Cheap Apartments for Rent in the Noble Square Neighborhood of Chicago, IL from $700 (89 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Noble Square area of Chicago.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash 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.

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

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

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

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Noble Square, Chicago, IL Local Guide

Cheapest Available Noble Square Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Elm 551 at ParksideStudioStudio,1BA$1,313

Best Value Apartments for Rent in Noble Square, IL

As of October 22, 2025 the best value apartment in the Noble Square area is the $1.20 price per square foot 831 N Ashland Ave Model at 831 N Ashland Ave, Unit 2 in the in the West Town neighborhood starting from $3,000. The second greatest value Noble Square apartment is the 724 N Willard Ct Model at 724 N Willard Ct, Unit J03W starting at $3,895 with a $1.85 price per square foot in the West Town neighborhood. Here is today’s list of the best values for Noble Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
831 N Ashland Ave, Unit 2831 N Ashland Ave5BR,1.5BA$1.20
724 N Willard Ct, Unit J03W724 N Willard Ct3BR,2.5BA$1.85
724 N Willard Ct, Unit J09P724 N Willard Ct3BR,2.5BA$1.85
724 N Willard Ct, Unit 2724 N Willard Ct3BR,2.5BA$1.85
1470 N Milwaukee Ave, Unit 31470 N Milwaukee Ave1BR,1BA$1.73
858 N Paulina St, Unit 1858 N Paulina St2BR,2BA$1.83
942 N Elston Ave, Unit 2R942 N Elston Ave2BR,2BA$1.85
Post ChicagoPrivate Bed in a 3 Bed 2 Bath3BR,2BA$1.36
1228 N Cleaver St, Unit 3R1228 N Cleaver St2BR,1BA$1.60
1521 W Walton St, Unit #21521 W Walton St2BR,1BA$1.80

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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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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The 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.

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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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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.

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Pet Friendly Lifestyle
Noble Square, Chicago, IL

Ranked #20

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, multifamily communities for the kids, raising pets, transit options, and much more. These search options are in the site filters at the top of this page.

Getting Around the Noble Square Neighborhood in Chicago, IL

Walk Score®

97 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

96 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

72 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Noble Square Apartments

What is a cheap apartment in Noble Square?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Noble Square is under $1,313.

What is the price of a cheap apartment in Noble Square?

The cheapest apartment in Noble Square is Elm 551 at Parkside which is listed at $1,725, while the average apartment in Noble Square costs $28,832.

What types of apartments are the cheapest in Noble Square?

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 17 regular apartments in Noble Square that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.