Cheap Homes for Rent in Ravenswood Neighborhood of Chicago, IL from $1,300 (112 Rentals)

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Search the lowest-cost Homes 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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property at 1829 W Foster Ave

$1,495 - $1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,495 - $1,995
Total Monthly Price
$1,495 - $1,995

Studio To 1 Bedroom Condos for Rent

Available Aug 1

1829 W Foster Ave

ChicagoIL60640

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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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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property at 2612 W Gunnison St

$1,635

Total Monthly Price

Total Monthly Price

Base Rent
$1,635
Total Monthly Price
$1,635

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

2612 W Gunnison St, Unit 3F

2612 W Gunnison St
ChicagoIL60625

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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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 Ravenswood

What type of rentals are currently available in Ravenswood?

There are currently 713 Apartments for Rent in Ravenswood, IL with pricing that ranges from $1,100 to $5,089. There are also 290 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ravenswood ranging from $1,300 to $8,500.

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 $1,300 to $8,500 with an average monthly rent of $3,742.

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 $2,100 to $5,089, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $7,500. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $4,765.

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

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.

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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.