Cheap Apartments for Rent in the Albany Park Neighborhood of Chicago, IL from $500 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Albany Park area of Chicago.

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

close
View Me
4831 N Kimball Ave
Studio Apartments

4831 N Kimball Ave

4831 N Kimball AveChicago, IL 60625
  • Utilities Included
close
View Me
4720 N Spaulding Ave
1 Bedroom Apartments

4720 N Spaulding Ave

4720 N Spaulding AveChicago, IL 60625
  • Utilities Included
close
View Me
4855 N Kimball Ave
1 Bedroom Apartments

4855 N Kimball Ave

4855 N Kimball AveChicago, IL 60625
  • Utilities Included
close
View Me
4815 N Springfield
1 to 2 Bedroom Apartments

4815 N Springfield

4815 N SpringfieldChicago, IL 60625
  • Utilities Included
close
View Me
4142 N Avers Ave
1 Bedroom Apartments

4142 N Avers Ave

4142 N Avers AveChicago, IL 60618
  • Utilities Included

Cheapest Available Albany Park Apartments for Rent

 

The cheapest available apartment rental in the Albany Park area of Chicago, IL is a Studio unit found at 4756 N Maplewood Ave priced from $1,150. 4241 Kenmore Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Albany Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
4756 N Maplewood AveMaplewood - Studio 08 & 11 TierStudio,1BA$1,150
4241 Kenmore ApartmentsStudio UnitsStudio,1BA$1,200
The Sovereign1 Bed - Large1BR,1BA$1,415

Best Value Apartments for Rent in Albany Park, IL

As of March 22, 2025 the best value apartment in the Albany Park area is the $0.22 price per square foot 4343 N Spaulding Ave Model at 4343 N Spaulding Ave, Unit #2 in the in the Albany Park neighborhood starting from $2,150. The second greatest value Albany Park apartment is the 4319 N Francisco Ave Model at 4319 N Francisco Ave, Unit Garden starting at $2,900 with a $1.93 price per square foot in the Albany Park neighborhood. Here is today’s list of the best values for Albany Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4343 N Spaulding Ave, Unit #24343 N Spaulding Ave3BR,1BA$0.22
4319 N Francisco Ave, Unit Garden4319 N Francisco Ave3BR,3BA$1.93
4915 N Drake Ave, Unit 14915 N Drake Ave4BR,1BA$1.58
4034 N Bernard St, Unit 2nd Floor4034 N Bernard St3BR,1BA$1.86
3714 W Irving Park Rd, Unit 2 ND FLR3714 W Irving Park Rd2BR,1BA$1.43
4343 N Spaulding Ave, Unit 24343 N Spaulding Ave3BR,1BA$1.72
4343 N Spaulding Ave, Unit 24343 N Spaulding Ave3BR,1BA$1.72
3025 W Irving Park Rd2x1 Irving Park2BR,1BA$1.91
3438 W Foster Ave3438 W Foster Ave2BR,1BA$1.86
The Sovereign1 Bed - Large1BR,1BA$1.74

Getting Around the Albany Park Neighborhood in Chicago, IL

Walk Score®

88 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

59 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Albany Park Apartments

What is a cheap apartment in Albany Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Albany Park is under $1,415.

What is the price of a cheap apartment in Albany Park?

The cheapest apartment in Albany Park is The Sovereign which is listed at $1,415, while the average apartment in Albany Park costs $4,437.

What types of apartments are the cheapest in Albany Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 96 regular apartments in Albany Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Albany Park?

Cheap apartments in Albany Park have an average cost of $495 which is $3,942 cheaper than the average rent for all rentals in Albany Park.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.