Cheap Homes for Rent in Portage Park Neighborhood of Chicago, IL from $1,300 (10 Rentals)

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

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.

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.

Cheapest Available Portage Park Apartments for Rent

 

The cheapest available apartment rental in the Portage Park area of Chicago, IL is a 1 Bed unit found at Portage Park Theater Apartments priced from $1,330. 4425-31 N. Milwaukee & 5055-65 W. Agatite has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here are the most affordable Portage Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Portage Park Theater Apartments1/1.01BR,1BA$1,330
4425-31 N. Milwaukee & 5055-65 W. Agatite1BR/1.0BA1BR,1BA$1,450
6 Corners Lofts1BR/1.0BA1BR,1BA$2,300

Best Value Apartments for Rent in Portage Park, IL

As of September 19, 2025 the best value apartment in the Portage Park area is the $2.00 price per square foot 4816 W Henderson St Model at 4816 W Henderson St, Unit 2 in the in the Cragin neighborhood starting from $2,595. The second greatest value Portage Park apartment is the 5043 W Cornelia Ave Model at 5043 W Cornelia Ave, Unit 2 starting at $2,100 with a $1.68 price per square foot in the Portage Park neighborhood. Here is today’s list of the best values for Portage Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4816 W Henderson St, Unit 24816 W Henderson St3BR,2BA$2.00
5043 W Cornelia Ave, Unit 25043 W Cornelia Ave3BR,1.5BA$1.68
5008 W Henderson St, Unit 25008 W Henderson St2BR,1BA$1.91
5154 W EDDY ST, Unit Garden Unit5154 W EDDY ST2BR,1BA$1.45
5947 W Montrose Ave, Unit A01C5947 W Montrose Ave2BR,1BA$2.40
6 Corners Lofts1BR/1.0BA1BR,1BA$2.45
4123 N Narragansett Ave, Unit 3rd floor4123 N Narragansett Ave2BR,1BA$1.33
4039 N Long Ave, Unit G4039 N Long Ave2BR,1BA$2.06
5101 W Newport Ave, Unit GDN5101 W Newport Ave2BR,1BA$1.87
Portage Park Theater Apartments1/1.01BR,1BA$2.98

Frequently Asked Questions about Portage Park

What type of rentals are currently available in Portage Park?

There are currently 163 Apartments for Rent in Portage Park, IL with pricing that ranges from $1,200 to $2,925. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portage Park ranging from $1,300 to $3,200.

What is the current price range for Rental Homes in Portage Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Portage Park ranges from $1,300 to $3,200 with an average monthly rent of $1,971.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.