Cheap Homes for Rent in the Lincoln Square Neighborhood of Chicago, IL from $1,500 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2244 W Farragut Ave
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
2 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

2244 W Farragut Ave, Unit 1

2244 W Farragut Ave
ChicagoIL60625

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

property at 5137 N Wolcott Ave
$1,735

Total Monthly Price

Base Rent$1,735

Total Monthly Price$1,735
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

5137 N Wolcott Ave, Unit 3

5137 N Wolcott Ave
ChicagoIL60640

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Cheapest Available Lincoln Square Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Emaret at Lincoln SquareUnrenovated2BR,1BA$1,995

Best Value Apartments for Rent in Lincoln Square, IL

As of September 08, 2026 the best value apartment in the Lincoln Square area is the $1.53 price per square foot 2930 W Berwyn Ave Model at 2930 W Berwyn Ave, Unit 2 in the in the Lincoln Square neighborhood starting from $2,600. The second greatest value Lincoln Square apartment is the 5706 N Maplewood Ave Model at 5706 N Maplewood Ave, Unit 1 starting at $2,099 with a $1.61 price per square foot in the Lincoln Square neighborhood. Here is today’s list of the best values for Lincoln Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2930 W Berwyn Ave, Unit 22930 W Berwyn Ave3BR,2BA$1.53
5706 N Maplewood Ave, Unit 15706 N Maplewood Ave3BR,1BA$1.61
2553 W Summerdale Ave2 Bed 1 Bath2BR,1BA$2.08
Emaret at Lincoln SquareRenovated2BR,1BA$2.20
5816 N Rockwell St, Unit 2nd Floor5816 N Rockwell St2BR,1BA$1.73
5435 N Artesian Ave5435 N Artesian Ave2BR,1BA$2.33
2623 W Berwyn Ave, Unit 22623 W Berwyn Ave2BR,1BA$2.55
2008 W Foster Ave, Unit 12008 W Foster Ave2BR,1BA$2.59
5206 N Leavitt St5206 N Leavitt St2BR,1BA$2.47
5131 N Wolcott Ave, Unit 35131 N Wolcott Ave2BR,1BA$2.62

Frequently Asked Questions about Lincoln Square

What type of rentals are currently available in Lincoln Square?

There are currently 262 Apartments for Rent in Lincoln Square, IL with pricing that ranges from $1,200 to $2,850. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln Square ranging from $1,500 to $4,750.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincoln Square ranges from $1,500 to $4,750 with an average monthly rent of $2,143.

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

decorative image for The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago article

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

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

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.