Cheap Homes for Rent in the Ravenswood Neighborhood of Chicago, IL from $1,200 (98 Rentals)

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

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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property at 4738 N Hermitage Ave

$1,550 - $2,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $2,050
Total Monthly Price
$1,550 - $2,050

Studio To 1 Bedroom Condos for Rent

Available Now

4738 N Hermitage Ave

ChicagoIL60640

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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property at 4640 N Paulina St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

Studio, 1 Bath Condo for Rent

Available Aug 1

4640 N Paulina St, Unit 102

4640 N Paulina St
ChicagoIL60640
property at 5137 N Wolcott Ave

$1,735

Total Monthly Price

Total Monthly Price

Base Rent
$1,735
Total Monthly Price
$1,735

1 Bedroom, 1 Bath Condo for Rent

Available Now

5137 N Wolcott Ave, Unit 3

5137 N Wolcott Ave
ChicagoIL60640
property at 2519 W Leland Ave

$1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,775
Total Monthly Price
$1,775

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

2519 W Leland Ave, Unit B2

2519 W Leland Ave
ChicagoIL60625

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Best Value Apartments for Rent in Ravenswood, IL

As of July 27, 2026 the best value apartment in the Ravenswood area is the $0.34 price per square foot 1758 W Montrose Ave Model at 1758 W Montrose Ave, Unit 1E in the in the Lakeview neighborhood starting from $3,375. 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.
1758 W Montrose Ave, Unit 1E1758 W Montrose Ave2BR,2BA$0.34
1455 W Wilson Ave, Unit 21455 W Wilson Ave2BR,1BA$1.88
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
2625 W Berwyn Ave, Unit 2617-3B2625 W Berwyn Ave2BR,1BA$2.18
Emaret at Lincoln Square2 Beds, 1 bath2BR,1BA$1.80
4518 N Wolcott Ave, Unit 3B4518 N Wolcott Ave2BR,1BA$1.43
4406 N Rockwell St, Unit 24406 N Rockwell St1BR,1BA$2.13

Frequently Asked Questions about Ravenswood

What type of rentals are currently available in Ravenswood?

There are currently 703 Apartments for Rent in Ravenswood, IL with pricing that ranges from $1,100 to $5,650. There are also 206 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ravenswood ranging from $1,275 to $6,700.

What is the current price range for Rental Homes in Ravenswood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ravenswood ranges from $1,275 to $6,700 with an average monthly rent of $3,507.

How much are larger Three and Four Bedroom Rentals in Ravenswood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ravenswood range from $1,900 to $5,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,750 to $5,414. Four Bedroom Single-Family rentals are also available starting from $2,899 and Four Bedroom Apartments start at $3,000.

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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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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.