Cheap New Apartments for Rent in Chicago, IL from $400(47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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
Cicero Senior Lofts
from $820Built in 2020Studio to 2 Bedroom Apartments

Cicero Senior Lofts

4835 S Cicero AveChicago, IL 60632
Senior Living
View Details
close
View Me
KLEO Art Residences
from $900Built in 20191 Bedroom Apartments

KLEO Art Residences

5504 S Michigan AveChicago, IL 60637
View Details
close
View Me
4801 North Ravenswood
from $900Built in 2017Studio to 2 Bedroom Apartments

4801 North Ravenswood

4801 N Ravenswood AveChicago, IL 60640
View Details
close
View Me
2411 West Fitch
from $1,000Built in 2015Studio Apartments

2411 West Fitch

2401 W Fitch AveChicago, IL 60645
View Details
close
View Me
Elevation Lofts
Rent Specials
from $1,050Built in 2020Studio to 3 Bedroom Apartments

Elevation Lofts

1531 W Howard StChicago, IL 60626
View Details
close
View Me
The Topaz
Rent Specials
from $3,350Built in 20222 Bedroom Apartments Available Now

The Topaz

3421 N Ashland AveChicago, IL 60657
View Details
close
View Me
The Westerner
from $1,094Built in 2017Studio to 1 Bedroom Apartments

The Westerner

4620 N Western AveChicago, IL 60625
View Details
close
View Me
Park Station Lofts
from $1,200Built in 20231 to 3 Bedroom Apartments

Park Station Lofts

6300 S Maryland AveChicago, IL 60637
View Details
close
View Me
7225-7229 W Higgins Ave
from $1,200Built in 20142 Bedroom Apartments

7225-7229 W Higgins Ave

7225-7229 W Higgins AveChicago, IL 60656
View Details
close
View Me
Winthrop 6000
Rent Specials
from $1,313Built in 20201 Bedroom Apartments

Winthrop 6000

6000-6008 N Winthrop AveChicago, IL 60660
View Details
close
View Me
Jefferson Park Apartments
from $1,373Built in 2022Studio to 3 Bedroom Apartments

Jefferson Park Apartments

5150 N Northwest HwyChicago, IL 60630
View Details
close
View Me
4641 N Ashland Ave
from $1,395Built in 2024Studio to 2 Bedroom Apartments

4641 N Ashland Ave

4641 N Ashland AveChicago, IL 60640
View Details
close
View Me
2061 N Southport Ave
from $1,430Built in 2020Studio to 2 Bedroom Apartments

2061 N Southport Ave

2061 N Southport AveChicago, IL 60614
View Details
close
View Me
111 S Peoria St
from $1,470Built in 2018Studio to 3 Bedroom Apartments

111 S Peoria St

111 S Peoria StChicago, IL 60607
Furnished
View Details
close
View Me
2218 W Chicago Ave
from $1,495Built in 20142 Bedroom Apartments

2218 W Chicago Ave

2218 W Chicago AveChicago, IL 60622
View Details
close
View Me
Wicker Park Lofts
from $1,495Built in 2016Studio to 3 Bedroom Apartments

Wicker Park Lofts

1515-1517 W Haddon AveChicago, IL 60642
View Details
close
View Me
Trianon Lofts
from $1,500Built in 20172 Bedroom Apartments

Trianon Lofts

803 E 61st StChicago, IL 60637
View Details
close
View Me
Montauk
from $1,531Built in 2018Studio to 1 Bedroom Apartments

Montauk

1550 N Wieland StChicago, IL 60610
View Details
close
View Me
Centrum Lakeview Phase II
from $1,550Built in 2017Studio to 1 Bedroom Apartments

Centrum Lakeview Phase II

3418 N Lincoln AveChicago, IL 60657
View Details
close
View Me
Platform 4611 Uptown Chicago
Rent Specials
from $1,579Built in 2023Studio to 2 Bedroom Apartments Available Now

Platform 4611 Uptown Chicago

4611 N Broadway StChicago, IL 60640
View Details
close
View Me
4747 Place
from $995Built in 20191 Bedroom Apartments

4747 Place

4747 19th StCicero, IL 60804
View Details
close
View Me
City Place
from $1,150Built in 20152 Bedroom Apartments

City Place

1518 119th StWhiting, IN 46394
View Details
close
View Me
6605 North Ave.
from $1,350Built in 2021Studio to 3 Bedroom Apartments

6605 North Ave.

6605 North AveOak Park, IL 60302
View Details
close
View Me
9565 Franklin Ave
from $1,495Built in 20151 Bedroom Apartments

9565 Franklin Ave

9565 Franklin AveFranklin Park, IL 60131
View Details

Chicago, IL Local Guide

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.

decorative image of people with a giant lease agreement

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

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.

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 Signing Your Apartment Lease: The Basics article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting  article

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.