
Cheap Apartments for Rent in Niles, IL from $700 (109 Rentals)
Search the lowest-cost Apartments available for rent right now in Niles.


7560 N Waukegan Rd, Unit GC

7560 Waukegan Rd

8100 W Oakton St

Total Monthly Price
7630 N Milwaukee Ave

Total Monthly Price
7630 N Milwaukee Ave, Unit ONE BEDROOM

9098 W Terrace Dr, Unit 4L

Total Monthly Price
8044 N Oriole Ave, Unit Garden

7632.5 N Milwaukee Ave, Unit B3

Total Monthly Price
7632 N Milwaukee Ave, Unit TWO BEDROOMS
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Nordica Apartments

6911 N Rosemary Ln

8052 N Oriole Ave

Celebrate Senior Living

9098 W Terrace Dr

9074 W Terrace Dr

7553 W Monroe St

8850 N Wisner St

9035 Delphia Ave

Courts of the Fountains
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.

4641 N Paulina St, Unit 103

5260 W Foster Ave, Unit Garden

Courtyards On The Park

304 W Touhy Ave

Total Monthly Price
10380 Michael Todd Terrace

4641 N Paulina St, Unit 103

5335 N Magnet Ave

5933 Northwest Hwy, Unit 1

Total Monthly Price
8450 Waukegan Rd, Unit 1

Total Monthly Price
5329 N Central Ave, Unit 1
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.

Glenwest Apartments

Park Ridge Commons

Glen Oaks Commons

6719 N Oshkosh Ave

6719 N Oshkosh Ave, Unit 1

1112 Castilian Ct, Unit C-108

5930 N Odell Ave

Oak Trails Apartments

5715 N Cicero Ave

Garden House Apartments
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.

The GLEN VIEW

Lotus Gardens Apartments

Total Monthly Price
6626 W Devon Ave, Unit 1

9654 Golf Terrace

8923 Knight Ave

8232 Niles Center Rd, Unit 306

5215 Galitz St

1086 N Northwest Hwy

9822 Bianco Ter, Unit A

6852 W Higgins Ave
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.
Niles, IL Local Guide

How much does it cost to rent an apartment in Niles?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Niles Studio Apartments | $1,943 | $1,180 | $3,419 |
| Cheap Niles 1 Bedroom Apartments | $2,169 | $1,350 | $3,868 |
| Cheap Niles 2 Bedroom Apartments | $2,707 | $1,500 | $4,517 |
| Cheap Niles 3 Bedroom Apartments | $3,842 | $2,000 | $10,000+ |
Browse Top Apartments in Niles
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Niles, IL Local Guide
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Cheapest Available Niles Apartments for Rent
 The cheapest available apartment rental in Niles, IL is a 1 Bed unit found at Courtyards On The Park in the Near North Suburban Cook neighborhood priced from $1,445. Glenwest Apartments in the Techny neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here is today’s list of the most affordable Niles apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Courtyards On The Park | 1x1 Upgrade | 1BR,1BA | $1,445 |
| Glenwest Apartments | Model A | 1BR,1BA | $1,500 |
| Oak Trails Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1,600 |
| Garden House Apartments | 1 Bed F, G, H, and I | 1BR,1BA | $1,630 |
| Legacy Crossings | Alcove | Studio,1BA | $1,650 |
| Lotus Gardens Apartments | 1 Bedroom Renovated | 1BR,1BA | $1,650 |
Best Value Apartments for Rent in Niles, IL
As of July 20, 2026 the best value apartment in the Niles area is the $1.14 price per square foot 5025 Carol St Model at 5025 Carol St, Unit Top floor in the in the Skokie neighborhood starting from $2,500. The second greatest value Niles apartment is the 1121 N Northwest Hwy Model at 1121 N Northwest Hwy, Unit 3 starting at $3,000 with a $1.76 price per square foot in the Park Ridge neighborhood. Here is today’s list of the best values for Niles apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5025 Carol St, Unit Top floor | 5025 Carol St | 3BR,2BA | $1.14 |
| 1121 N Northwest Hwy, Unit 3 | 1121 N Northwest Hwy | 1BR,1BA | $1.76 |
| 907 N Northwest Hwy, Unit 2 | 907 N Northwest Hwy | 3BR,1BA | $1.73 |
| 5620 N Marmora Ave, Unit 1 | 5620 N Marmora Ave | 2BR,1BA | $1.43 |
| 8022 Oriole Ave, Unit 1 floor | 8022 Oriole Ave | 3BR,1.5BA | $1.83 |
| Oak Trails Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.45 |
| 10380 Michael Todd Terrace | 10380 Michael Todd Terrace | 2BR,1BA | $1.45 |
| 5991 N Northwest Hwy, Unit APT 302 | 5991 N Northwest Hwy | 2BR,1BA | $1.90 |
| 1306 Carol St, Unit TWO BEDROOMS | 1306 Carol St | 2BR,1BA | $2.00 |
| 1302 Carol St, Unit TWO BEDS | 1302 Carol St | 2BR,1BA | $2.00 |
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 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 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 ArticleReal 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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Niles, IL Rentals by Map
See the most popular apartments and homes in Niles, IL
Frequently Asked Questions about Cheap Niles Apartments
What is the Cheapest Studio apartment in Niles?
Currently the most affordable Cheap Studio Apartment in Niles is at Legacy Crossings listed at $1,650.
How much is rent for a Cheap One Bedroom Niles Apartment?
The lowest price for a Cheap One Bedroom Niles Apartment is $1,445 at Courtyards On The Park.
What is the lowest price for a Cheap Two Bedroom Niles Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Niles is starting from $1,600 at Oak Trails Apartments.
What is the most affordable Niles Three Bedroom Apartment?
The best deal on a cheap Niles Three Bedroom Apartment rental is at The Monarch and starts from $3,369.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.