Cheap Homes for Rent in Little Italy Neighborhood of Chicago, IL from $600 (65 Rentals)

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

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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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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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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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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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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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 15, 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 #19

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Little Italy, Chicago, IL

School data provided by Great Schools

Frequently Asked Questions about Little Italy

What type of rentals are currently available in Little Italy?

There are currently 489 Apartments for Rent in Little Italy, IL with pricing that ranges from $1,040 to $25,108. There are also 372 Single Family Homes for rent, Condos, and Townhome rentals currently available in Little Italy ranging from $650 to $16,000.

What is the current price range for Rental Homes in Little Italy?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Little Italy ranges from $650 to $16,000 with an average monthly rent of $2,938.

How much are larger Three and Four Bedroom Rentals in Little Italy?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Little Italy range from $1,085 to $19,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $16,000. Four Bedroom Single-Family rentals are also available starting from $680 and Four Bedroom Apartments start at $1,040.

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.