
Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (275 Rentals)
Search the lowest-cost Apartments available for rent right now in Chicago.


7051 S Bennett Ave

Park Douglas

3630 S Paulina St

Rosenwald Courts

1543 W Fargo Ave

1557 W Fargo Ave

Park Place Apartments
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

The Rosie

6751 N Sheridan Rd

2648 E 78th St

4871 N Magnolia Ave, Unit 217

The Trilogy at Hyde Park

5628 W Eastwood Ave, Unit G

Sheridan Pratt Apartments

7010 N Ashland Ave

5722 N Winthrop Ave, Unit 307

The Draper

3806 W Irving Park Rd

7702 S Jeffery Blvd

1154 W Lunt Ave

Ivy Park Homes

1738 E 69th St

6008 N Winthrop Ave, Unit 110

6751 S Kilbourn Ave, Unit Basement

5642 W Newport Ave, Unit Garden Apt

6219 S Wood St

1323 W Morse Ave

Elm 551 at Parkside

The Lawrence House

Hyde Park West

4749 N Troy St, Unit Gdn

7809 S Marshfield Ave, Unit 7809 South Marshfield #1

8043 S Ellis Ave

2642 W Luther St

6645 N Newgard Ave

7645 N Sheridan Rd

4044 S Richmond St

924 W Newport Ave

Sheridan Tower - 5650 N Sheridan Rd

648 W Roscoe St, Unit 646-NG

3342 N Marshfield Ave, Unit M00B

8137 S Colfax 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 | $2,119 | $532 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,659 | $750 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,370 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,955 | $1,025 | $10,000+ |
Chicago 4 Bedroom Apartments | $2,958 | $981 | $10,000+ |
Chicago 5 Bedroom Apartments | $4,159 | $1,500 | $6,200 |
Explore Chicago
Chicago, IL Local Guide
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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.
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 $795.
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 $3,071.
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 33,681 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 $415 which is $2,656 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.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.