Cheap Homes for Rent in the Mayfair Chicago Neighborhood of Chicago, IL from $1,200 (4 Rentals)

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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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.

Best Value Apartments for Rent in Mayfair Chicago, IL

As of August 08, 2026 the best value apartment in the Mayfair Chicago area is the $2.10 price per square foot 4618 N Karlov Ave Model at 4618 N Karlov Ave, Unit 1 in the in the Sauganash neighborhood starting from $2,100. The second greatest value Mayfair Chicago apartment is the 4409 N Kenneth Ave Model at 4409 N Kenneth Ave, Unit 1A starting at $1,900 with a $2.53 price per square foot in the North Mayfair neighborhood. Here is today’s list of the best values for Mayfair Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4618 N Karlov Ave, Unit 14618 N Karlov Ave3BR,1BA$2.10
4409 N Kenneth Ave, Unit 1A4409 N Kenneth Ave1BR,1BA$2.53

Frequently Asked Questions about Mayfair Chicago

What type of rentals are currently available in Mayfair Chicago?

There are currently 39 Apartments for Rent in Mayfair Chicago, IL with pricing that ranges from $1,500 to $2,450. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mayfair Chicago ranging from $1,250 to $3,500.

What is the current price range for Rental Homes in Mayfair Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mayfair Chicago ranges from $1,250 to $3,500 with an average monthly rent of $1,827.

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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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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