Cheap New Apartments for Rent in Chicago, IL from $400(47 Rentals)
OC Living
5401 Cornell by 3L Living
McCormick
2423 State Street
Park Place Apartments
The Winnie
Dorchester Artist + Housing Collaborative Apt
Sheffield of Lincoln Park
The Teller House
1323 W Morse Ave
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
Elm 551 at Parkside
21st Street Lofts by 3L Living
7029 S Wentworth Ave, Unit Views construction LLC
The Rosie
Anderson Point
EDGE on Broadway
The Sally
Midway Pointe Senior Residences
Cicero Senior Lofts
KLEO Art Residences
4801 North Ravenswood
2411 West Fitch
Elevation Lofts
The Topaz
The Westerner
Park Station Lofts
7225-7229 W Higgins Ave
Winthrop 6000
Jefferson Park Apartments
4641 N Ashland Ave
2061 N Southport Ave
111 S Peoria St
2218 W Chicago Ave
Wicker Park Lofts
HIGHPOINT Albany Park on Kedzie
Trianon Lofts
Montauk
Centrum Lakeview Phase II
Platform 4611 Uptown Chicago
140 S Austin Blvd
The Residences at Sawmill Station
Brentwood Apartments
4747 Place
City Place
6605 North Ave.
9565 Franklin Ave
Chicago, IL Local Guide
How much does it cost to rent an apartment in Chicago?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Chicago Studio Apartments | $2,053 | $530 | $8,978 |
Chicago 1 Bedroom Apartments | $2,592 | $588 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,316 | $710 | $10,000+ |
Chicago 3 Bedroom Apartments | $4,204 | $750 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,150 | $725 | $10,000+ |
Chicago 5 Bedroom Apartments | $3,841 | $960 | $7,500 |
Explore Chicago
Chicago, IL Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting 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.
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.
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.
Real Estate Term Glossary: Your Guide to The A to Zs of Renting
Written by: Kevin Ready
Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.