
Cheap Homes for Rent in Lincoln Square Neighborhood of Chicago, IL from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Lincoln Square area of Chicago.


5534 N Artesian Ave, Unit 6H

1825 W Foster Ave, Unit 1827-1

1829 W Foster Ave

6106 N Damen 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.

2420 W Berwyn Ave

5137 N Wolcott Ave, Unit 3

5137 N Wolcott Ave, Unit 5131-3

5131 N Wolcott Ave, Unit 3

2542 W Summerdale Ave, Unit 2542-3R
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.

2542 W Summerdale Ave, Unit 3
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 | $2,203 | $1,995 | $3,200 |
| Lincoln Square 3 Bedroom Homes for Rent | $2,568 | $2,300 | $2,975 |
| Lincoln Square 4 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Lincoln Square Neighborhood of Chicago, IL.
Explore Chicago
Cheapest Available Lincoln Square Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Catalpa 2507 W | 2B 2509 | 2BR,1BA | $1,925 |
Best Value Apartments for Rent in Lincoln Square, IL
As of June 07, 2026 the best value apartment in the Lincoln Square area is the $2.67 price per square foot 5937 N Fairfield Ave Model at 5937 N Fairfield Ave in the in the Lincoln Square neighborhood starting from $3,200. The second greatest value Lincoln Square apartment is the 2B 2509 Model at Catalpa 2507 W starting at $1,925 with a $1.93 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. |
|---|---|---|---|
| 5937 N Fairfield Ave | 5937 N Fairfield Ave | 3BR,3BA | $2.67 |
| Catalpa 2507 W | 2B 2509 | 2BR,1BA | $1.93 |
| 5137 N Wolcott Ave, Unit 1 | 5137 N Wolcott Ave | 2BR,1BA | $2.68 |
| 5131 N Wolcott Ave, Unit 3 | 5131 N Wolcott Ave | 1BR,1BA | $1.83 |
| 5435 N Artesian Ave, Unit 1W | 5435 N Artesian Ave | 2BR,1BA | $2.33 |
| 5137 N Wolcott Ave | 5137 N Wolcott Ave | 1BR,1BA | $2.19 |
| 2703 W Ardmore Ave, Unit Basement | 2703 W Ardmore Ave | 2BR,1BA | $1.94 |
| 5110 N Winchester Ave, Unit 3A | 5110 N Winchester Ave | 2BR,1BA | $2.75 |
Frequently Asked Questions about Lincoln Square
What type of rentals are currently available in Lincoln Square?
There are currently 261 Apartments for Rent in Lincoln Square, IL with pricing that ranges from $1,525 to $3,200. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln Square ranging from $1,250 to $3,600.
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 $1,250 to $3,600 with an average monthly rent of $2,325.
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
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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
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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
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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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.