Cheap Homes for Rent in Northwest Chicago Neighborhood of Chicago, IL from $700 (806 Rentals)

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Search the lowest-cost Homes available for rent right now in the Northwest Chicago area of Chicago.

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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 Studio unit found at Pine North priced from $765. 5125 W Madison St has the second lowest priced unit, which is a Studio apartment currently listed from $885. Here are the most affordable Northwest Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Pine North0BR/1.0BAStudio,1BA$765
5125 W Madison StStudio ApartmentStudio,1BA$885
7251-7259 LawrencestudioStudio,1BA$900
723-25 N Central Ave1 Bedroom 1 Bath Apartment1BR,1BA$940
5957 W Madison St1 Bedroom 1 Bath Apartment1BR,1BA$980
4850 W North AveNSTUDIO1Studio,1BA$990
1528 W Pratt BlvdStudioStudio,1BA$1,025

Best Value Apartments for Rent in Northwest Chicago, IL

As of July 30, 2025 the best value apartment in the Northwest Chicago area is the $0.22 price per square foot 5937 N Paulina St Model at 5937 N Paulina St, Unit # 03W in the in the Edgewater neighborhood starting from $2,200. The second greatest value Northwest Chicago apartment is the 4849 N Seeley Ave Model at 4849 N Seeley Ave, Unit # 02 starting at $3,450 with a $0.35 price per square foot in the Ravenswood 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.
5937 N Paulina St, Unit # 03W5937 N Paulina St2BR,1BA$0.22
4849 N Seeley Ave, Unit # 024849 N Seeley Ave3BR,1BA$0.35
2315 N Rockwell St, Unit D22315 N Rockwell StStudio ,1BA$0.16
3852 N Southport Ave, Unit # 023852 N Southport Ave2BR,1BA$0.28
1707 N Fairfield Ave, Unit # 021707 N Fairfield Ave2BR,1BA$0.24
1555 W Hollywood Ave, Unit # 02091555 W Hollywood Ave1BR,1BA$0.19
7726 N Paulina St #1, Unit 27726 N Paulina St #13BR,2BA$1.14
4334 W Monroe St, Unit 24334 W Monroe St3BR,1BA$1.06
4340 W Maypole Ave, Unit Garden Unit4340 W Maypole Ave2BR,1BA$1.13
4038 W Potomac Ave, Unit G4038 W Potomac Ave2BR,1BA$1.09

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Frequently Asked Questions about Northwest Chicago

What type of rentals are currently available in Northwest Chicago?

There are currently 10374 Apartments for Rent in Northwest Chicago, IL with pricing that ranges from $835 to $18,000. There are also 2383 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwest Chicago ranging from $750 to $40,000.

What is the current price range for Rental Homes in Northwest Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northwest Chicago ranges from $750 to $40,000 with an average monthly rent of $3,992.

How much are larger Three and Four Bedroom Rentals in Northwest Chicago?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northwest Chicago range from $1,300 to $12,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $40,000. Four Bedroom Single-Family rentals are also available starting from $860 and Four Bedroom Apartments start at $1,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.