Cheap Homes for Rent in Near North Side Neighborhood of Chicago, IL from $1,300 (49 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

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property at 21 W Goethe St

21 W Goethe St

ChicagoIL60610

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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 Studio unit found at 11 W. Division priced from $1,225. Elm 551 at Parkside has the second lowest priced unit, which is a Studio apartment currently listed from $1,313. Here are the most affordable Near North Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
11 W. DivisionStudioStudio,1BA$1,225
Elm 551 at ParksideStudioStudio,1BA$1,313
18 E. ElmStudioStudio,1BA$1,345
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,375
1100 North LasalleStudioStudio,1BA$1,390
1036 N. DearbornStudioStudio,1BA$1,395

Best Value Apartments for Rent in Near North Side, IL

As of June 04, 2025 the best value apartment in the Near North Side area is the $0.24 price per square foot 920 N Wells St Model at 920 N Wells St, Unit # 01705 in the in the Magnificent Mile neighborhood starting from $2,380. The second greatest value Near North Side apartment is the 1332 N Cleveland Ave Model at 1332 N Cleveland Ave, Unit 1 starting at $4,400 with a $2.59 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.
920 N Wells St, Unit # 01705920 N Wells StStudio ,1BA$0.24
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,3BA$2.59
1221 N. LaSalle LoftsStoreFrontStudio ,2BA$2.00
Terrace 459Two Bed/Two Bath2BR,2BA$1.96
18 E. Elm2 Bedroom / 2 Bathroom2BR,2BA$2.94
20 E ScottOne Bedroom1BR,1BA$2.91
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$2.28
Elm 551 at ParksideOne Bedroom1BR,1BA$2.67
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.62
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$2.39

Frequently Asked Questions about Near North Side

What type of rentals are currently available in Near North Side?

There are currently 235 Apartments for Rent in Near North Side, IL with pricing that ranges from $1,105 to $23,973. There are also 219 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near North Side ranging from $1,350 to $24,900.

What is the current price range for Rental Homes in Near North Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Near North Side ranges from $1,350 to $24,900 with an average monthly rent of $7,228.

How much are larger Three and Four Bedroom Rentals in Near North Side?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Near North Side range from $1,626 to $23,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,400 to $17,000. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $7,000.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.