Cheap Homes for Rent in Little Italy Neighborhood of Chicago, IL from $800 (42 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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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.

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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 $1,455. 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$1,455
Presidential TowersSTUDIO FIVEStudio,1BA$1,610
The DuncanM-A2 - 100% AMI AROStudio,1BA$1,745
The RosieA6Studio,1BA$1,944
Landmark West LoopNo. 6Studio,1BA$2,030
Scio at the Medical DistrictStudio A1Studio,1BA$2,073
One Six SixS1.4Studio,1BA$2,170

Best Value Apartments for Rent in Little Italy, IL

As of January 10, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
25 N BishopPenthouse3BR,2BA$1.79
1008 W Lake St, Unit 21008 W Lake St1BR,1.5BA$2.14
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.36
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
719 S Loomis St, Unit 2719 S Loomis St4BR,1BA$1.87
821 W Van Buren St, Unit 2821 W Van Buren St2BR,1BA$2.23
1427 W Lexington St, Unit 1 st. Floor1427 W Lexington St3BR,1.5BA$1.62
1624 S Throop St4x14BR,1BA$2.42
1823 W 17th St, Unit 1FR1823 W 17th St3BR,2BA$2.45
110 N Peoria St, Unit A01C110 N Peoria St1BR,1BA$2.18

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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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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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 #21

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 480 Apartments for Rent in Little Italy, IL with pricing that ranges from $1,040 to $20,813. There are also 319 Single Family Homes for rent, Condos, and Townhome rentals currently available in Little Italy ranging from $825 to $20,000.

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 $825 to $20,000 with an average monthly rent of $3,238.

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 $1,065 to $13,822, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $14,800. Four Bedroom Single-Family rentals are also available starting from $1,080 and Four Bedroom Apartments start at $1,040.

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

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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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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.

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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.

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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

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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!