in Lincoln Park, IL

As of July 30, 2025 the best value apartment in the Lincoln Park area is the $2.40 price per square foot 407 W North Ave Model at 407 W North Ave, Unit 5E in the in the Lincoln Park neighborhood starting from $4,500. The second greatest value Lincoln Park apartment is the 2457 N Orchard St Model at 2457 N Orchard St, Unit 1 starting at $3,400 with a $2.83 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.
407 W North Ave, Unit 5E407 W North Ave3BR,2BA$2.40
2457 N Orchard St, Unit 12457 N Orchard St2BR,1BA$2.83
1800 North HalstedTwo Bedroom - 3A2BR,1.5BA$2.95
2533 N Orchard St, Unit GRDN2533 N Orchard St2BR,1BA$2.56
715 W Diversey Pky, Unit 2715 W Diversey Pky1BR,1BA$2.35
2831 N Burling St, Unit M03B2831 N Burling St1BR,1BA$2.50
515 W Arlington Pl, Unit M07B515 W Arlington PlStudio ,1BA$2.04
535 W Arlington Pl, Unit #536-218535 W Arlington Pl1BR,1BA$2.76
2020 N Orleans St, Unit M02B2020 N Orleans StStudio ,1BA$2.25
245 W North Ave, Unit 112245 W North AveStudio ,1BA$2.68

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Frequently Asked Questions about Lincoln Park

What type of rentals are currently available in Lincoln Park?

There are currently 581 Apartments for Rent in Lincoln Park, IL with pricing that ranges from $950 to $22,176. There are also 228 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln Park ranging from $1,250 to $17,000.

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 $17,000 with an average monthly rent of $5,439.

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 $11,820, 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 $3,750.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.