Cheap Homes for Rent in Lincolnwood, IL from $1,000 (82 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes 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.

Read Article

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.

Read Article
property at 5556 N Central Ave

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

1 Bedroom, 1 Bath Condo for Rent

Available Now

5556 N Central Ave, Unit 1, Unit 1

5556 N Central Ave
ChicagoIL60630

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.

Read Article

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.

Read Article

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!

Read Article
Showing Results 1-50, Page 1 of 2

Lincolnwood, IL Local Guide

Cheapest Available Lincolnwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lincolnwood, IL is a 1 Bed unit found at 7333 Ridge in the Rogers Park neighborhood priced from $1,395. 5054 N Ridgeway Ave in the North Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here is today’s list of the most affordable Lincolnwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
7333 RidgeOne Bedroom - Large1BR,1BA$1,395
5054 N Ridgeway Ave2 br2BR,1BA$1,400
2545 W Fitch1x1S1BR,1BA$1,430
2415-2417 W Birchwood Ave1 BED, 1 BATH1BR,1BA$1,550
Garden House Apartments1 Bed F, G, H, and I1BR,1BA$1,630
Lotus Gardens Apartments1 Bedroom Renovated1BR,1BA$1,650

Best Value Apartments for Rent in Lincolnwood, IL and Nearby

As of May 23, 2026 the best value apartment in the Lincolnwood area is the $1.80 price per square foot 5207 Galitz St Model at 5207 Galitz St, Unit 1 in the in the Forest Glen neighborhood starting from $3,600. The second greatest value Lincolnwood apartment is the 6441 N Francisco Ave Model at 6441 N Francisco Ave, Unit 2 starting at $2,100 with a $1.08 price per square foot in the West Ridge 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.
5207 Galitz St, Unit 15207 Galitz St4BR,2BA$1.80
6441 N Francisco Ave, Unit 26441 N Francisco Ave3BR,2BA$1.08
5024 N Ridgeway Ave, Unit 15024 N Ridgeway Ave3BR,1.5BA$1.28
8350 Kimball AveModel 23BR,2BA$1.83
5473 N Parkside Ave, Unit 25473 N Parkside Ave3BR,1.5BA$1.68
6535 N Mozart St, Unit 6535 N Mozart6535 N Mozart St2BR,1BA$1.46
5222 N Ludlam Ave, Unit 2 Floor5222 N Ludlam Ave1BR,1BA$1.33
2241 W Morse Ave, Unit 22241 W Morse Ave2BR,2BA$1.82
9000 La Crosse Ave, Unit 1n9000 La Crosse Ave2BR,1BA$1.83
7502 N Hoyne Ave7502 N Hoyne Ave1BR,1BA$1.50

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.

Read Article
Decorative image

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

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Lincolnwood, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lincolnwood, IL

View Map
Lincolnwood, IL Apartments Map
View Map
Lincolnwood, IL Rental Homes Map

Frequently Asked Questions about Lincolnwood

What type of rentals are currently available in Lincolnwood?

There are currently 1316 Apartments for Rent in Lincolnwood, IL with pricing that ranges from $1,050 to $17,597. There are also 211 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincolnwood ranging from $1,000 to $6,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincolnwood ranges from $1,000 to $6,500 with an average monthly rent of $2,686.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lincolnwood range from $1,850 to $17,597, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,345 and Four Bedroom Apartments start at $3,345.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.