Cheap Apartments for Rent in the North Mayfair Neighborhood of Chicago, IL from $500 (138 Rentals)

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

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.

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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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4653 N Major Ave, Unit 2S
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
1 Bedroom Apartment Available Now

4653 N Major Ave, Unit 2S

4653 N Major AveChicago, IL 60630
Affordability
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5542 W Leland Ave, Unit B
$1,425
Total Monthly Price

Total Monthly Price

Base Rent
$1,425
Total Monthly Price
$1,425
1 Bedroom Apartment Available Aug 1

5542 W Leland Ave, Unit B

5542 W Leland AveChicago, IL 60630
Affordability
property at 4919 N Lester Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

1 Bedroom, 1 Bath Condo for Rent

Available Now

4919 N Lester Ave, Unit 202

4919 N Lester Ave
ChicagoIL60630

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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5329 N Central Ave, Unit 1
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500
1 Bedroom Apartment Available Aug 1

5329 N Central Ave, Unit 1

5329 N Central AveChicago, IL 60630
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5608 N Marmora Ave, Unit 1
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500
1 Bedroom Apartment Available Now

5608 N Marmora Ave, Unit 1

5608 N Marmora AveChicago, IL 60646
Furnished
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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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North Mayfair, Chicago, IL Local Guide

Cheapest Available North Mayfair Apartments for Rent

 

The cheapest available apartment rental in the North Mayfair area of Chicago, IL is a Studio unit found at 3957 W Irving Park Rd priced from $1,025. 4151-57 W Cullom has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,393. Here are the most affordable North Mayfair apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
3957 W Irving Park RdStudioStudio,1BA$1,025
4151-57 W CullomA41BR,1BA$1,393
5054 N Ridgeway Ave1 br1BR,1BA$1,400
4425-4431 N Milwaukee Ave1BR/1.0BA1BR,1BA$1,425

Best Value Apartments for Rent in North Mayfair, IL

As of June 30, 2026 the best value apartment in the North Mayfair area is the $1.23 price per square foot 5822 N Spaulding Ave Model at 5822 N Spaulding Ave, Unit Apartments for rent in the in the North Park neighborhood starting from $2,450. The second greatest value North Mayfair apartment is the 6441 N Francisco Ave Model at 6441 N Francisco Ave, Unit 2 starting at $2,100 with a $1.08 price per square foot in the West Ridge neighborhood. Here is today’s list of the best values for North Mayfair apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5822 N Spaulding Ave, Unit Apartments for rent5822 N Spaulding Ave3BR,1BA$1.23
6441 N Francisco Ave, Unit 26441 N Francisco Ave3BR,2BA$1.08
5228 W Hutchinson St, Unit 25228 W Hutchinson St2BR,1BA$1.35
3652 W Lawrence Ave, Unit 23652 W Lawrence Ave3BR,1.5BA$1.50
5473 N Parkside Ave, Unit 25473 N Parkside Ave3BR,1.5BA$1.64
5620 N Marmora Ave, Unit 15620 N Marmora Ave2BR,1BA$1.43
5243 W Argyle St, Unit 2E5243 W Argyle St2BR,1BA$1.71
4653 N Major Ave, Unit 2S4653 N Major Ave1BR,1BA$1.56
3412 W Foster Ave, Unit 2A3412 W Foster Ave1BR,1BA$1.38
5114 W Grace St, Unit Garden apartment5114 W Grace St3BR,1BA$1.50

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
North Mayfair, Chicago, IL

Ranked #69

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap North Mayfair Apartments

What is the Cheapest Studio apartment in North Mayfair?

Currently the most affordable Cheap Studio Apartment in North Mayfair is at 3957 W Irving Park Rd listed at $1,025.

How much is rent for a Cheap One Bedroom North Mayfair Apartment?

The lowest price for a Cheap One Bedroom North Mayfair Apartment is $1,393 at 4151-57 W Cullom.

What is the most affordable North Mayfair Three Bedroom Apartment?

The best deal on a cheap North Mayfair Three Bedroom Apartment rental is at 3025 W Irving Park Rd and starts from $2,600.

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

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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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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.

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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.

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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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.