Cheap Homes for Rent in Noble Square Neighborhood of Chicago, IL from $700 (52 Rentals)

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

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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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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property at 506 N Green St

506 N Green St

ChicagoIL60642
property at 313 N Canal St

313 N Canal St

ChicagoIL60606

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Noble Square, Chicago, IL Local Guide

Cheapest Available Noble Square Apartments for Rent

 

The cheapest available apartment rental in the Noble Square area of Chicago, IL is a Studio unit found at Elm 551 at Parkside priced from $1,313. Post Chicago Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,405. Here are the most affordable Noble Square apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Elm 551 at ParksideStudioStudio,1BA$1,313
Post Chicago Apartments4 Bed 3 Bath4BR,3BA$1,405
Inspire West Townx07 Studio - 1 BathStudio,1BA$1,881
K2 ApartmentsUnit 13Studio,1BA$2,032
Hugo River NorthStudioStudio,1BA$2,110

Best Value Apartments for Rent in Noble Square, IL

As of July 26, 2025 the best value apartment in the Noble Square area is the $1.43 price per square foot 1720 N Ashland Ave Model at 1720 N Ashland Ave, Unit A02K in the in the Bucktown neighborhood starting from $3,990. The second greatest value Noble Square apartment is the 1720 N Ashland Ave Model at 1720 N Ashland Ave, Unit J09P starting at $3,990 with a $1.43 price per square foot in the Bucktown 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.
1720 N Ashland Ave, Unit A02K1720 N Ashland Ave3BR,3BA$1.43
1720 N Ashland Ave, Unit J09P1720 N Ashland Ave3BR,3BA$1.43
1720 N Ashland Ave, Unit J00W1720 N Ashland Ave3BR,3BA$1.43
1720 N Ashland Ave, Unit G09C1720 N Ashland Ave3BR,3BA$1.43
1720 N Ashland Ave, Unit 11720 N Ashland Ave3BR,3BA$1.50
1720 N Ashland Ave, Unit A06C1720 N Ashland Ave3BR,3BA$1.50
1049 N Winchester Ave, Unit 21049 N Winchester Ave3BR,3.5BA$1.75
1465 W Cortez St, Unit 1n1465 W Cortez St4BR,3BA$1.77
Post Chicago Apartments3 Bed 2 Bath3BR,2BA$1.45
1267 N Marion Ct1267 N Marion Ct2BR,1BA$1.56

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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Frequently Asked Questions about Noble Square

What type of rentals are currently available in Noble Square?

There are currently 971 Apartments for Rent in Noble Square, IL with pricing that ranges from $1,313 to $77,776. There are also 482 Single Family Homes for rent, Condos, and Townhome rentals currently available in Noble Square ranging from $780 to $22,000.

What is the current price range for Rental Homes in Noble Square?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Noble Square ranges from $780 to $22,000 with an average monthly rent of $6,866.

How much are larger Three and Four Bedroom Rentals in Noble Square?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Noble Square range from $1,524 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $1,405.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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.