
Cheap Apartments for Rent in the Near North Side Neighborhood of Chicago, IL from $1,100 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near North Side area of Chicago.


11 W. Division

1036 N. Dearborn

1160 N Dearborn St, Unit 212

1164 N Dearborn

Total Monthly Price
1154 N Dearborn St

18 E. Elm

1140 N La Salle Dr

Canterbury Court Apartments

1330 N Dearborn
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.

Dearborn North

14 West Elm Apartments

1100 North Lasalle

52 W Elm St, Unit 1102

1120 N. LaSalle

1000 N. LaSalle

20 E. Scott Street

1111 N. Dearborn

55 W. Chestnut

The Bush Temple
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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1133 N. Dearborn

ONE Old Town Park

1229 N Dearborn St

Elm Street Plaza

Lakeside 800

211 W Scott St

Total Monthly Price
1300 N Dearborn St

Hugo River North

1100 N Dearborn St

AMLI 808
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100 W. Chestnut

Asbury Plaza

Maple

Elm 551 at Parkside

1162 - 1168 N La Salle Blvd

The Oliver on LaSalle

544 Oak at Parkside of Old Town

Sedgwick Apartments

Larrabee Place at Parkside of Old Town

Atrium at Old Town Park
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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.

1100 N Dearborn

204 W Hill Street

10 West Elm

The Bush Temple II

Two East Oak

THREE Old Town Park

Morningside South

1250 Lasalle

Morningside North

Old Town Park Tower 2
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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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 | $2,340 | $1,105 | $4,109 |
| Near North Side 1 Bedroom Apartments | $3,099 | $1,600 | $8,128 |
| Near North Side 2 Bedroom Apartments | $4,491 | $2,025 | $10,000+ |
| Near North Side 3 Bedroom Apartments | $10,015 | $4,400 | $10,000+ |
| Near North Side 4 Bedroom Apartments | $14,433 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the Near North Side Neighborhood of Chicago, IL.
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Near North Side, Chicago, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maple | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,230 |
| 11 W. Division | Studio | Studio,1BA | $1,275 |
| 1036 N. Dearborn | Studio | Studio,1BA | $1,395 |
| 1164 N Dearborn | Studio | Studio,1BA | $1,425 |
| 18 E. Elm | Studio | Studio,1BA | $1,495 |
| Canterbury Court Apartments | Studio | Studio,1BA | $1,500 |
| Atrium at Old Town Park | Studio B | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1133 N. Dearborn | 2-BR/2BA | 2BR,2BA | $1.33 |
| 1154 N Dearborn St | 2br/2ba | 2BR,2BA | $2.09 |
| 1332 N Cleveland Ave, Unit 1 | 1332 N Cleveland Ave | 3BR,3BA | $2.59 |
| 1221 N. LaSalle Lofts | StoreFront | Studio ,2BA | $2.00 |
| Park Dearborn | Northeast One Bedroom | 1BR,1BA | $2.84 |
| 1120 N. LaSalle | 1-BR/1BA | 1BR,1BA | $2.61 |
| 127 Maple Ave | L1 | 1BR,1BA | $2.93 |
| Dearborn North | Convertible | 1BR,1BA | $2.68 |
| Atrium at Old Town Park | Studio B | Studio ,1BA | $2.71 |
| Maple | 1 Bedroom 1 Bathroom | 1BR,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.
Read ArticleBest 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
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleA 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
Read ArticleQuick Rent Budget Calculator
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.
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

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

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.

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.

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.

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.