Cheap Apartments for Rent in the Ravenswood Neighborhood of Chicago, IL from $700 (60 Rentals)

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

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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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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Damen Apartments
Studio to 1 Bedroom Apartments

Damen Apartments

4851 N DamenChicago, IL 60625
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1466 W Argyle St
Studio Apartments

1466 W Argyle St

1466 W Argyle StChicago, IL 60640
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Ravenswood Apartments
Studio to 2 Bedroom Apartments

Ravenswood Apartments

4407-4415 N Greenview AveChicago, IL 60640
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4801 North Ravenswood
Studio to 2 Bedroom Apartments

4801 North Ravenswood

4801 N Ravenswood AveChicago, IL 60640
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4518-4528 N Damen Ave
Studio Apartments

4518-4528 N Damen Ave

4518-4528 N Damen AveChicago, IL 60625
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wolcott equities
1 Bedroom Apartments

wolcott equities

4534 N Wolcott AveChicago, IL 60640
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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4407 Wolcott
Studio Apartments

4407 Wolcott

4407 N Wolcott AveChicago, IL 60640
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Damen Ave Apartments
1 to 2 Bedroom Apartments

Damen Ave Apartments

5045-5051 N Damen AveChicago, IL 60625
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4441-4455 N Damen Ave
1 Bedroom Apartments

4441-4455 N Damen Ave

4441-4455 N Damen AveChicago, IL 60625
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4424-4432 N Seeley Ave
1 Bedroom Apartments

4424-4432 N Seeley Ave

4424-4432 N Seeley AveChicago, IL 60625
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The Westerner
Studio to 1 Bedroom Apartments

The Westerner

4620 N Western AveChicago, IL 60625
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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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1825-1839 W Foster Ave
1 Bedroom Apartments

1825-1839 W Foster Ave

1825-1839 W Foster AveChicago, IL 60640
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Showing Results 1-50, Page 1 of 2

Cheapest Available Ravenswood Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
4606 N. HermitageStudioStudio,1BA$1,170

Best Value Apartments for Rent in Ravenswood, IL

As of June 27, 2025 the best value apartment in the Ravenswood area is the $1.36 price per square foot 2642 W Farragut Ave Model at 2642 W Farragut Ave, Unit 1 in the in the Lincoln Square neighborhood starting from $3,000. The second greatest value Ravenswood apartment is the 4720 N Dover St Model at 4720 N Dover St, Unit 1 starting at $3,195 with a $1.78 price per square foot in the Uptown Chicago neighborhood. Here is today’s list of the best values for Ravenswood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2642 W Farragut Ave, Unit 12642 W Farragut Ave3BR,2BA$1.36
4720 N Dover St, Unit 14720 N Dover St4BR,2BA$1.78
2740 W Farragut Ave, Unit 12740 W Farragut Ave3BR,2.5BA$1.78
1455 W Wilson Ave, Unit 21455 W Wilson Ave2BR,1BA$1.88
1910 W Winnemac Ave, Unit 1906-21910 W Winnemac Ave2BR,1BA$1.70
1935 W Foster Ave, Unit 35-11935 W Foster Ave2BR,1BA$1.83
5131 N Wolcott Ave, Unit 25131 N Wolcott Ave1BR,1BA$1.76
5023 N Winchester Ave, Unit 25023 N Winchester Ave1BR,1BA$1.79
1904 W Winnemac Ave, Unit GRD1904 W Winnemac Ave1BR,1BA$1.57
5208 N Leavitt St, Unit 2204-15208 N Leavitt St1BR,1BA$1.72

Getting Around the Ravenswood Neighborhood in Chicago, IL

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

90 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

67 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Ravenswood Apartments

What is a cheap apartment in Ravenswood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ravenswood is under $1,170.

What is the price of a cheap apartment in Ravenswood?

The cheapest apartment in Ravenswood is Canvas at Leland Plaza which is listed at $1,608, while the average apartment in Ravenswood costs $3,450.

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

Cheap apartments in Ravenswood have an average cost of $268 which is $3,182 cheaper than the average rent for all rentals in Ravenswood.

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.

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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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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.