
Cheap Homes for Rent in New City Neighborhood of Chicago, IL from $1,300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the New City area of Chicago.


4731 S Laflin St

5115 S Laflin St

5022 S Elizabeth St

1943 W 48th St
New City, Chicago, IL Local Guide

How much does it cost to rent a home in New City?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New City 2 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
New City 3 Bedroom Homes for Rent | $1,550 | $1,500 | $1,650 |
New City 4 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the New City Neighborhood of Chicago, IL.
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New City, Chicago, IL Local Guide
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Cheapest Available New City Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Now Leasing - 5200 S. Carpenter St (PLEASE | 2BR/1.0BA | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in New City, IL
As of September 16, 2025 the best value apartment in the New City area is the $1.50 price per square foot 4827 S Racine Ave Model at 4827 S Racine Ave, Unit 1st floor unit in the in the Englewood neighborhood starting from $1,500. The second greatest value New City apartment is the 5045 N Damen Ave Model at 5045 N Damen Ave, Unit W1 starting at $1,750 with a $1.94 price per square foot in the West Englewood neighborhood. Here is today’s list of the best values for New City apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
4827 S Racine Ave, Unit 1st floor unit | 4827 S Racine Ave | 2BR,1BA | $1.50 |
5045 N Damen Ave, Unit W1 | 5045 N Damen Ave | 2BR,1BA | $1.94 |
Now Leasing - 5200 S. Carpenter St (PLEASE | 2BR/1.0BA | 2BR,1BA | $1.66 |
4859 S Elizabeth St | 4859 S Elizabeth St | 2BR,1BA | $15.00 |
Quick 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.
Pet Friendly LifestyleNew City, Chicago, IL
Ranked #130
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in New City, Chicago, IL
Hamline Elementary School
BACK OF THE YARDS IB HS
Sherman School of Excellence
School data provided by Great Schools
Frequently Asked Questions about New City
What type of rentals are currently available in New City?
There are currently 113 Apartments for Rent in New City, IL with pricing that ranges from $850 to $2,100. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in New City ranging from $1,300 to $2,000.
What is the current price range for Rental Homes in New City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New City ranges from $1,300 to $2,000 with an average monthly rent of $1,616.
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.

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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.