Cheap Apartments for Rent in Lincolnwood, IL from $600 (176 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lincolnwood.

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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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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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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Lincolnwood, IL Local Guide

Cheapest Available Lincolnwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lincolnwood, IL is a 2 Beds unit found at 5054 N Ridgeway Ave in the North Park neighborhood priced from $1,400. 2415-2417 W Birchwood Ave in the West Rogers Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here is today’s list of the most affordable Lincolnwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
5054 N Ridgeway Ave2 br2BR,1BA$1,400
2415-2417 W Birchwood Ave1 BED, 1 BATH1BR,1BA$1,450
The Onyx on Hoyne1 Bedroom 1 Bathroom Apartment1BR,1BA$1,450
Garden House Apartments1 Bed F, G, H, and I1BR,1BA$1,630
Lotus Gardens Apartments1 Bedroom1BR,1BA$1,650

Best Value Apartments for Rent in Lincolnwood, IL and Nearby

As of April 30, 2026 the best value apartment in the Lincolnwood area is the $0.63 price per square foot 5617 N Christiana Ave Model at 5617 N Christiana Ave, Unit 2 in the in the North Park neighborhood starting from $2,100. The second greatest value Lincolnwood apartment is the 5822 N Spaulding Ave Model at 5822 N Spaulding Ave, Unit 2 starting at $1,695 with a $0.77 price per square foot in the North Park neighborhood. Here is today’s list of the best values for Lincolnwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5617 N Christiana Ave, Unit 25617 N Christiana Ave3BR,1.5BA$0.63
5822 N Spaulding Ave, Unit 25822 N Spaulding Ave2BR,1BA$0.77
6136 N Mozart St, Unit 46136 N Mozart St4BR,2BA$1.65
2029 W Jarvis Ave, Unit 22029 W Jarvis Ave4BR,2BA$1.28
6441 N Francisco Ave, Unit 26441 N Francisco Ave3BR,2BA$1.08
5505 N Lincoln Ave, Unit 2S5505 N Lincoln Ave3BR,1BA$1.62
3223 W Olive Ave, Unit #13223 W Olive Ave3BR,1BA$1.53
7408 N Hoyne Ave, Unit 37408 N Hoyne Ave3BR,2BA$1.77
829 Dobson St, Unit 3829 Dobson St1BR,1BA$1.50
7300 N Ridge Blvd, Unit #2047300 N Ridge Blvd2BR,1BA$1.70

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.

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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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The 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.

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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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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Lincolnwood Apartments

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

The lowest price for a Cheap One Bedroom Lincolnwood Apartment is $1,400 at 5054 N Ridgeway Ave.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lincolnwood is starting from $1,400 at 5054 N Ridgeway Ave.

What is the most affordable Lincolnwood Three Bedroom Apartment?

The best deal on a cheap Lincolnwood Three Bedroom Apartment rental is at The Damen Fargo and starts from $2,300.

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.

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.

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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.