Cheap Apartments for Rent in the Northwest Chicago Neighborhood of Chicago, IL from $500 (1,056 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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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6818 N Lakewood Ave, Unit 1
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
1 Bedroom Apartment Available Apr 1

6818 N Lakewood Ave, Unit 1

6818 N Lakewood AveChicago, IL 60626
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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4542 N Damen Ave
$1,225 - $1,570
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,570
Total Monthly Price
$1,225 - $1,570
Studio Apartment Available Now

4542 N Damen Ave

4542 N Damen AveChicago, IL 60625
Affordability

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 West Haven Park II - B priced from $192. Westhaven Park II - A has the second lowest priced unit, which is a 3 Beds apartment currently listed from $239. Here are the most affordable Northwest Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
West Haven Park II - B3 Bedroom3BR,1BA$192
Westhaven Park II - A3 Bedroom3BR,1BA$239
Westhaven Park II - C1 Bedroom1BR,1BA$754
Pine North0BR/1.0BAStudio,1BA$775
5402 W Rice St Chicago, IL 60651Studio ApartmentStudio,1BA$800
4114 W Washington Blvd Chicago, IL 60624Studio ApartmentStudio,1BA$825
5501 W Washington Blvd Chicago, IL 60644Studio ApartmentStudio,1BA$890
5836-46 W Madison St Chicago, IL 60644Studio ApartmentStudio,1BA$895

Best Value Apartments for Rent in Northwest Chicago, IL

As of March 03, 2026 the best value apartment in the Northwest Chicago area is the $0.18 price per square foot 3600 W Sunnyside Ave Model at 3600 W Sunnyside Ave, Unit 2 in the in the Albany Park neighborhood starting from $1,775. The second greatest value Northwest Chicago apartment is the 624 S Oakley Blvd Model at 624 S Oakley Blvd, Unit # 02 starting at $2,250 with a $0.23 price per square foot in the Near West Side 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.
3600 W Sunnyside Ave, Unit 23600 W Sunnyside Ave2BR,1BA$0.18
624 S Oakley Blvd, Unit # 02624 S Oakley Blvd3BR,2BA$0.23
1553 W Hollywood Ave, Unit 3141553 W Hollywood Ave2BR,1BA$0.24
7212 N Paulina St, Unit 1W7212 N Paulina St3BR,2BA$0.26
1624 W Olive Ave, Unit 21624 W Olive Ave2BR,1BA$0.28
3853 W Palmer St, Unit # 02W3853 W Palmer St3BR,1BA$0.27
3616 W Lexington St, Unit 23616 W Lexington St1BR,1BA$0.59
2125 N Lorel Ave, Unit Garden bedroom for rent2125 N Lorel Ave1BR,1BA$0.80
Westhaven Park II - A2 Bedroom2BR,1BA$0.24
Westhaven Park II - C1 Bedroom1BR,1BA$0.92

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
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 the Cheapest Studio apartment in Northwest Chicago?

Currently the most affordable Cheap Studio Apartment in Northwest Chicago is at Pine North listed at $775.

How much is rent for a Cheap One Bedroom Northwest Chicago Apartment?

The lowest price for a Cheap One Bedroom Northwest Chicago Apartment is $192 at West Haven Park II - B.

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

Today's best deal for a Cheap Two Bedroom Apartment in Northwest Chicago is starting from $192 at West Haven Park II - B.

What is the most affordable Northwest Chicago Three Bedroom Apartment?

The best deal on a cheap Northwest Chicago Three Bedroom Apartment rental is at West Haven Park II - B and starts from $192.

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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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.