Top Rated Cheap Apartments for Rent in Chicago, IL from $400 (277 Rentals)Page 2 of 6

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Top Rated Apartments in Chicago.

Cheap Apartments in Chicago.

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11000 S Michigan Ave
Studio to 2 Bedroom Apartments

11000 S Michigan Ave

11000 S Michigan AveChicago, IL 60628
Property Rating
  • Utilities Included
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1536 E. 83rd Place
Studio Apartments

1536 E. 83rd Place

1536 E 83rd PlChicago, IL 60619
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Devonshire Apartments
Studio to 1 Bedroom Apartments

Devonshire Apartments

7260 S South Shore DrChicago, IL 60649
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7845 S Colfax
1 to 2 Bedroom Apartments

7845 S Colfax

7845 S Colfax AveChicago, IL 60649
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NOVO Properties - Chicago
Studio to 2 Bedroom Apartments

NOVO Properties - Chicago

6720 S Jeffery BlvdChicago, IL 60649
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4241-4247 N Hermitage Ave
Studio to 2 Bedroom Apartments

4241-4247 N Hermitage Ave

4241-4247 N Hermitage AveChicago, IL 60613
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915 E 83rd St
2 Bedroom Apartments

915 E 83rd St

915 E 83rd StChicago, IL 60619
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1203 W Balmoral
Studio Apartments

1203 W Balmoral

1203 W Balmoral AveChicago, IL 60640
Property Rating

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 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 $770.

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 $3,278.

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 2,402 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 $399 which is $2,879 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.

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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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.