
Cheap Homes for Rent in the Mayfair Chicago Neighborhood of Chicago, IL from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Mayfair Chicago area of Chicago.


4588 N Elston Ave, Unit 304
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.

4393 N Elston Ave, Unit 6

4645 N Elston Ave
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.
Mayfair Chicago, Chicago, IL Local Guide

How much does it cost to rent a home in Mayfair Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mayfair Chicago 2 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
| Mayfair Chicago 3 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Mayfair Chicago Neighborhood of Chicago, IL.
Explore Chicago
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4618 N Karlov Ave, Unit 1 | 4618 N Karlov Ave | 3BR,1BA | $2.10 |
| 4409 N Kenneth Ave, Unit 1A | 4409 N Kenneth Ave | 1BR,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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
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.

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.

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.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

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.