
Cheap 2 Bedroom Apartments for Rent in the Near North Side Neighborhood of Chicago, IL from $2,200 (6 Rentals)


14 West Elm Apartments

1330 N Dearborn
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.

Sedgwick Apartments

Larrabee Place at Parkside of Old Town

Elm 551 at Parkside
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.
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 | $2,351 | $1,245 | $4,291 |
| Near North Side 1 Bedroom Apartments | $3,177 | $1,500 | $8,128 |
Near North Side 2 Bedroom Apartments | $4,958 | $2,200 | $10,000+ |
| Near North Side 3 Bedroom Apartments | $9,346 | $4,300 | $10,000+ |
| Near North Side 4 Bedroom Apartments | $2,918 | $1,424 | $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 $1,500.
What is the price of a cheap apartment in Near North Side?
The cheapest apartment in Near North Side is The Hudson which is listed at $3,978, 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 $405 which is $16,114 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
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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
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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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.