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from $750Studio Apartments Available Now
Highlands Tudor Manor - 55+ Community
7010-7018 S Cregier AveChicago, IL 60649
Cheap Senior Apartments for Rent in Chicago, IL from $400 (88 Rentals)
Apartments for adults 55+ years of age in Chicago with convenient services, and fun activities.
Search the lowest-cost Apartments available for rent right now in Chicago.
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Studio to 2 Bedroom Apartments
Stephen's Commons- Senior Living-Age 62+
833 Wilson AveChicago, IL 60640
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Studio to 2 Bedroom Apartments
G & A Senior Residences of Ravenswood
1818 W Peterson AveChicago, IL 60660
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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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Studio to 2 Bedroom Apartments
Mayfair Commons - Senior Community
4444 W Lawrence AveChicago, IL 60630
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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 |
|---|---|---|---|
| Chicago Studio Apartments | $2,120 | $532 | $10,000+ |
| Chicago 1 Bedroom Apartments | $2,643 | $700 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,338 | $900 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,901 | $1,049 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,294 | $1,165 | $10,000+ |
| Chicago 5 Bedroom Apartments | $4,479 | $1,500 | $10,000+ |
| Chicago 6 Bedroom Apartments | $4,795 | $4,795 | $4,795 |
Explore Chicago
Chicago, IL Local Guide
- Chicago Neighborhoods
- Nearby Cities
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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.
Chicago, IL Area Reviews
Do you know the Chicago area?
Let everyone know!
Write a Review
Mary • 1+ years in Chicago
February 25, 2025After reviewing different aspects of your site it appears nothing you posted has any availability regardless of the location or the price
Frequently Asked Questions about Cheap Chicago Apartments
What is a cheap apartment in Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago is under $760.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 1155 W 83rd St which is listed at $750, while the average apartment in Chicago costs $3,485.
What types of apartments are the cheapest in Chicago?
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 2,633 regular apartments in Chicago 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 Chicago?
Cheap apartments in Chicago have an average cost of $414 which is $3,071 cheaper than the average rent for all rentals in Chicago.
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.
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.
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.
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.