Cheap Apartments for Rent in the Northalsted Neighborhood of Chicago, IL from $500 (310 Rentals)

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

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Annabelle LLC
$888 - $2,181
Total Monthly Price

Total Monthly Price

Base Rent
$690 - $1,983
Required Monthly Fees
$198
Total Monthly Price
$888 - $2,181
Studio to 1 Bedroom Apartments Available Now

Annabelle LLC

661 W Sheridan AveChicago, IL 60613
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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

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3835 N Fremont St
$1,250 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,550
Total Monthly Price
$1,250 - $1,550
Studio to 1 Bedroom Apartment Available Now

3835 N Fremont St

3835 N Fremont StChicago, IL 60613
Affordability
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Park Wellington Apartments
$1,254 - $2,411
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $2,361
Required Monthly Fees
$50
Total Monthly Price
$1,254 - $2,411
Studio to 2 Bedroom Apartments Available Now

Park Wellington Apartments

434 W Wellington AveChicago, IL 60657
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Times Square Apartments
$1,279 - $2,574
Total Monthly Price

Total Monthly Price

Base Rent
$1,229 - $2,524
Required Monthly Fees
$50
Total Monthly Price
$1,279 - $2,574
Studio to 2 Bedroom Apartments Available Now

Times Square Apartments

869 W Buena AveChicago, IL 60613
Affordability
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  • Customer Reviewed
  • 3D Tour
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515 W Belmont Ave
$1,295 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,695
Total Monthly Price
$1,295 - $1,695
Studio Apartment Available Now

515 W Belmont Ave

515 W Belmont AveChicago, IL 60657
Affordability

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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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 Annabelle LLC priced from $888. 640 Briar has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Northalsted apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Annabelle LLCStudio Floor Plan S3Studio,1BA$888
640 BriarStudioStudio,1BA$1,075
721 W. BelmontStudioStudio,1BA$1,095
424 W. DiverseyStudioStudio,1BA$1,135
3838 N. BroadwayStudioStudio,1BA$1,145
422-24 MelroseS2Studio,1BA$1,174
3510 N. Pine GroveSTUD/1BAStudio,1BA$1,210

Best Value Apartments for Rent in Northalsted, IL

As of March 06, 2026 the best value apartment in the Northalsted area is the $1.75 price per square foot 4318 N Sheridan Rd Model at 4318 N Sheridan Rd, Unit 2 in the in the Lakeview neighborhood starting from $2,800. The second greatest value Northalsted apartment is the 652 W Gordon Ter Model at 652 W Gordon Ter, Unit 1E starting at $3,295 with a $2.20 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.
4318 N Sheridan Rd, Unit 24318 N Sheridan Rd2BR,2BA$1.75
652 W Gordon Ter, Unit 1E652 W Gordon Ter2BR,2BA$2.20
1454 W School St, Unit A09C1454 W School St2BR,1BA$1.71
4000 N Southport Ave, Unit 2N4000 N Southport Ave3BR,1BA$2.14
3820 N Sheffield Ave3820 N Sheffield Ave2BR,2BA$2.08
456 W Barry Ave, Unit A03C456 W Barry Ave1BR,1BA$2.26
3146 N Southport Ave, Unit G3146 N Southport Ave2BR,1BA$2.17
634 W. Cornelia1-BR/1BA1BR,1BA$2.09
523 W Melrose St, Unit A02C523 W Melrose St1BR,1BA$2.21
618 W Patterson Ave, Unit 508618 W Patterson AveStudio ,1BA$2.04

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 a cheap apartment in Northalsted?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northalsted is under $1,210.

What is the price of a cheap apartment in Northalsted?

The cheapest apartment in Northalsted is Parkway Apartments which is listed at $1,331, while the average apartment in Northalsted costs $5,795.

What types of apartments are the cheapest in Northalsted?

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

How do the prices of cheap apartments compare to the average apartment in Northalsted?

Cheap apartments in Northalsted have an average cost of $101 which is $5,694 cheaper than the average rent for all rentals in Northalsted.

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

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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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.