Cheap Homes for Rent in Little Village Neighborhood of Chicago, IL from $1,200 (16 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

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.

Little Village, Chicago, IL Local Guide

Cheapest Available Little Village Apartments for Rent

 

The cheapest available apartment rental in the Little Village area of Chicago, IL is a 2 Beds unit found at Cermak-MASTER priced from $1,175. 3560 W Cermak has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,245. Here are the most affordable Little Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Cermak-MASTER2BR/1.0BA2BR,1BA$1,175
3560 W Cermak2 Bedroom 1 Bath Apartment2BR,1BA$1,245
1931 S Homan2 Bedroom 1 Bath Apartment2BR,1BA$1,290
1840-1850 S Fairfield Ave1 Beds, 1 Baths1BR,1BA$1,300
2230 S. Kedzie2BR/1.0BA2BR,1BA$1,300

Best Value Apartments for Rent in Little Village, IL

As of May 19, 2026 the best value apartment in the Little Village area is the $1.60 price per square foot 3840 S Albany Ave Model at 3840 S Albany Ave, Unit 2 F in the in the Brighton Park neighborhood starting from $2,400. The second greatest value Little Village apartment is the 2BR/1.0BA Model at Cermak-MASTER starting at $1,175 with a $1.03 price per square foot in the Lawndale neighborhood. Here is today’s list of the best values for Little Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3840 S Albany Ave, Unit 2 F3840 S Albany Ave4BR,1.5BA$1.60
Cermak-MASTER2BR/1.0BA2BR,1BA$1.03
3248 W 25th St, Unit 23248 W 25th St3BR,1BA$1.80
3542 W 24th St, Unit 23542 W 24th St3BR,1BA$1.44
2846 W 25th Pl, Unit 1 R2846 W 25th Pl3BR,1BA$1.67
2246 S Albany Ave, Unit 4F2246 S Albany Ave2BR,1BA$1.59
2309 S Whipple St, Unit 22309 S Whipple St1BR,1BA$1.87
1931 S Homan2 Bedroom 1 Bath Apartment2BR,1BA$1.72
1840-1850 S Fairfield Ave1 Beds, 1 Baths1BR,1BA$1.91
3560 W Cermak2 Bedroom 1 Bath Apartment2BR,1BA$1.84

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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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Frequently Asked Questions about Little Village

What type of rentals are currently available in Little Village?

There are currently 274 Apartments for Rent in Little Village, IL with pricing that ranges from $1,095 to $2,995. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Little Village ranging from $1,200 to $2,995.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Little Village ranges from $1,200 to $2,995 with an average monthly rent of $1,792.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.