
Cheap Homes for Rent in New City Neighborhood of Chicago, IL from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the New City area of Chicago.


1714 W 46th St

5144 S Hermitage Ave

2254 W Garfield Blvd

4500 S Wood St, Unit 2M
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

5031 S Hermitage Ave

1945 W 48th St

1943 W 48th St

4800 S Seeley Ave

4332 S Hermitage Ave
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.

4734 S Paulina 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 | $1,640 | $1,250 | $2,350 |
| New City 3 Bedroom Homes for Rent | $1,567 | $1,300 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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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Best Value Apartments for Rent in New City, IL
As of April 12, 2026 the best value apartment in the New City area is the $1.06 price per square foot 5424 S Honore St Model at 5424 S Honore St, Unit 1 in the in the West Englewood neighborhood starting from $1,750. The second greatest value New City apartment is the 704 W Garfield Blvd Model at 704 W Garfield Blvd, Unit 2 starting at $1,725 with a $1.23 price per square foot in the 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. |
|---|---|---|---|
| 5424 S Honore St, Unit 1 | 5424 S Honore St | 3BR,1BA | $1.06 |
| 704 W Garfield Blvd, Unit 2 | 704 W Garfield Blvd | 3BR,1BA | $1.23 |
| 1312 W 51st St, Unit 1N | 1312 W 51st St | 2BR,1BA | $1.44 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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 112 Apartments for Rent in New City, IL with pricing that ranges from $1,300 to $2,200. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in New City ranging from $1,250 to $2,350.
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 $1,250 to $2,350 with an average monthly rent of $1,502.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.