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from $530Studio to 2 Bedroom Apartments Contact Us For Availability
Canvas at Leland Plaza
4713 N Western AveChicago, IL 60625
Cheap Apartments for Rent in Chicago, IL from $400(2,383 Rentals)
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from $550Studio to 2 Bedroom Apartments Available Now
Stephen's Commons- Senior Living-Age 62+
833 Wilson AveChicago, IL 60640
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from $640Studio Apartments Available Now
5445 Ingleside By 3L Living
5445 S Ingleside AveChicago, IL 60615
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from $685Studio Apartments Available Now
5540 Hyde Park by 3L Living
5540 S Hyde Park BlvdChicago, IL 60637
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from $699Studio Apartments Available Now
5748 Blackstone By 3L Living
5748 S Blackstone AveChicago, IL 60637
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from $700Studio to 2 Bedroom Apartments Contact Us For Availability
Lakeside 6241
6241 N Winthrop AveChicago, IL 60660
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from $7501 to 3 Bedroom Apartments Available Now
Chatham Park Village-Cooperative (Membership)
737 E 83rd PlChicago, IL 60619
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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from $750Studio Apartment Available Now
8936 S Cottage Grove Ave, Unit Rear Studio
8936 S Cottage Grove AveChicago, IL 60619
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from $7501 to 2 Bedroom Apartments Available Now
7801-13 S Essex
7801 S Essex AveChicago, IL 60649
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from $755Studio to 2 Bedroom Apartments Available Now
Washington Plaza
5501 W Washington BlvdChicago, IL 60644
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from $7751 Bedroom Apartment Available Now
5743 S Kenneth Ave, Unit 2
5743 S Kenneth AveChicago, IL 60629
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from $795Studio to 1 Bedroom Apartments Available Now
4114 W Washington Blvd
4114 W Washington BlvdChicago, IL 60624
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from $806Studio to 2 Bedroom Apartments Available Now
Museum Walk Apartments
5541 S Everett AveChicago, IL 60637
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from $825Studio to 2 Bedroom Apartments Available Now
South Shore Beach Apartments
7447 S South Shore DrChicago, IL 60649
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from $850Studio to 1 Bedroom Apartments Available Now
The Townhouse Apartments
7022 S South Shore DrChicago, IL 60649
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from $875Studio Apartments Available Now
Jeffery Parkway Apartments
6731 S Jeffery BlvdChicago, IL 60649
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from $891Studio to 1 Bedroom Apartments Available Now
Plaisance Apartments
6104 S Woodlawn AveChicago, IL 60637
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from $893Studio to 1 Bedroom Apartments Available Now
Bryn Mawr Belle Shore
1039-1049 W Bryn Mawr AveChicago, IL 60660
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from $8931 to 3 Bedroom Apartments Available Now
Park Douglas
2719 W Roosevelt RdChicago, IL 60608
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from $8951 to 3 Bedroom Apartments Available Dec 31
1860 S Komensky Ave
1860 S Komensky AveChicago, IL 60623
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from $9001 Bedroom Apartment Available Now
7915 S Dobson Ave, Unit 2E
7915 S Dobson AveChicago, IL 60619
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from $900Studio to 2 Bedroom Apartments Available Now
4901 S Drexel Blvd
4901 S Drexel BlvdChicago, IL 60615
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from $9001 Bedroom Apartments Available Jan 1, 2025
Chatham Apartments
7505 S Calumet AveChicago, IL 60619
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from $900Studio to 1 Bedroom Apartments Available Now
Darlington Apartments
4700 N Racine AveChicago, IL 60640
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Chicago, IL Local Guide
How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Chicago Studio Apartments | $2,055 | $530 | $8,978 |
| Cheap Chicago 1 Bedroom Apartments | $2,596 | $588 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $3,314 | $710 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $4,210 | $750 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,144 | $725 | $10,000+ |
| Chicago 5 Bedroom Apartments | $3,840 | $960 | $7,500 |
Browse Top Apartments in Chicago
See all Apartments in ChicagoExplore Chicago
Chicago, IL Local Guide
Written By:
Justin HabersaatEditing Staff
- Chicago Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Chicago, IL
Pricing Updated: 12/24/2024Current apartment rentals in the Chicago, IL area range in price from $200 to $92,810 with an overall median price of $2,888. The three Chicago neighborhoods with the lowest median rent pricing are Pullman at $670, Roseland at $585, and Maywood Heritage District at $690. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chicago Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Pullman | $1,150 | $670 | 5 |
| Roseland | $1,160 | $585 | 7 |
| Maywood Heritage District | $1,197 | $690 | 2 |
| South Maywood | $1,197 | $690 | 3 |
| Brainerd | $1,200 | $805 | 4 |
| North Maywood | $1,200 | $725 | 4 |
| Seminary District | $1,233 | $690 | 4 |
| West Calumet | $1,337 | $1,200 | 3 |
| West Village | $1,348 | $775 | 1 |
| West Englewood | $1,350 | $650 | 5 |
Cheapest Available Chicago Apartments for Rent
The cheapest available apartment rental in Chicago, IL is a Studio unit found at 5445 Ingleside By 3L Living in the Hyde Park neighborhood priced from $640. 8000 S Ellis Ave in the Chatham neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $670. Here is today’s list of the most affordable Chicago apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5445 Ingleside By 3L Living | Large Co-Living Single Room | Studio,1BA | $640 |
| 8000 S Ellis Ave | Studio | Studio,1BA | $670 |
| 5540 Hyde Park by 3L Living | _5540 - Single - North | Studio,1BA | $685 |
| 5748 Blackstone By 3L Living | No Kitchenette with Shared Bathroom | Studio,1BA | $699 |
| 7715 S South Shore Dr | Studio Apartment | Studio,1BA | $710 |
| 6238-44 S Western Ave | Studio | Studio,1BA | $725 |
| 7701 S Stewart Ave | Studio Apartment | Studio,1BA | $730 |
| 8152 S Evans | Studio Apartment | Studio,1BA | $735 |
| 6246 S. King Dr. | Two rm Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Chicago, IL
As of December 24, 2024 the best value apartment in the Chicago area is the $0.24 price per square foot 2336 N Wayne Ave Model at 2336 N Wayne Ave, Unit 1R in the in the Bucktown neighborhood starting from $2,400. The second greatest value Chicago apartment is the 2014 N Wolcott Ave Model at 2014 N Wolcott Ave, Unit #1 starting at $2,895 with a $0.29 price per square foot in the Bucktown neighborhood. Here is today’s list of the best values for Chicago apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2336 N Wayne Ave, Unit 1R | 2336 N Wayne Ave | 2BR,1BA | $0.24 |
| 2014 N Wolcott Ave, Unit #1 | 2014 N Wolcott Ave | 2BR,2BA | $0.29 |
| 5754 W 35th St, Unit Floor 2 unit 2 | 5754 W 35th St | 4BR,2BA | $0.20 |
| 3035 N Southport Ave, Unit 1F | 3035 N Southport Ave | 2BR,1.5BA | $0.77 |
| 140 S Austin Blvd | 3BD/1BA | 3BR,1BA | $0.50 |
| 5236 W Crystal St, Unit 5243 w crystal | 5236 W Crystal St | 3BR,1BA | $0.72 |
| 3042 N Ashland Ave, Unit 3 | 3042 N Ashland Ave | 3BR,1BA | $0.76 |
| 9000 S Loomis St, Unit 2 | 9000 S Loomis St | 2BR,1BA | $0.71 |
| Drexel House - Co-Living | Drexel | 1BR,1BA | $0.55 |
| Avenue on Kenwood - Co-Living | Kenwood | 1BR,1BA | $0.60 |
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Chicago Overview
Chicago is one of the largest and liveliest cities in the United States with a thriving economy, an active nightlife and some of the world's most historic buildings and landmarks making it a very popular place to call home. The school system and metropolitan offerings make Chicago one of the best places to live in the Midwest in addition to being a premiere tourist destination. The options for cheap apartments in Chicago as well as rental homes, condos, and townhomes in the area make it a renters dream come true.
Why live in Chicago, IL?
With its numerous shops and local cuisine, a bustling nightlife, a strong economy and an efficient if busy transportation system, Chicago is truly the gem of the Midwest. While school districts vary from one area to the next, Chicago is a hub for some of the world's best schools, universities and hospitals, making it an ideal place to settle down. As home to some of the leading universities in the world, Chicago offers plenty of opportunities for its residents to grow up, get an education and find work in its diverse and thriving economy.
Chicago, ILPopulation: 2,705,994
Ranked #3
in US Census Population by City
Pet Friendly LifestyleChicago, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Chicago, IL Rentals by Map
See the most popular apartments and homes in Chicago, IL
Chicago, IL Apartments MapChicago, IL Rental Homes MapGetting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 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 Chicago Apartments
What is the Cheapest Studio apartment in Chicago?
Currently the most affordable Cheap Studio Apartment in Chicago is at 5445 Ingleside By 3L Living listed at $640.
How much is rent for a Cheap One Bedroom Chicago Apartment?
The lowest price for a Cheap One Bedroom Chicago Apartment is $750 at 7801-13 S Essex.
What is the lowest price for a Cheap Two Bedroom Chicago Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Chicago is starting from $840 at 7801-13 S Essex.
What is the most affordable Chicago Three Bedroom Apartment?
The best deal on a cheap Chicago Three Bedroom Apartment rental is at 136 E 155th ST and starts from $1,035.
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.
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.
Navigating the World of Low-Income Housing: A Comprehensive Guide
Written by: Kevin Ready
Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.