Cheap Short Term Lease Apartments for Rent in Chicago, IL from $400 (210 Rentals)Page 4 of 5
Rental terms in Chicago as short as a month! Perfect when you can't commit to a full year of renting.
Search the lowest-cost Apartments available for rent right now in Chicago.

4128-34 W. Addison St. / 3601-03 N. Kedvale Ave

4455 S. Greenwood Avenue

Blue Station

Pleasant Oak

ReNew Des Plaines North

ReNew Des Plaines South

Regents Park Apartments

Green Oaks Apartments

Boulevard North Townhomes

Elmhurst Terrace

Sunset Lake

The Eclipse at 1450

Ashton Arlington Heights

Huntington Square

Main Station Apartments

Mount Prospect Greens

Forest Cove Apartments

100 N Addison Ave

Glen Oaks Commons

Park Ridge Commons
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 | $2,104 | $532 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,618 | $685 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,302 | $825 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,747 | $725 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,328 | $725 | $10,000+ |
Chicago 5 Bedroom Apartments | $3,738 | $875 | $6,500 |
Chicago 6 Bedroom Apartments | $3,401 | $2,008 | $4,795 |
Explore Chicago
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 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 $775.
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 $3,542.
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 3,056 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 $418 which is $3,124 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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.