
Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (280 Rentals)
Search the lowest-cost Apartments available for rent right now in Chicago.


6441 S Kenwood Ave

7051 S Bennett Ave

3630 S Paulina St

Rosenwald Courts

7334 N Ridge Apartments

1543 W Fargo Ave

1557 W Fargo Ave

1154 W Lunt Ave
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

Park Place Apartments

5206 S Harper Ave

6751 N Sheridan Rd

5628 W Eastwood Ave, Unit G

Sheridan Pratt Apartments

7809 S Marshfield Ave, Unit 7809 South Marshfield #1

3450 N Lowell Ave

7010 N Ashland Ave

5722 N Winthrop Ave, Unit 511

The Lawrence House

7702 S Jeffery Blvd

4871 N Magnolia Ave, Unit 322

5818 N Elston Ave, Unit BR

Ivy Park Homes

6008 N Winthrop Ave, Unit 110

6751 S Kilbourn Ave, Unit Basement

1916 S Fairfield Ave

6219 S Wood St

5642 W Newport Ave, Unit Garden Apt

1323 W Morse Ave

Elm 551 at Parkside

Hyde Park West

924 W Newport Ave

8043 S Ellis Ave

6645 N Newgard Ave

The Trilogy at Hyde Park

3346 N Marshfield Ave, Unit 308

The Maynard at 5115 N Sheridan

648 W Roscoe St, Unit 646-NG

3342 N Marshfield Ave, Unit M00B

8137 S Colfax Ave

Loyola Beach Apartments

4910 N Marmora 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 | $2,120 | $532 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,643 | $700 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,338 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,901 | $1,049 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,294 | $1,165 | $10,000+ |
Chicago 5 Bedroom Apartments | $4,479 | $1,500 | $10,000+ |
Chicago 6 Bedroom Apartments | $4,795 | $4,795 | $4,795 |
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.
Chicago, IL Area Reviews
Mary • 1+ years in Chicago
February 25, 2025After reviewing different aspects of your site it appears nothing you posted has any availability regardless of the location or the price
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 $780.
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 $3,469.
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 2,640 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 $413 which is $3,056 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.

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.

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.