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

3947 W Irving Park Rd, Unit 206

4701 St Louis Ave, Unit 5

4241 Kenmore Apartments

3806 W Irving Park Rd

3309 W Irving Park Rd

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

5029 N Harding Ave, Unit G
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 | $1,070 | $532 | $1,512 |
Albany Park 1 Bedroom Apartments | $1,919 | $1,250 | $3,850 |
Albany Park 2 Bedroom Apartments | $2,171 | $1,495 | $3,795 |
Albany Park 3 Bedroom Apartments | $2,992 | $2,150 | $4,400 |
Albany Park 4 Bedroom Apartments | $4,437 | $2,375 | $6,500 |
Browse Apartments in this Neighborhood
There are currently 20 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 |
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 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, Unit Garden | 4319 N Francisco Ave | 3BR,3BA | $1.93 |
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 |
3714 W Irving Park Rd, Unit 2 ND FLR | 3714 W Irving Park Rd | 2BR,1BA | $1.43 |
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 |
3025 W Irving Park Rd | 2x1 Irving Park | 2BR,1BA | $1.91 |
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 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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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