
Cheap Apartments for Rent in the Ravenswood Neighborhood of Chicago, IL from $500 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Ravenswood area of Chicago.


Issel Building

1470 W Argyle St

Total Monthly Price
4823 N Damen Ave, Unit A05C

Total Monthly Price
4552 N Damen Ave, Unit A02C

4542 N Damen Ave, Unit 210

4542 N Damen Ave, Unit A03C

4831 N Damen Ave
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.

5021 N Damen Ave

2234 W Wilson Ave, Unit 211

4735 N Hermitage Ave, Unit 407

Total Monthly Price
4857 N Damen Ave

Total Monthly Price
1917 W Winnemac Ave, Unit A05C

Canvas at Leland Plaza

Damen Apartments

4641 N Paulina St
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.

1466 W Argyle St

Ravenswood Apartments

4801 North Ravenswood

4518-4528 N Damen Ave

4625-35 N. Winchester Ave.

wolcott equities

4614 N Paulina

4407 Wolcott
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!

Damen Ave Apartments

4610 N Hermitage Ave

4441-4455 N Damen Ave

4424-4432 N Seeley Ave

Archive: Wolcott Terrace - 5017 N Wolcott Ave

The Westerner

4840 N Rockwell St

4626 Wolcott Avenue Apartments
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.

1825-1839 W Foster Ave

Ravenswood Vista Apartments

2103-23 W. Berwyn Ave.

2500-08 W. Pensacola Ave. / 4334-42 N. Campbell Ave

4606 N. Hermitage

Bell Lawrence

5101 N Winchester Ave

The Schoolhouse
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.

Argyle Manor

2115-2123 W Farragut Ave

2100-2112 W Ainslie St
Ravenswood, Chicago, IL Local Guide

How much does it cost to rent an apartment in Ravenswood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ravenswood Studio Apartments | $1,556 | $1,075 | $2,400 |
| Ravenswood 1 Bedroom Apartments | $1,957 | $1,400 | $3,223 |
| Ravenswood 2 Bedroom Apartments | $2,601 | $1,650 | $4,570 |
| Ravenswood 3 Bedroom Apartments | $3,529 | $2,450 | $5,150 |
| Ravenswood 4 Bedroom Apartments | $3,500 | $3,500 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Ravenswood Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Cheapest Available Ravenswood Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4606 N. Hermitage | Studio | Studio,1BA | $1,200 |
Best Value Apartments for Rent in Ravenswood, IL
As of March 13, 2026 the best value apartment in the Ravenswood area is the $2.00 price per square foot 4638 N Hamilton Ave Model at 4638 N Hamilton Ave, Unit 1F in the in the Ravenswood neighborhood starting from $5,000. The second greatest value Ravenswood apartment is the 1454 W Winnemac Ave Model at 1454 W Winnemac Ave, Unit 3 starting at $3,295 with a $1.94 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4638 N Hamilton Ave, Unit 1F | 4638 N Hamilton Ave | 5BR,2BA | $2.00 |
| 1454 W Winnemac Ave, Unit 3 | 1454 W Winnemac Ave | 2BR,1BA | $1.94 |
| 1455 W Wilson Ave, Unit 2 | 1455 W Wilson Ave | 2BR,1BA | $1.88 |
| 4537 N Greenview Ave, Unit Garden F | 4537 N Greenview Ave | 2BR,2BA | $2.00 |
| 4852 N Talman Ave, Unit 2 | 4852 N Talman Ave | 2BR,1BA | $1.96 |
| 5120 N Winchester Ave, Unit 3 | 5120 N Winchester Ave | 2BR,2BA | $2.00 |
| 2736 W Farragut Ave, Unit 2 | 2736 W Farragut Ave | 3BR,1BA | $1.96 |
| 5076 N Wolcott Ave, Unit 1 | 5076 N Wolcott Ave | 2BR,1BA | $1.97 |
| 5133 N Wolcott Ave, Unit 1A | 5133 N Wolcott Ave | 1BR,1BA | $1.83 |
| 5131 N Wolcott Ave, Unit 1 | 5131 N Wolcott Ave | 1BR,1BA | $1.83 |
Frequently Asked Questions about Cheap Ravenswood Apartments
What is the Cheapest Studio apartment in Ravenswood?
Currently the most affordable Cheap Studio Apartment in Ravenswood is at 4606 N. Hermitage listed at $1,200.
How much is rent for a Cheap One Bedroom Ravenswood Apartment?
The lowest price for a Cheap One Bedroom Ravenswood Apartment is $1,550 at 4756 N. Maplewood Ave..
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

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.

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.

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.

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

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.

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.

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.

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.