Cheap Apartments for Rent in the Little Italy Neighborhood of Chicago, IL from $700 (44 Rentals)

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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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1809 S Carpenter St
Studio Apartments

1809 S Carpenter St

1809 S Carpenter StChicago, IL 60608
  • Utilities Included
  • Smoke Free

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

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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1810 S Throop St
1 to 2 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included
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561 W 18th St
1 Bedroom Apartments

561 W 18th St

561 W 18th StChicago, IL 60616
Student Housing
  • Utilities Included
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1206-1208 W Lexington St
2 to 3 Bedroom Apartments

1206-1208 W Lexington St

1206-1208 W Lexington StChicago, IL 60607
  • Utilities Included
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Harris Point Chicago
Studio to 4 Bedroom Apartments

Harris Point Chicago

1404 W Taylor StChicago, IL 60607
Student Housing
  • Utilities Included
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Illume
Studio to 3 Bedroom Apartments

Illume

111 S Peoria StChicago, IL 60607
Furnished
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R+D659
Studio to 4 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
  • Smoke Free
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1603 S Wood St
1 to 3 Bedroom Apartments

1603 S Wood St

1603 S Wood StChicago, IL 60608

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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1413 W Taylor St
3 Bedroom Apartments

1413 W Taylor St

1413 W Taylor StChicago, IL 60607
  • Utilities Included
  • Smoke Free
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Lexington 90
1 to 2 Bedroom Apartments

Lexington 90

1409 W Lexington StChicago, IL 60607
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1507 W Taylor St
2 Bedroom Apartments

1507 W Taylor St

1507 W Taylor StChicago, IL 60607
  • Utilities Included
  • Smoke Free
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1449-1453 W Flournoy St
Studio to 3 Bedroom Apartments

1449-1453 W Flournoy St

1449-1453 W Flournoy StChicago, IL 60607
Student Housing
  • Utilities Included
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Warren Apartments
Studio to 1 Bedroom Apartments

Warren Apartments

1533 W Warren AveChicago, IL 60607
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Harris Point Chicago
1 to 4 Bedroom Apartments

Harris Point Chicago

725 S Loomis StChicago, IL 60607
Student Housing
  • Utilities Included
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1435 W Lexington St
2 Bedroom Apartments

1435 W Lexington St

1435 W Lexington StChicago, IL 60607
  • Utilities Included

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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1621 S Carpenter St
1 to 3 Bedroom Apartments

1621 S Carpenter St

1621 S Carpenter StChicago, IL 60608
  • Utilities Included
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Lake Street Lofts
1 to 2 Bedroom Apartments

Lake Street Lofts

910 W Lake StChicago, IL 60607
Corporate Housing
  • Utilities Included
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Harris Point Chicago
2 Bedroom Apartments

Harris Point Chicago

910 S Loomis StChicago, IL 60607
Student Housing
  • Utilities Included
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Harris Point Chicago
1 to 2 Bedroom Apartments

Harris Point Chicago

909 S Laflin StChicago, IL 60607
Student Housing
  • Utilities Included
  • Smoke Free

Little Italy, Chicago, IL Local Guide

Cheapest Available Little Italy Apartments for Rent

 

The cheapest available apartment rental in the Little Italy area of Chicago, IL is a 4 Beds unit found at Addams Coliving priced from $1,190. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here are the most affordable Little Italy apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Addams ColivingUnit 3164BR,3BA$1,190
768 W. JacksonStudioStudio,1BA$1,395
Presidential TowersSTUDIO FIVEStudio,1BA$1,600
The DuncanM-A21 - 100% AMI AROStudio,1BA$1,750
The RosieB1Studio,1BA$1,755
Scio at the Medical DistrictStudio A1Studio,1BA$1,908
Sage West LoopX12Studio,1BA$1,934
Atrio ApartmentsS1 (11 & 13)Studio,1BA$2,004

Best Value Apartments for Rent in Little Italy, IL

As of November 16, 2025 the best value apartment in the Little Italy area is the $1.66 price per square foot 1822 S Throop St Model at 1822 S Throop St, Unit 2F in the in the University Village neighborhood starting from $2,995. The second greatest value Little Italy apartment is the 1822 S Throop St Model at 1822 S Throop St, Unit 1F starting at $2,837 with a $1.58 price per square foot in the University Village neighborhood. Here is today’s list of the best values for Little Italy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.66
1822 S Throop St, Unit 1F1822 S Throop St3BR,2.5BA$1.58
229 S Racine Ave, Unit 1229 S Racine Ave3BR,2BA$1.75
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
1653 S Throop St, Unit 3W1653 S Throop St3BR,2BA$1.80
821 W Van Buren St, Unit 2821 W Van Buren St2BR,1BA$2.27
1427 W Lexington St, Unit 1 st. Floor1427 W Lexington St3BR,1.5BA$1.62
1647 S Throop St, Unit 2nd Rear1647 S Throop St2BR,2BA$1.60
110 N Peoria St, Unit A01C110 N Peoria St1BR,1BA$2.18
1828 S Peoria St, Unit 2 F1828 S Peoria St1BR,1BA$2.25

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Little Italy, Chicago, IL

Ranked #20

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Chicago, IL. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, family-friendly amenities, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Little Italy Neighborhood in Chicago, IL

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

93 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

70 / 100

Excellent Transit

Transit is convenient for most trips

Frequently Asked Questions about Cheap Little Italy Apartments

What is a cheap apartment in Little Italy?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Little Italy is under $2,004.

What is the price of a cheap apartment in Little Italy?

The cheapest apartment in Little Italy is Presidential Towers which is listed at $1,815, while the average apartment in Little Italy costs $30,621.

What types of apartments are the cheapest in Little Italy?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 134 regular apartments in Little Italy that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Little Italy?

Cheap apartments in Little Italy have an average cost of $465 which is $30,156 cheaper than the average rent for all rentals in Little Italy.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.