Cheap 2 Bedroom Apartments for Rent in the Madison Square Neighborhood of Chicago, IL from $1,250 (29 Rentals)

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La Rose Apartments
2 Bedroom Apartments

La Rose Apartments

5501 W Monroe StChicago, IL 60644
  • Utilities Included
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5100 W Madison
2 Bedroom Apartments

5100 W Madison

5100-5104 W Madison StChicago, IL 60644
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400 S Kilbourn Ave
2 Bedroom Apartments

400 S Kilbourn Ave

400 S Kilbourn AveChicago, IL 60624
  • Utilities Included

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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4815 W Monroe St
2 Bedroom Apartments

4815 W Monroe St

4815 W Monroe StChicago, IL 60644
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701 N Lotus Ave
2 Bedroom Apartments

701 N Lotus Ave

701 N Lotus AveChicago, IL 60644
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5100 W Monroe
2 Bedroom Apartments

5100 W Monroe

5100-5104 W Monroe StChicago, IL 60644
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Jade Apartments
2 Bedroom Apartments

Jade Apartments

1-15 N Keeler AveChicago, IL 60624
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Pine North
2 Bedroom Apartments

Pine North

542 N Pine AveChicago, IL 60644
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5328 W Harrison
2 Bedroom Apartments

5328 W Harrison

5328 W Harrison StChicago, IL 60644
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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400 S Laramie
2 Bedroom Apartments

400 S Laramie

400 S Laramie AveChicago, IL 60644
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418 S Laramie
2 Bedroom Apartments

418 S Laramie

418-424 S Laramie AveChicago, IL 60644
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708 S Karlov
2 Bedroom Apartments

708 S Karlov

708-14 S Karlov AveChicago, IL 60624
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5500 W Van Buren
2 Bedroom Apartments

5500 W Van Buren

5500 W Van Buren StChicago, IL 60644
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5101 W Monroe
2 Bedroom Apartments

5101 W Monroe

5101-5103 W Monroe StChicago, IL 60644
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634 N Lamon
2 Bedroom Apartments

634 N Lamon

634 N Lamon AveChicago, IL 60644

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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4152 W Lake
2 Bedroom Apartments

4152 W Lake

4152-4156 W Lake StChicago, IL 60624
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5314 W Washington
2 Bedroom Apartments

5314 W Washington

5201-5207 W Washington BlvdChicago, IL 60644
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5036 W Quincy St
2 Bedroom Apartments

5036 W Quincy St

5036 W Quincy StChicago, IL 60644
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4700 W Flournoy
2 Bedroom Apartments

4700 W Flournoy

4700 W Flournoy StChicago, IL 60644

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!

Madison Square, Chicago, IL Local Guide

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

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
Madison Square, Chicago, IL

Ranked #83

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Madison Square Apartments

How much is rent for a Cheap One Bedroom Madison Square Apartment?

The lowest price for a Cheap One Bedroom Madison Square Apartment is $1,200 at Pine North.

What is the lowest price for a Cheap Two Bedroom Madison Square Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison Square is starting from $1,200 at Pine North.

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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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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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.

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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.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.