Cheap Apartments for Rent in the Albany Park Neighborhood of Chicago, IL from $500 (36 Rentals)

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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

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4831 N Kimball Ave
Studio Apartments

4831 N Kimball Ave

4831 N Kimball AveChicago, IL 60625
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4720 N Spaulding Ave
1 Bedroom Apartments

4720 N Spaulding Ave

4720 N Spaulding AveChicago, IL 60625
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4855 N Kimball Ave
1 Bedroom Apartments

4855 N Kimball Ave

4855 N Kimball AveChicago, IL 60625
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4815 N Springfield
1 to 2 Bedroom Apartments

4815 N Springfield

4815 N SpringfieldChicago, IL 60625
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4142 N Avers Ave
1 Bedroom Apartments

4142 N Avers Ave

4142 N Avers AveChicago, IL 60618
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4705 N Central Park Ave
Studio to 2 Bedroom Apartments

4705 N Central Park Ave

4705 N Central Park AveChicago, IL 60625
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3001 W Lawrence Ave
1 to 2 Bedroom Apartments

3001 W Lawrence Ave

3001 W Lawrence AveChicago, IL 60625
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Showing Results 1-36, Page 1 of 1

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 The Sovereign priced from $855. 4756 N Maplewood Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Albany Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
The SovereignStudio - SmallStudio,1BA$855
4756 N Maplewood AveMaplewood - Studio 08 & 11 TierStudio,1BA$1,150
4241 Kenmore ApartmentsStudio UnitsStudio,1BA$1,200

Best Value Apartments for Rent in Albany Park, IL

As of April 11, 2025 the best value apartment in the Albany Park area is the $1.70 price per square foot 4040 N Avers Ave Model at 4040 N Avers Ave, Unit 1 in the in the Albany Park neighborhood starting from $3,575. The second greatest value Albany Park apartment is the 4829 N Central Park Ave Model at 4829 N Central Park Ave, Unit 1 starting at $2,650 with a $1.66 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.
4040 N Avers Ave, Unit 14040 N Avers Ave4BR,3BA$1.70
4829 N Central Park Ave, Unit 14829 N Central Park Ave5BR,2BA$1.66
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
4001 W Montrose Ave, Unit 24001 W Montrose Ave3BR,1BA$1.44
4716 N Kedzie Ave, Unit 24716 N Kedzie Ave2BR,1BA$1.38
4044 N California Ave, Unit 1034044 N California Ave1BR,1BA$1.61
4604 N Monticello Ave, Unit 3E4604 N Monticello Ave1BR,1BA$1.77
5033 N Harding Ave, Unit 15033 N Harding Ave1BR,1BA$1.73

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,200.

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

The cheapest apartment in Albany Park is The Sovereign which is listed at $1,290, while the average apartment in Albany Park costs $5,900.

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 3 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 $468 which is $5,432 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.

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