
Cheap Homes for Rent in Niles, IL from $900 (39 Rentals)
Search the lowest-cost Homes available for rent right now in Niles.


4641 N Paulina St

4641 N Paulina St

3523 Central Rd, Unit 101

10406 Michael Todd Terrace

2555 E Ballard Rd

9717 Bianco Terrace

7632.5 N Milwaukee Ave

7628 N Milwaukee 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.

7632 N Milwaukee Ave

7632 N Milwaukee Ave

7626.5 N Milwaukee Ave

7628 N Milwaukee Ave

5413 N Mobile Ave

2555 E Ballard Rd

6010 W Seminole St

8541 Lotus Ave

9128 W Terrace Dr
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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.

9368 Bay Colony Dr

5443 N Sayre Ave

2500 Windsor Mall

8232 Niles Center Rd

6048 N Elston Ave

9457 Bay Colony Dr

9461 Bay Colony Dr

4817 Hull St, Unit 1

9422 Bay Colony Dr
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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8232 Niles Center Rd, Unit # 304

6462 N Northwest Hwy

6550 W Ebinger Dr, Unit 2

9460 Bay Colony Dr

8050 Niles Ave

9381 Bay Colony Dr

4180 Williamsburg Ct

9205 Potter Rd, Unit 1A

382 Oak Trails Rd
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

9475 Bay Colony Dr

6259 W Peterson Ave

2308 Oakton St
Niles, IL Local Guide

How much does it cost to rent a home in Niles?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Niles 2 Bedroom Homes for Rent | $2,256 | $1,500 | $3,300 |
| Niles 3 Bedroom Homes for Rent | $3,331 | $2,200 | $7,500 |
| Niles 4 Bedroom Homes for Rent | $4,727 | $3,100 | $6,450 |
| Niles 5 Bedroom Homes for Rent | $6,250 | $4,000 | $8,750 |
Browse Top Homes for Rent in Niles
Explore Niles
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 Park Ridge Commons in the Near North Suburban Cook neighborhood priced from $1,469. Glen Oaks Commons in the Near North Suburban Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here is today’s list of the most affordable Niles apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park Ridge Commons | EIGHT50 | 1BR,1BA | $1,469 |
| Glen Oaks Commons | English Oak | 1BR,1BA | $1,550 |
| Oak Trails Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1,600 |
Best Value Apartments for Rent in Niles, IL
As of January 27, 2026 the best value apartment in the Niles area is the $1.85 price per square foot 7202 W Crain St Model at 7202 W Crain St, Unit #2 in the in the Near North Suburban Cook neighborhood starting from $2,400. The second greatest value Niles apartment is the 5850 N Mulligan Ave Model at 5850 N Mulligan Ave, Unit 1 starting at $1,950 with a $1.63 price per square foot in the Norwood Park 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. |
|---|---|---|---|
| 7202 W Crain St, Unit #2 | 7202 W Crain St | 3BR,1.5BA | $1.85 |
| 5850 N Mulligan Ave, Unit 1 | 5850 N Mulligan Ave | 3BR,1BA | $1.63 |
| Oak Trails Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.45 |
| 10380 Michael Todd Terrace, Unit 2W | 10380 Michael Todd Terrace | 2BR,1BA | $1.55 |
| 6331 W Devon Ave, Unit 2F | 6331 W Devon Ave | 2BR,1BA | $1.95 |
| 1401 Carol St, Unit 1 | 1401 Carol St | 2BR,1BA | $1.90 |
| 5639 Austin N Ave, Unit 1 | 5639 Austin N Ave | 2BR,1BA | $1.79 |
| 9608 N Greenwood Ave, Unit 1 West | 9608 N Greenwood Ave | 1BR,1BA | $1.97 |
| Glen Oaks Commons | English Oak | 1BR,1BA | $2.07 |
| 8450 Waukegan Rd, Unit 1 | 8450 Waukegan Rd | 1BR,1BA | $2.14 |
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 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.
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 Niles
What type of rentals are currently available in Niles?
There are currently 527 Apartments for Rent in Niles, IL with pricing that ranges from $1,180 to $19,343. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Niles ranging from $900 to $8,750.
What is the current price range for Rental Homes in Niles?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Niles ranges from $900 to $8,750 with an average monthly rent of $3,262.
How much are larger Three and Four Bedroom Rentals in Niles?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Niles range from $1,950 to $16,678, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $7,500. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $7,976.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.