Cheap Student Apartments for Rent in Chicago, IL from $400(48 Rentals)

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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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Student | Infinite Chicago
Rent Specials
from $949Studio to 4 Bedroom Apartments Available Now

Student | Infinite Chicago

28 E Jackson BlvdChicago, IL 60604
Student Housing
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Dwight Building
from $1,0682 to 4 Bedroom Apartments

Dwight Building

642 S Clark StChicago, IL 60605
Student Housing
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Tailor Lofts
Rent Specials
from $1,149Studio to 4 Bedroom Apartments Available Now

Tailor Lofts

315 S Peoria StChicago, IL 60607
Student Housing
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30 East
from $1,192Studio to 4 Bedroom Apartments Available Jun 1, 2025

30 East

30 E Balbo AveChicago, IL 60605
Student Housing
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Buckingham
Rent Specials
from $1,359Studio to 4 Bedroom Apartments Available Now

Buckingham

59 E Van Buren StChicago, IL 60605
Student Housing
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The Oasis of Bucktown
Rent Specials
from $1,4501 Bedroom Apartments

The Oasis of Bucktown

2400 W Wabansia AveChicago, IL 60647
Student Housing
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Ivy Greens
Rent Specials
from $1,4551 Bedroom Apartments

Ivy Greens

5439-5445 S Woodlawn AveChicago, IL 60615
Student Housing
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1308 119th St
Rent Specials
from $1,2302 Bedroom Apartments

1308 119th St

1308 119th StWhiting, IN 46394
Student Housing
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Showing Results 1-48, Page 1 of 1

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.

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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.

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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.

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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.

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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.

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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.