Cheap Apartments for Rent in the Near North Side Neighborhood of Chicago, IL from $1,200 (105 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near North Side area of Chicago.

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1330 N Dearborn
$1,500 - $2,200
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$1,500 - $2,200
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Studio to 2 Bedroom Apartments Contact Us For Availability

1330 N Dearborn

1330 N Dearborn StChicago, IL 60610
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1120 N. LaSalle
$1,615 - $3,616
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$1,615 - $3,616
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Studio to 2 Bedroom Apartments Available Aug 1

1120 N. LaSalle

1120 LaSalle DrChicago, IL 60610
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property at 1325 N Dearborn St

$1,650 - $1,750

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Base Rent
$1,650 - $1,750
Total Monthly Price
$1,650 - $1,750

Studio, 1 Bath Condo for Rent

Available Aug 1

1325 N Dearborn St

ChicagoIL60610

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1000 N. LaSalle
$1,750 - $3,561
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$1,750 - $3,561
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Studio to 2 Bedroom Apartments Available Aug 1

1000 N. LaSalle

1000-1030 N LaSalle DrChicago, IL 60610
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55 W. Chestnut
$1,789 - $3,323
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$1,789 - $3,323
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Studio to 2 Bedroom Apartments Available Aug 1

55 W. Chestnut

55 W Chestnut StChicago, IL 60610
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1111 N. Dearborn
$1,824 - $4,902
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$1,824 - $4,902
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Studio to 3 Bedroom Apartments Available Now

1111 N. Dearborn

1111 N Dearborn StChicago, IL 60610
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1133 N. Dearborn
$1,869 - $4,064
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$1,869 - $4,064
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Studio to 2 Bedroom Apartments Available Aug 1

1133 N. Dearborn

1133 N Dearborn StChicago, IL 60610
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property at 1320 N Dearborn St

$1,995 - $2,695

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Base Rent
$1,995 - $2,695
Total Monthly Price
$1,995 - $2,695

Studio To 1 Bedroom Condos for Rent

Available Aug 1

1320 N Dearborn St

ChicagoIL60610

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property at 1122 N Clark St

$2,050

Total Monthly Price

Total Monthly Price

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$2,050
Total Monthly Price
$2,050

Studio, 1 Bath Condo for Rent

Available Now

1122 N Clark St, Unit 1122

1122 N Clark St
ChicagoIL60610
property at 1030 N State St

$2,075

Total Monthly Price

Total Monthly Price

Base Rent
$2,075
Total Monthly Price
$2,075

Studio, 1 Bath Condo for Rent

Available Aug 24

1030 N State St, Unit 5A

1030 N State St
ChicagoIL60610

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Near North Side, Chicago, IL Local Guide

Cheapest Available Near North Side Apartments for Rent

 

The cheapest available apartment rental in the Near North Side area of Chicago, IL is a 1 Bed unit found at Maple priced from $1,230. 11 W. Division has the second lowest priced unit, which is a Studio apartment currently listed from $1,365. Here are the most affordable Near North Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Maple1 Bedroom 1 Bathroom1BR,1BA$1,230
11 W. DivisionStudioStudio,1BA$1,365
1036 N. DearbornStudioStudio,1BA$1,445
1164 N DearbornStudioStudio,1BA$1,450
18 E. ElmStudioStudio,1BA$1,495
Park DearbornKitchenetteStudio,1BA$1,550
Hugo River NorthStudioStudio,1BA$2,095
127 Maple AveL101BR,1BA$2,100
The Oliver on LaSalleA021BR,1BA$2,103
1111 N. Dearborn1-BR/1BA1BR,1BA$2,162

Best Value Apartments for Rent in Near North Side, IL

As of July 26, 2026 the best value apartment in the Near North Side area is the $2.50 price per square foot Four Bedroom Model at 116-120 Chestnut Properties in the in the Magnificent Mile neighborhood starting from $7,500. The second greatest value Near North Side apartment is the 1332 N Cleveland Ave Model at 1332 N Cleveland Ave, Unit 1 starting at $4,900 with a $2.88 price per square foot in the Near North Side neighborhood. Here is today’s list of the best values for Near North Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
116-120 Chestnut PropertiesFour Bedroom4BR,3.5BA$2.50
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,2BA$2.88
120 W Chestnut St120 W Chestnut St2BR,2BA$3.92
Niche 9051E1BR,1BA$3.71
1214 N La Salle Dr1214 N La Salle Dr2BR,2BA$3.94
Asbury PlazaDeluxe One Bedroom1BR,1BA$2.90
1111 N. Dearborn1-BR/1BA1BR,1BA$2.82
Chestnut PlaceBE1BR,1BA$3.61
127 Maple AveL101BR,1BA$3.23
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Chicago, IL. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendly amenities, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

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 $2,162.

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 4 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 $448 which is $16,071 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.

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