Top Rated Cheap Apartments for Rent in Chicago, IL from $400 (293 Rentals)Page 5 of 6
Top Rated Apartments in Chicago.
Cheap Apartments in Chicago.

Colonial Court Apartments

Courts of the Fountains

The Banc Hammond

1000 - 1010 North Blvd

ReNew Des Plaines North

Grand Park Apartments

ReNew Des Plaines South

126-132 N. Elmwood Ave. and 418-426 Lake St.

Mont Clare

The Bryant at Oak Park

Elmhurst Terrace

101-111 S. Harvey Ave. and 237-249 South Blvd

1000 Hinman

Terraces of Elk Grove

Perry Grove Apartments

Orion Prospect

Linden Towers *Washer & Dryer in Apartment*

Forest Cove Apartments

Main Station Apartments

829 Foster St.

Legacy Crossings

4747 N Ronald St

9517-9521 Minnick Ave
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 | $2,037 | $532 | $9,091 |
Chicago 1 Bedroom Apartments | $2,610 | $685 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,262 | $950 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,927 | $725 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,721 | $775 | $10,000+ |
Chicago 5 Bedroom Apartments | $4,280 | $875 | $6,995 |
Chicago 6 Bedroom Apartments | $6,527 | $6,460 | $6,595 |
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 $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.

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.

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.

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.

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.