
Cheap Apartments for Rent in the Lincoln Square Neighborhood of Chicago, IL from $900 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincoln Square area of Chicago.


5208 N Leavitt St, Unit 2202-2

2202 W Foster Ave, Unit 2

5208 N Leavitt St, Unit 2, Unit 2

5208 N Leavitt St

5208-14 N. Damen / 2000-10 W. Foster

2600 W Berwyn Ave
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.

6101-6115 N Hoyne Ave

1825-1839 W Foster Ave

2103-23 W. Berwyn Ave.

Peterson Plaza

5314 N Damen Ave

2115-2123 W Farragut Ave

2405 W Balmoral Ave
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.

5335 N California Ave

Leavitt Manor Apartments

2047-2049 W Berwyn Ave

3216-3218 W Olive Ave

2420 W Berwyn Ave

5724-26 N Mozart St

Berwyn Campbell Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Lincoln Square, Chicago, IL Local Guide

How much does it cost to rent an apartment in Lincoln Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln Square 1 Bedroom Apartments | $1,698 | $1,575 | $1,750 |
| Lincoln Square 2 Bedroom Apartments | $2,148 | $1,725 | $2,750 |
| Lincoln Square 3 Bedroom Apartments | $2,448 | $2,300 | $2,595 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Lincoln Square Neighborhood of Chicago, IL.
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Best Value Apartments for Rent in Lincoln Square, IL
As of April 28, 2026 the best value apartment in the Lincoln Square area is the $1.62 price per square foot 5505 N Lincoln Ave Model at 5505 N Lincoln Ave, Unit 2S in the in the Lincoln Square neighborhood starting from $2,595. The second greatest value Lincoln Square apartment is the 3223 W Olive Ave Model at 3223 W Olive Ave, Unit Unit #1 starting at $2,300 with a $1.53 price per square foot in the North Park neighborhood. Here is today’s list of the best values for Lincoln Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5505 N Lincoln Ave, Unit 2S | 5505 N Lincoln Ave | 3BR,1BA | $1.62 |
| 3223 W Olive Ave, Unit Unit #1 | 3223 W Olive Ave | 3BR,1BA | $1.53 |
| 2206 W Foster Ave, Unit 3 | 2206 W Foster Ave | 2BR,1BA | $2.48 |
| 5200 N Damen Ave, Unit 3 | 5200 N Damen Ave | 2BR,1BA | $2.20 |
| 5137 N Wolcott Ave, Unit 1 | 5137 N Wolcott Ave | 2BR,1BA | $2.52 |
| 5133 N Wolcott Ave, Unit 1A | 5133 N Wolcott Ave | 1BR,1BA | $1.83 |
| 5131 N Wolcott Ave, Unit 1 | 5131 N Wolcott Ave | 1BR,1BA | $1.83 |
| 5206 N Leavitt St, Unit 2 | 5206 N Leavitt St | 2BR,1BA | $2.35 |
| 5110 N Winchester Ave, Unit 3A | 5110 N Winchester Ave | 2BR,1BA | $2.75 |
| 1744 W Foster Ave, Unit 1M | 1744 W Foster Ave | 2BR,1BA | $16.06 |
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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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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Articles, How-To's, and Tips

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

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

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