Cheap Apartments for Rent in the Ravenswood Neighborhood of Chicago, IL from $500 (57 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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4647 N Manor Ave, Unit #G
$1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450
1 Bedroom Apartment Available Jul 15

4647 N Manor Ave, Unit #G

4647 N Manor AveChicago, IL 60625
Affordability
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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.

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Canvas at Leland Plaza
Studio to 2 Bedroom Apartments

Canvas at Leland Plaza

4713 N Western AveChicago, IL 60625
  • Utilities Included
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4641 N Paulina St
Studio to 1 Bedroom Apartments

4641 N Paulina St

4641 N PaulinaChicago, IL 60640
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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
  • Utilities Included

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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4801 North Ravenswood
Studio to 2 Bedroom Apartments

4801 North Ravenswood

4801 N Ravenswood AveChicago, IL 60640
  • Utilities Included
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4518-4528 N Damen Ave
Studio to 1 Bedroom Apartments

4518-4528 N Damen Ave

4518-4528 N Damen AveChicago, IL 60625
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wolcott equities
1 to 2 Bedroom Apartments

wolcott equities

4534 N Wolcott AveChicago, IL 60640
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4407 Wolcott
Studio to 1 Bedroom 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
Studio to 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
  • Utilities Included

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 Westerner
Studio to 1 Bedroom Apartments

The Westerner

2407 W Eastwood AveChicago, IL 60625
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4840 N Rockwell St
Studio to 1 Bedroom Apartments

4840 N Rockwell St

4840 N Rockwell StChicago, IL 60625
  • Utilities Included
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1825-1839 W Foster Ave
Studio to 2 Bedroom Apartments

1825-1839 W Foster Ave

1825-1839 W Foster AveChicago, IL 60640
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2103-23 W. Berwyn Ave.
1 to 3 Bedroom Apartments

2103-23 W. Berwyn Ave.

2103-2123 W Berwyn AveChicago, IL 60625
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4606 N. Hermitage
Studio to 1 Bedroom Apartments

4606 N. Hermitage

4606 N Hermitage AveChicago, IL 60640
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Bell Lawrence
1 to 2 Bedroom Apartments

Bell Lawrence

4801-4813 N Bell AveChicago, IL 60625
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5101 N Winchester Ave
1 Bedroom Apartments

5101 N Winchester Ave

5101 N Winchester AveChicago, IL 60640
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

Best Value Apartments for Rent in Ravenswood, IL

As of June 11, 2026 the best value apartment in the Ravenswood area is the $1.92 price per square foot 1520 W Sunnyside Ave Model at 1520 W Sunnyside Ave, Unit 1WS in the in the Uptown Chicago neighborhood starting from $3,450. The second greatest value Ravenswood apartment is the 1455 W Wilson Ave Model at 1455 W Wilson Ave, Unit 2 starting at $3,000 with a $1.88 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.
1520 W Sunnyside Ave, Unit 1WS1520 W Sunnyside Ave3BR,2BA$1.92
1455 W Wilson Ave, Unit 21455 W Wilson Ave2BR,1BA$1.88
4849 N Seeley Ave, Unit 24849 N Seeley Ave3BR,1BA$2.18
5062 N Winchester Ave, Unit 1E5062 N Winchester Ave2BR,1.5BA$1.97
4519 N Wolcott Ave, Unit 2A4519 N Wolcott Ave2BR,1BA$2.13
5067 N Wolcott Ave, Unit 15067 N Wolcott Ave3BR,1BA$2.14
5076 N Wolcott Ave, Unit 15076 N Wolcott Ave2BR,1BA$1.97
5131 N Wolcott Ave, Unit 35131 N Wolcott Ave1BR,1BA$1.83
4875 N Paulina St4875 N Paulina St1BR,1BA$1.88
4406 N Rockwell St, Unit 24406 N Rockwell St1BR,1BA$2.13

Frequently Asked Questions about Cheap Ravenswood Apartments

How much is rent for a Cheap One Bedroom Ravenswood Apartment?

The lowest price for a Cheap One Bedroom Ravenswood Apartment is $1,741 at Wilson Court - 1901 W Wilson 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

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

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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

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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

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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

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Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.