Cheap Apartments for Rent in the Northalsted Neighborhood of Chicago, IL from $500 (326 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Northalsted 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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3835 N Fremont St
$1,250 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,795
Total Monthly Price
$1,250 - $1,795
Studio to 1 Bedroom Apartment Available Now

3835 N Fremont St

3835 N Fremont StChicago, IL 60613
Affordability

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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515 W Belmont Ave
$1,295 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,750
Total Monthly Price
$1,295 - $1,750
Studio Apartment Available Now

515 W Belmont Ave

515 W Belmont AveChicago, IL 60657
Affordability
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739 W Belmont Ave
$1,295 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,375
Total Monthly Price
$1,295 - $1,375
Studio Apartment Available Now

739 W Belmont Ave

739 W Belmont AveChicago, IL 60657
Affordability

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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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Northalsted, Chicago, IL Local Guide

Cheapest Available Northalsted Apartments for Rent

 

The cheapest available apartment rental in the Northalsted area of Chicago, IL is a Studio unit found at 424 W. Diversey priced from $1,095. 596 W. Hawthorne has the second lowest priced unit, which is a Studio apartment currently listed from $1,142. Here are the most affordable Northalsted apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,095
596 W. HawthorneSTUD/1BAStudio,1BA$1,142
721 W. BelmontStudioStudio,1BA$1,195
Parkway ApartmentsStudio - Tier 2Studio,1BA$1,210
3510 N. Pine GroveSTUD/1BAStudio,1BA$1,210
3838 N. BroadwayStudioStudio,1BA$1,215
450 W. MelroseSTUD/1BAStudio,1BA$1,239

Best Value Apartments for Rent in Northalsted, IL

As of April 20, 2026 the best value apartment in the Northalsted area is the $0.26 price per square foot 3250 N Clifton Ave Model at 3250 N Clifton Ave, Unit 1N in the in the Lakeview neighborhood starting from $2,550. The second greatest value Northalsted apartment is the 4318 N Sheridan Rd Model at 4318 N Sheridan Rd, Unit 2 starting at $2,800 with a $1.75 price per square foot in the Lakeview neighborhood. Here is today’s list of the best values for Northalsted apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3250 N Clifton Ave, Unit 1N3250 N Clifton Ave2BR,1BA$0.26
4318 N Sheridan Rd, Unit 24318 N Sheridan Rd2BR,2BA$1.75
652 W Gordon Ter, Unit 1E652 W Gordon Ter2BR,2BA$2.20
3716 N Racine Ave, Unit 33716 N Racine Ave3BR,2BA$2.17
752 W Gordon Ter752 W Gordon Ter2BR,1.5BA$2.28
456 W Barry Ave, Unit A03C456 W Barry Ave1BR,1BA$2.26
4208 N Clark St, Unit 14208 N Clark St1BR,1BA$2.28
430-446 W. Diversey1-BR/1BA1BR,1BA$2.18
634 W. Cornelia1-BR/1BA1BR,1BA$2.09
618 W Patterson, Unit 508618 W PattersonStudio ,1BA$2.04

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.

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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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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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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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Pet Friendly Lifestyle
Northalsted, Chicago, IL

Ranked #6

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Northalsted, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Illinois, including Chicago. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Northalsted Apartments

What is the Cheapest Studio apartment in Northalsted?

Currently the most affordable Cheap Studio Apartment in Northalsted is at 424 W. Diversey listed at $1,095.

How much is rent for a Cheap One Bedroom Northalsted Apartment?

The lowest price for a Cheap One Bedroom Northalsted Apartment is $1,331 at Parkway Apartments.

What is the lowest price for a Cheap Two Bedroom Northalsted Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Northalsted is starting from $2,090 at 2824 N Orchard.

What is the most affordable Northalsted Three Bedroom Apartment?

The best deal on a cheap Northalsted Three Bedroom Apartment rental is at 4100 N. Marine Dr. and starts from $3,195.

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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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.

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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.

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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.

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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.