
Cheap Homes for Rent in Riverdale Neighborhood of Chicago, IL from $1,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverdale area of Chicago.


154 W 118th St

164 E 119th St, Unit 1st fl

414 W 144th St, Unit Studio/Basement

13313 S Eberhart Ave

12863 S Normal Ave
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.

1601 Downs Dr

414 W 144th St

557 W 126th St

56 W 113th Pl

251 W 115th St

12027 S Lafayette Ave
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.

322 W 116th St, Unit 2
Riverdale, Chicago, IL Local Guide

How much does it cost to rent a home in Riverdale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverdale 2 Bedroom Homes for Rent | $1,573 | $1,095 | $1,950 |
| Riverdale 3 Bedroom Homes for Rent | $1,921 | $1,600 | $2,400 |
| Riverdale 4 Bedroom Homes for Rent | $2,350 | $1,400 | $3,000 |
| Riverdale 5 Bedroom Homes for Rent | $2,630 | $2,390 | $3,000 |
| Riverdale 6 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Riverdale Neighborhood of Chicago, IL.
Explore Chicago
Riverdale, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. 11932 S Stewart Ave Chicago, IL 60628 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Riverdale apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 12157 S Michigan Ave | 1 Bedroom Studio | 1BR,1BA | $850 |
| 11932 S Stewart Ave Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $995 |
| The Lakes Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,170 |
| 13905-37 S Clark St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,185 |
| 14047 S Tracy Ave | 2BD/1BA | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Riverdale, IL
As of April 24, 2026 the best value apartment in the Riverdale area is the $1.00 price per square foot 14047 S Tracy Ave Model at 14047 S Tracy Ave, Unit 1B in the in the College District neighborhood starting from $1,200. The second greatest value Riverdale apartment is the 2BD/1BA Model at 14047 S Tracy Ave starting at $1,200 with a $1.00 price per square foot in the College District neighborhood. Here is today’s list of the best values for Riverdale apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 14047 S Tracy Ave, Unit 1B | 14047 S Tracy Ave | 2BR,1BA | $1.00 |
| 14047 S Tracy Ave | 2BD/1BA | 2BR,1BA | $1.00 |
| The Lakes Apartments | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.40 |
| 12157 S Michigan Ave | 1 Bedroom Studio | 1BR,1BA | $1.00 |
| 13256 S Prairie Ave Chicago, IL 60827 | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.72 |
| 14021-25 S Tracy Ave Riverdale, IL 60827 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.62 |
| 14015-19 S Tracy Ave Riverdale, IL 60827 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.70 |
| 89 Paxton Ave, Unit 89paxton | 89 Paxton Ave | 1BR,1BA | $1.62 |
| 13905-37 S Clark St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.73 |
| 11932 S Stewart Ave Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.79 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleBest 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
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleA 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
Read ArticleQuick 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.
Pet Friendly LifestyleRiverdale, Chicago, IL
Ranked #133
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Riverdale
What type of rentals are currently available in Riverdale?
There are currently 175 Apartments for Rent in Riverdale, IL with pricing that ranges from $850 to $1,875. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverdale ranging from $1,095 to $3,000.
What is the current price range for Rental Homes in Riverdale?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverdale ranges from $1,095 to $3,000 with an average monthly rent of $2,254.
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

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.

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.

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.

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

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.

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.

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.

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.