Cheap Apartments for Rent in the Northwest Chicago Neighborhood of Chicago, IL from $500 (1,041 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Northwest Chicago 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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property at 1456 W Fargo Ave

$1,097 - $1,353

Studio To 1 Bedroom Rentals

Available Now

1456 W Fargo Ave

ChicagoIL60626

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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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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Northwest Chicago, Chicago, IL Local Guide

Cheapest Available Northwest Chicago Apartments for Rent

 

The cheapest available apartment rental in the Northwest Chicago area of Chicago, IL is a 3 Beds unit found at 10k sqft LiveWork Space w Green/White Screen priced from $788. 4114 W Washington Blvd Chicago, IL 60624 has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Northwest Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
10k sqft LiveWork Space w Green/White ScreenManhattan Style Loft3BR,2BA$788
4114 W Washington Blvd Chicago, IL 60624Studio ApartmentStudio,1BA$875
5501 W Washington Blvd Chicago, IL 60644Studio ApartmentStudio,1BA$890
1042 N Leamington Ave1 Bedroom 1 Bath Apartment1BR,1BA$985
3957 W Irving Park RdStudioStudio,1BA$995
500 S Laramie1 Bedroom 1 Bath Apartment1BR,1BA$1,005

Best Value Apartments for Rent in Northwest Chicago, IL

As of January 01, 2026 the best value apartment in the Northwest Chicago area is the $0.08 price per square foot Manhattan Style Loft Model at 10k sqft LiveWork Space w Green/White Screen in the in the East Garfield Park neighborhood starting from $788. The second greatest value Northwest Chicago apartment is the 3134 W Carroll Ave Model at 3134 W Carroll Ave, Unit 2 starting at $4,795 with a $0.48 price per square foot in the East Garfield Park neighborhood. Here is today’s list of the best values for Northwest Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10k sqft LiveWork Space w Green/White ScreenManhattan Style Loft3BR,2BA$0.08
3134 W Carroll Ave, Unit 23134 W Carroll Ave6BR,2BA$0.48
6853 W Belmont Ave, Unit 1R6853 W Belmont Ave2BR,2.5BA$0.93
4008 N Southport Ave, Unit 14008 N Southport Ave3BR,2BA$1.14
1432 W Jonquil Ter, Unit 21432 W Jonquil Ter3BR,2BA$1.12
3342 W Douglas Blvd, Unit 3rd3342 W Douglas Blvd4BR,1.5BA$1.05
6441 N Francisco Ave, Unit 26441 N Francisco Ave3BR,2BA$1.08
2043 N Cicero Ave, Unit 3S2043 N Cicero Ave2BR,1BA$1.04
2728 N Mulligan Ave, Unit 22728 N Mulligan Ave2BR,1BA$1.14
2125 N Lorel Ave, Unit Garden bedroom for rent2125 N Lorel Ave1BR,1BA$0.80

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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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
Northwest Chicago, Chicago, IL

Ranked #3

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
Northwest Chicago, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northwestern 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 easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Northwest Chicago Apartments

What is a cheap apartment in Northwest Chicago?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northwest Chicago is under $1,005.

What is the price of a cheap apartment in Northwest Chicago?

The cheapest apartment in Northwest Chicago is 1042 N Leamington Ave which is listed at $985, while the average apartment in Northwest Chicago costs $12,597.

What types of apartments are the cheapest in Northwest Chicago?

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 46 regular apartments in Northwest Chicago 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 Northwest Chicago?

Cheap apartments in Northwest Chicago have an average cost of $165 which is $12,432 cheaper than the average rent for all rentals in Northwest Chicago.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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!