Cheap Apartments for Rent in the Near North Side Neighborhood of Chicago, IL from $1,100 (50 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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1154 N Dearborn St
$1,425 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $1,475

Total Monthly Price
$1,425 - $1,475
Studio Apartment Available Now

1154 N Dearborn St

1154 N Dearborn StChicago, IL 60610
Affordability

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1300 N Dearborn St
$2,050 - $5,595
Total Monthly Price

Total Monthly Price

Base Rent
$2,050 - $5,595

Total Monthly Price
$2,050 - $5,595
Studio to 3 Bedroom Apartment Available Now

1300 N Dearborn St

1300 N Dearborn StChicago, IL 60610
Affordability

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Maple
1 Bedroom Apartments

Maple

150 W Maple StChicago, IL 60610
Senior Living
  • Utilities Included
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Elm 551 at Parkside
Studio to 3 Bedroom Apartments

Elm 551 at Parkside

551 W Elm StChicago, IL 60610
  • Utilities Included
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Sedgwick Apartments
2 to 3 Bedroom Apartments

Sedgwick Apartments

414 W Goethe StChicago, IL 60610
  • Utilities Included
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Atrium at Old Town Park
Studio to 2 Bedroom Apartments

Atrium at Old Town Park

303 W Division StChicago, IL 60610
  • Utilities Included

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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1100 N Dearborn
Studio to 2 Bedroom Apartments

1100 N Dearborn

1100 N Dearborn StChicago, IL 60610
  • Utilities Included
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204 W Hill Street
Studio to 3 Bedroom Apartments

204 W Hill Street

204 W Hill StChicago, IL 60610
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10 West Elm
Studio to 1 Bedroom Apartments

10 West Elm

10 W Elm StChicago, IL 60610
  • Utilities Included
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The Bush Temple II
Studio to 1 Bedroom Apartments

The Bush Temple II

810 N Clark StChicago, IL 60610
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Two East Oak
Studio to 3 Bedroom Apartments

Two East Oak

2 E Oak StChicago, IL 60611
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Morningside South
1 Bedroom Apartments

Morningside South

171 W Oak StChicago, IL 60610
Senior Living
  • Utilities Included
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1250 Lasalle
Studio to 2 Bedroom Apartments

1250 Lasalle

1250 N LaSalle StChicago, IL 60610
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Morningside North
1 Bedroom Apartments

Morningside North

170 W Oak StChicago, IL 60610
Senior Living
  • Utilities Included

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 $1,275. 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$1,275
1036 N. DearbornStudioStudio,1BA$1,395
1164 N DearbornStudioStudio,1BA$1,425
18 E. ElmStudioStudio,1BA$1,495
Canterbury Court ApartmentsStudioStudio,1BA$1,500
Atrium at Old Town ParkStudio BStudio,1BA$1,645

Best Value Apartments for Rent in Near North Side, IL

As of March 12, 2026 the best value apartment in the Near North Side area is the $1.33 price per square foot 2-BR/2BA Model at 1133 N. Dearborn in the in the Magnificent Mile neighborhood starting from $3,322. The second greatest value Near North Side apartment is the 2br/2ba Model at 1154 N Dearborn St starting at $3,550 with a $2.09 price per square foot in the Magnificent Mile 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.
1133 N. Dearborn2-BR/2BA2BR,2BA$1.33
1154 N Dearborn St2br/2ba2BR,2BA$2.09
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,3BA$2.59
1221 N. LaSalle LoftsStoreFrontStudio ,2BA$2.00
Park DearbornNortheast One Bedroom1BR,1BA$2.84
1120 N. LaSalle1-BR/1BA1BR,1BA$2.61
127 Maple AveL11BR,1BA$2.93
Dearborn NorthConvertible1BR,1BA$2.68
Atrium at Old Town ParkStudio BStudio ,1BA$2.71
Maple1 Bedroom 1 Bathroom1BR,1BA$2.28

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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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 $1,645.

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 $23,073.

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 50 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 $525 which is $22,548 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

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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.

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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.

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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.

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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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.