
Cheap 1 Bedroom Apartments for Rent in the Near North Side Neighborhood of Chicago, IL from $1,500 (40 Rentals)


14 West Elm Apartments

Dearborn North

1330 N Dearborn

Total Monthly Price
55 W. Chestnut

Total Monthly Price
20 E Goethe St, Unit 205

Park Dearborn

18 E. Elm
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

1036 N. Dearborn

Total Monthly Price
1136 N La Salle Dr

Total Monthly Price
440 W Elm St, Unit 111

106 W Chicago Ave, Unit 304

Total Monthly Price
1000 N. LaSalle

Total Monthly Price
1133 N. Dearborn

1140 N La Salle Dr, Unit 607

Canterbury Court Apartments
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

127 Maple Ave

1140 N La Salle Dr, Unit 508

Total Monthly Price
1120 N. LaSalle

1100 North Lasalle

1111 N. Dearborn

756 N Dearborn St

Total Monthly Price
100 W. Chestnut

1140 N La Salle Dr, Unit 808
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.

30 W Huron St, Unit 02606

Maple

1162 - 1168 N La Salle Blvd

20 E Goethe St

544 Oak at Parkside of Old Town

Larrabee Place at Parkside of Old Town

Atrium at Old Town Park

Elm 551 at Parkside
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.

Two East Oak

Morningside South

157 W Division St

1250 Lasalle

1100 N Dearborn

Morningside North

The Oliver on LaSalle

20 E. Scott Street
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.
Near North Side, Chicago, IL Local Guide

How much does it cost to rent an apartment in Near North Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near North Side Studio Apartments | $2,383 | $1,245 | $4,291 |
Near North Side 1 Bedroom Apartments | $3,172 | $1,500 | $8,128 |
| Near North Side 2 Bedroom Apartments | $4,879 | $2,200 | $10,000+ |
| Near North Side 3 Bedroom Apartments | $9,535 | $4,300 | $10,000+ |
| Near North Side 4 Bedroom Apartments | $2,871 | $1,374 | $10,000+ |
Explore Chicago
Frequently Asked Questions about Cheap Near North Side Apartments
What is a cheap apartment in Near North Side?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near North Side is under $2,100.
What is the price of a cheap apartment in Near North Side?
The cheapest apartment in Near North Side is Maple which is listed at $1,230, while the average apartment in Near North Side costs $16,519.
What types of apartments are the cheapest in Near North Side?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Near North Side that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Near North Side?
Cheap apartments in Near North Side have an average cost of $373 which is $16,146 cheaper than the average rent for all rentals in Near North Side.
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

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.

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.

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.

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

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.

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.