Cheap Apartments for Rent in the Riverdale Neighborhood of Chicago, IL from $600 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverdale 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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property at 251 W 115th St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

251 W 115th St

ChicagoIL60628
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Baric Commons
1 to 3 Bedroom Apartments

Baric Commons

232 E 121st PlzChicago, IL 60628
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12000 S Eggleston Ave
1 to 3 Bedroom Apartments

12000 S Eggleston Ave

12000 S Eggleston AveChicago, IL 60628
  • Utilities Included
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11250 S Indiana
1 to 3 Bedroom Apartments

11250 S Indiana

11250-11256 S Indiana AveChicago, IL 60628
  • Utilities Included
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11932 S Stewart
1 to 2 Bedroom Apartments

11932 S Stewart

11932 S Stewart AveChicago, IL 60628

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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South Union
2 Bedroom Apartments

South Union

12756 S Union AveChicago, IL 60628
  • Utilities Included
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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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property at 13700 S Eggleston Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

4 Bedroom, 1.5 Bath Townhome for Rent

Available Now

13700 S Eggleston Ave

RiverdaleIL60827
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117 Buiding
1 Bedroom Apartments

117 Buiding

117 W 144th StRiverdale, IL 60827
  • Utilities Included
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14141 S School St
2 Bedroom Apartments

14141 S School St

14141 S School StRiverdale, IL 60827
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14124 S Atlantic Ave
2 Bedroom Apartments

14124 S Atlantic Ave

14124 S Atlantic AveRiverdale, IL 60827
  • Utilities Included
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14026 S School St
Studio to 3 Bedroom Apartments

14026 S School St

14026 S School StRiverdale, IL 60827
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14127 S School St
1 to 2 Bedroom Apartments

14127 S School St

14127 S School StRiverdale, IL 60827

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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14138 S School St
Studio to 2 Bedroom Apartments

14138 S School St

14138 S School StRiverdale, IL 60827
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14101 S Atlantic
2 Bedroom Apartments

14101 S Atlantic

14101-14103 S Atlantic AveRiverdale, IL 60827
  • Utilities Included
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14133 S School
1 to 2 Bedroom Apartments

14133 S School

14133 S School StRiverdale, IL 60827
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14020 S School
Studio to 3 Bedroom Apartments

14020 S School

14020 S School StRiverdale, IL 60827
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14123-14125 S Tracy Ave
2 Bedroom Apartments

14123-14125 S Tracy Ave

14123-14125 S Tracy AveRiverdale, IL 60827
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14021 S Tracy
2 Bedroom Apartments

14021 S Tracy

14021 S Tracy AveRiverdale, IL 60827
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Whistler's Crossing
2 to 3 Bedroom Apartments

Whistler's Crossing

13750 S Lowe AveRiverdale, IL 60827
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14015 S Tracy
2 Bedroom Apartments

14015 S Tracy

14015-14019 S Tracy AveRiverdale, IL 60827

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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13256 S Prairie
1 to 4 Bedroom Apartments

13256 S Prairie

13256 S Prairie AveRiverdale, IL 60827
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10 W 137th St
1 to 3 Bedroom Apartments

10 W 137th St

10 W 137th StRiverdale, IL 60827
Showing Results 1-48, Page 1 of 1

Riverdale, Chicago, IL Local Guide

Cheapest Available Riverdale Apartments for Rent

 

The cheapest available apartment rental in the Riverdale area of Chicago, IL is a 1 Bed unit found at 12157 S Michigan Ave priced from $850. 12013 S Eggleston Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Riverdale apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
12157 S Michigan Ave1 Bedroom Studio1BR,1BA$850
12013 S Eggleston Avenue1 Bedroom |1 Bath1BR,1BA$900
11932 S Stewart1 Bedroom 1 Bath Apartment1BR,1BA$995
13905 S Clark1 Bedroom 1 Bath Apartment1BR,1BA$1,185
14047 S Tracy Ave2BD/1BA2BR,1BA$1,200
14021 S Tracy2 Bedroom 1 Bath Apartment2BR,1BA$1,225
14015 S Tracy2 Bedroom 1 Bath Apartment2BR,1BA$1,290

Best Value Apartments for Rent in Riverdale, IL

As of May 27, 2026 the best value apartment in the Riverdale area is the $1.00 price per square foot 2BD/1BA Model at 14047 S Tracy Ave in the in the College District neighborhood starting from $1,200. The second greatest value Riverdale apartment is the 1 Bedroom Studio Model at 12157 S Michigan Ave starting at $850 with a $1.00 price per square foot in the South Chicago neighborhood. Here is today’s list of the best values for Riverdale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
14047 S Tracy Ave2BD/1BA2BR,1BA$1.00
12157 S Michigan Ave1 Bedroom Studio1BR,1BA$1.00
14021 S Tracy2 Bedroom 1 Bath Apartment2BR,1BA$1.62
14015 S Tracy2 Bedroom 1 Bath Apartment2BR,1BA$1.70
13905 S Clark1 Bedroom 1 Bath Apartment1BR,1BA$1.73
11932 S Stewart1 Bedroom 1 Bath Apartment1BR,1BA$1.79

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Riverdale, Chicago, IL

Ranked #129

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Riverdale Apartments

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

The lowest price for a Cheap One Bedroom Riverdale Apartment is $850 at 12157 S Michigan Ave.

What is the lowest price for a Cheap Two Bedroom Riverdale Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Riverdale is starting from $1,200 at 14047 S Tracy 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

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.