
Cheap Apartments for Rent in the Albany Park Neighborhood of Chicago, IL from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Albany Park area of Chicago.


The Sovereign

3957 W Irving Park Rd

4241 Kenmore Apartments

3806 W Irving Park Rd

5029 N Harding Ave, Unit G

5033 N Harding Ave, Unit 1
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
Albany Park, Chicago, IL Local Guide

How much does it cost to rent an apartment in Albany Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albany Park Studio Apartments | $1,085 | $532 | $1,512 |
Albany Park 1 Bedroom Apartments | $1,898 | $1,272 | $3,850 |
Albany Park 2 Bedroom Apartments | $2,030 | $1,495 | $3,795 |
Albany Park 3 Bedroom Apartments | $2,985 | $2,150 | $4,400 |
Albany Park 4 Bedroom Apartments | $4,437 | $2,375 | $6,500 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Albany Park Neighborhood of Chicago, IL.
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
4756 N Maplewood Ave | Maplewood - Studio 08 & 11 Tier | Studio,1BA | $1,150 |
4241 Kenmore Apartments | Studio Units | Studio,1BA | $1,200 |
The Sovereign | 1 Bed - Large | 1BR,1BA | $1,415 |
5054 N Ridgeway Ave | 2br | 2BR,1BA | $1,600 |
Best Value Apartments for Rent in Albany Park, IL
As of March 26, 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 starting at $2,800 with a $1.87 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
4343 N Spaulding Ave, Unit #2 | 4343 N Spaulding Ave | 3BR,1BA | $0.22 |
4319 N Francisco Ave | 4319 N Francisco Ave | 3BR,3BA | $1.87 |
4319 N Francisco Ave, Unit Garden | 4319 N Francisco Ave | 3BR,3BA | $1.87 |
4915 N Drake Ave, Unit 1 | 4915 N Drake Ave | 4BR,1BA | $1.58 |
4034 N Bernard St, Unit 2nd Floor | 4034 N Bernard St | 3BR,1BA | $1.86 |
4343 N Spaulding Ave, Unit 2 | 4343 N Spaulding Ave | 3BR,1BA | $1.72 |
4343 N Spaulding Ave, Unit 2 | 4343 N Spaulding Ave | 3BR,1BA | $1.72 |
3442 W Foster Ave | 3442 W Foster Ave | 2BR,1BA | $1.86 |
3438 W Foster Ave | 3438 W Foster Ave | 2BR,1BA | $1.86 |
The Sovereign | 1 Bed - Large | 1BR,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
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 the Cheapest Studio apartment in Albany Park?
Currently the most affordable Cheap Studio Apartment in Albany Park is at 4756 N Maplewood Ave listed at $1,150.
How much is rent for a Cheap One Bedroom Albany Park Apartment?
The lowest price for a Cheap One Bedroom Albany Park Apartment is $1,415 at The Sovereign.
What is the lowest price for a Cheap Two Bedroom Albany Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Albany Park is starting from $1,600 at 5054 N Ridgeway Ave.
What is the most affordable Albany Park Three Bedroom Apartment?
The best deal on a cheap Albany Park Three Bedroom Apartment rental is at and starts from $2,150.
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.

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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.