Cheap Apartments for Rent in the Ravenswood Neighborhood of Chicago, IL from $500 (65 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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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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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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Canvas at Leland Plaza
Studio to 2 Bedroom Apartments

Canvas at Leland Plaza

4713 N Western AveChicago, IL 60625
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Damen Apartments
Studio to 1 Bedroom Apartments

Damen Apartments

4851 N DamenChicago, IL 60625
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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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Ravenswood Apartments
Studio to 2 Bedroom Apartments

Ravenswood Apartments

4407-4415 N Greenview AveChicago, 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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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 to 1 Bedroom Apartments

4518-4528 N Damen Ave

4518-4528 N Damen AveChicago, IL 60625
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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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wolcott equities
1 to 2 Bedroom Apartments

wolcott equities

4534 N Wolcott AveChicago, IL 60640
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4614 N Paulina
Studio to 1 Bedroom Apartments

4614 N Paulina

4614 N PaulinaChicago, 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
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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
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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!

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Showing Results 1-50, Page 1 of 2

Cheapest Available Ravenswood Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
4756 N. Maplewood Ave.0BR/1.0BAStudio,1BA$1,250

Best Value Apartments for Rent in Ravenswood, IL

As of April 27, 2026 the best value apartment in the Ravenswood area is the $1.94 price per square foot 1454 W Winnemac Ave Model at 1454 W Winnemac Ave, Unit 3 in the in the Uptown Chicago neighborhood starting from $3,295. 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.
1454 W Winnemac Ave, Unit 31454 W Winnemac Ave2BR,1BA$1.94
1455 W Wilson Ave, Unit 21455 W Wilson Ave2BR,1BA$1.88
4858 N Talman Ave, Unit 14858 N Talman Ave2BR,1BA$1.79
4836 N Paulina St, Unit G4836 N Paulina St3BR,2BA$2.08
5076 N Wolcott Ave, Unit 15076 N Wolcott Ave2BR,1BA$1.97
2177 W Giddings St2177 W Giddings St2BR,1BA$1.95
5133 N Wolcott Ave, Unit 1A5133 N Wolcott Ave1BR,1BA$1.83
5131 N Wolcott Ave, Unit 15131 N Wolcott Ave1BR,1BA$1.83
5103 N Winchester Ave5103 N Winchester Ave1BR,1BA$1.75
4414 N Whipple St, Unit 14-2N4414 N Whipple St1BR,1BA$2.03

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 4756 N. Maplewood Ave. listed at $1,250.

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

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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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.

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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.

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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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.