Cheap Apartments for Rent in the Little Italy Neighborhood of Chicago, IL from $700 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Little Italy area of Chicago.

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1809 S Carpenter St
Studio Apartments

1809 S Carpenter St

1809 S Carpenter StChicago, IL 60608
  • Utilities Included
  • Smoke Free
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1810 S Throop St
1 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included
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Harris Point Chicago
1 to 4 Bedroom Apartments

Harris Point Chicago

1404 W Taylor StChicago, IL 60607
  • Utilities Included
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R+D659
Studio to 3 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
  • Smoke Free
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111 S Peoria St
Studio to 3 Bedroom Apartments

111 S Peoria St

111 S Peoria StChicago, IL 60607
Furnished
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1603 S Wood St
1 Bedroom Apartments

1603 S Wood St

1603 S Wood StChicago, IL 60608
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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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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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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
2 Bedroom Apartments

1449-1453 W Flournoy St

1449-1453 W Flournoy StChicago, IL 60607
Student Housing
  • Utilities Included
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1429 W Lexington St
2 Bedroom Apartments

1429 W Lexington St

1429 W Lexington StChicago, IL 60607
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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1435 W Lexington St
2 Bedroom Apartments

1435 W Lexington St

1435 W Lexington StChicago, IL 60607
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Harris Point Chicago
2 Bedroom Apartments

Harris Point Chicago

910 S Loomis StChicago, IL 60607
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Harris Point Chicago
2 Bedroom Apartments

Harris Point Chicago

909 S Laflin StChicago, IL 60607
  • 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 Studio unit found at 768 W. Jackson priced from $1,395. Westhaven Park Station has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,570. Here are the most affordable Little Italy apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,395
Westhaven Park StationOne Bedroom1BR,1BA$1,570
Presidential TowersSTUDIO NINEStudio,1BA$1,735
The DuncanM-A21 - 100% AMI AROStudio,1BA$1,932
Harris Point Chicago846 S Loomis St. Apt 3R2BR,1BA$2,100
Harris Point Chicago808 S. Loomis, Apt 3F2BR,1BA$2,100

Best Value Apartments for Rent in Little Italy, IL

As of August 02, 2025 the best value apartment in the Little Italy area is the $0.32 price per square foot 648 W 16th St Model at 648 W 16th St, Unit #1 in the in the South Loop neighborhood starting from $3,200. The second greatest value Little Italy apartment is the 1147 W Taylor St Model at 1147 W Taylor St, Unit 1 starting at $3,700 with a $1.70 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.
648 W 16th St, Unit #1648 W 16th St3BR,2BA$0.32
1147 W Taylor St, Unit 11147 W Taylor St3BR,2BA$1.70
1643 S Throop St, Unit 3R1643 S Throop St3BR,1BA$1.72
1823 W 17th St, Unit 1F1823 W 17th St3BR,2BA$1.50
917 S Loomis St, Unit 1917 S Loomis St5BR,2BA$1.83
1621 S Carpenter St1012BR,2BA$1.95
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
Harris Point Chicago1500 W. Polk St. Apt 3M2BR,1BA$2.04
1431 W Flournoy St, Unit G1431 W Flournoy St2BR,1BA$1.75
1720 S Clinton St, Unit Coach House1720 S Clinton St1BR,1BA$1.88

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 #21

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 $2,100.

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

The cheapest apartment in Little Italy is Westhaven Park Station which is listed at $1,570, while the average apartment in Little Italy costs $3,800.

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 21 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 $534 which is $3,266 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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

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