Cheap Apartments for Rent in the Albany Park Neighborhood of Chicago, IL from $500 (16 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.

close
View Me
4831 N Kimball Ave
Studio Apartments

4831 N Kimball Ave

4831 N Kimball AveChicago, IL 60625
  • Utilities Included

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
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
5054 N Ridgeway Ave2br2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
4343 N Spaulding Ave, Unit #24343 N Spaulding Ave3BR,1BA$0.22
4319 N Francisco Ave4319 N Francisco Ave3BR,3BA$1.87
4319 N Francisco Ave, Unit Garden4319 N Francisco Ave3BR,3BA$1.87
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
4343 N Spaulding Ave, Unit 24343 N Spaulding Ave3BR,1BA$1.72
4343 N Spaulding Ave, Unit 24343 N Spaulding Ave3BR,1BA$1.72
3442 W Foster Ave3442 W Foster Ave2BR,1BA$1.86
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 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.

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 Renting Smart: Lease Basics Every Renter Needs article

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.

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.