
Cheap Homes for Rent in Lincoln Square Neighborhood of Chicago, IL from $1,400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Lincoln Square area of Chicago.


1959 W Foster Ave, Unit 61-G

6119 N Wolcott Ave

2405 W Balmoral Ave

5208 N Leavitt St

2202 W Foster Ave, Unit 2

5208 N Leavitt St, Unit 2202-2
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.

5208 N Leavitt St, Unit 2, Unit 2

5208 N Damen Ave

6049 N Talman Ave

5618 N Artesian Ave

2420 W Berwyn Ave

5915 N Artesian Ave

5224 N Virginia 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.
Lincoln Square, Chicago, IL Local Guide

How much does it cost to rent a home in Lincoln Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln Square 2 Bedroom Homes for Rent | $2,204 | $1,695 | $3,150 |
| Lincoln Square 3 Bedroom Homes for Rent | $2,924 | $2,250 | $3,900 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 14, 2026 the best value apartment in the Lincoln Square area is the $1.60 price per square foot 3223 W Olive Ave Model at 3223 W Olive Ave, Unit Unit #1 in the in the North Park neighborhood starting from $2,400. The second greatest value Lincoln Square apartment is the 2736 W Farragut Ave Model at 2736 W Farragut Ave, Unit 2 starting at $2,350 with a $1.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3223 W Olive Ave, Unit Unit #1 | 3223 W Olive Ave | 3BR,1BA | $1.60 |
| 2736 W Farragut Ave, Unit 2 | 2736 W Farragut Ave | 3BR,1BA | $1.88 |
| 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 |
Frequently Asked Questions about Lincoln Square
What type of rentals are currently available in Lincoln Square?
There are currently 258 Apartments for Rent in Lincoln Square, IL with pricing that ranges from $1,575 to $3,250. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln Square ranging from $1,400 to $3,900.
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 $1,400 to $3,900 with an average monthly rent of $2,239.
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
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.

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.

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.

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.