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Cheap Apartments for Rent in the Little Italy Neighborhood of Chicago, IL from $700 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in the Little Italy area of Chicago.
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150 N Ashland Ave
ChicagoIL60607
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165 N Desplaines St
ChicagoIL60661
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$1,4101 Bedroom Apartments Available Jan 15
939 W Washington Blvd
939 W Washington BlvdChicago, IL 60607
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.
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$1,560 - $9,445Studio to 2 Bedroom Apartments Available Now
Presidential Towers
555 W Madison StChicago, IL 60661
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$1,570 - $2,0801 to 2 Bedroom Apartments Contact Us For Availability
Westhaven Park Station
145 N Damen StChicago, IL 60612
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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.
939 W Washington Blvd
ChicagoIL60607
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Rent Specials
$1,612 - $2,663Studio to 1 Bedroom Apartments Available Now
The Duncan
1515 W Monroe StChicago, IL 60607
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$1,7101 Bedroom Apartments Available Feb 4
939 W Washington Blvd
939 W Washington BlvdChicago, IL 60607
1131 W Taylor St
ChicagoIL60607
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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1144 W Taylor St
ChicagoIL60607
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1800 S Allport St
ChicagoIL60608
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
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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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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.
Little Italy, Chicago, IL Local Guide
How much does it cost to rent an apartment in Little Italy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Little Italy Studio Apartments | $2,235 | $1,330 | $3,416 |
| Little Italy 1 Bedroom Apartments | $2,697 | $1,200 | $7,075 |
| Little Italy 2 Bedroom Apartments | $3,772 | $1,470 | $9,229 |
| Little Italy 3 Bedroom Apartments | $4,070 | $1,065 | $10,000+ |
| Little Italy 4 Bedroom Apartments | $1,707 | $1,040 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 1 mile radius of the Little Italy Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Little Italy, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Atrio Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,308. Here are the most affordable Little Italy apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addams Coliving | Unit 316 | 4BR,3BA | $1,190 |
| Atrio Apartments | AROa5 | 1BR,1BA | $1,308 |
| 768 W. Jackson | Studio | Studio,1BA | $1,455 |
| Presidential Towers | STUDIO SIX | Studio,1BA | $1,655 |
| The Duncan | M-A2 - 100% AMI ARO | Studio,1BA | $1,745 |
| The Rosie | A6 | Studio,1BA | $1,940 |
| The Jax | J1 Studio, Terrace | Studio,1BA | $2,058 |
Best Value Apartments for Rent in Little Italy, IL
As of January 04, 2026 the best value apartment in the Little Italy area is the $1.79 price per square foot Penthouse Model at 25 N Bishop in the in the West Loop neighborhood starting from $5,000. The second greatest value Little Italy apartment is the 1008 W Lake St Model at 1008 W Lake St, Unit 2 starting at $4,500 with a $2.14 price per square foot in the Parc Chesnut neighborhood. Here is today’s list of the best values for Little Italy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 25 N Bishop | Penthouse | 3BR,2BA | $1.79 |
| 1008 W Lake St, Unit 2 | 1008 W Lake St | 1BR,1.5BA | $2.14 |
| 1822 S Throop St, Unit 2F | 1822 S Throop St | 3BR,2BA | $1.36 |
| 1822 S Throop St, Unit 1F | 1822 S Throop St | 3BR,2.5BA | $1.58 |
| 229 S Racine Ave, Unit 1 | 229 S Racine Ave | 2BR,2BA | $2.06 |
| 719 S Loomis St, Unit 2 | 719 S Loomis St | 4BR,1BA | $1.87 |
| 821 W Van Buren St, Unit 2 | 821 W Van Buren St | 2BR,1BA | $2.29 |
| 1427 W Lexington St, Unit 1 st. Floor | 1427 W Lexington St | 3BR,1.5BA | $1.62 |
| 110 N Peoria St, Unit A01C | 110 N Peoria St | 1BR,1BA | $2.18 |
| 229 S Peoria St, Unit 1726 | 229 S Peoria St | 1BR,1BA | $1.89 |
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
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleA 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
Read ArticleQuick 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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Do you know the Little Italy area?
If you’re an expert on all things Little Italy, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleLittle Italy, Chicago, IL
Ranked #21
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Little Italy, Chicago, IL
Stem Magnet Academy Elementary
City Of Chicago School District 299
Public School - Grades K-8 (395)
7 out of 10
Young Magnet High School
City Of Chicago School District 299
Public School - Grades 7-12 (2148)
7 out of 10
Chicago World Language Academy
City Of Chicago School District 299
Public School - Grades K-8 (451)
8 out of 10
School data provided by Great Schools
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!
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 $2,058.
What is the price of a cheap apartment in Little Italy?
The cheapest apartment in Little Italy is Atrio Apartments which is listed at $1,308, while the average apartment in Little Italy costs $21,521.
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 147 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 $539 which is $20,982 cheaper than the average rent for all rentals in Little Italy.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!