New Apartments for Rent in Chicago, IL Under $1,200 (26 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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Park Station Lofts
Built in 20231 to 3 Bedroom Apartments

Park Station Lofts

6300 S Maryland AveChicago, IL 60637
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The Topaz
Built in 2022Studio to 2 Bedroom Apartments

The Topaz

3421 N Ashland AveChicago, IL 60657
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The Westerner
Built in 2017Studio to 1 Bedroom Apartments

The Westerner

4620 N Western AveChicago, IL 60625
  • Utilities Inc.
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X Chicago
Built in 2018Studio to 2 Bedroom Apartments

X Chicago

710 W 14th StChicago, IL 60607
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1531 W Howard St
Built in 2020Studio to 3 Bedroom Apartments

1531 W Howard St

1531 W Howard StChicago, IL 60626
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2411 West Fitch
Built in 2015Studio Apartments

2411 West Fitch

2401 W Fitch AveChicago, IL 60645
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KLEO Art Residences
Built in 20191 Bedroom Apartments

KLEO Art Residences

5504 S Michigan AveChicago, IL 60637
  • Utilities Inc.
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4801 North Ravenswood
Built in 2017Studio to 2 Bedroom Apartments

4801 North Ravenswood

4801 N Ravenswood AveChicago, IL 60640
  • Utilities Inc.
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Cicero Senior Lofts
Built in 2020Studio to 2 Bedroom Apartments

Cicero Senior Lofts

4835 S Cicero AveChicago, IL 60632
Senior Living
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City Place
Built in 20152 Bedroom Apartments

City Place

1518 119th StWhiting, IN 46394
  • Utilities Inc.
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4747 Place
Built in 20191 Bedroom Apartments

4747 Place

4747 19th StCicero, IL 60804
  • Utilities Inc.

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

Frequently Asked Questions about New Chicago Apartments

What is the Cheapest New apartment in Chicago?

Currently the most affordable New Apartment in Chicago is at Canvas at Leland Plaza listed at $532.

How much is the average rent for a New Chicago Apartment?

The average rent for a New Apartment in Chicago is $4,293.

What is the largest New Chicago Apartment for rent?

Today's New apartment with the most square footage in Chicago is a 6,439 square feet unit starting from $2,151 at 369 Grand by Onni.

What is the average size for Chicago New Apartments for rent?

The average size for a New rental in Chicago is currently at 625 sq ft.

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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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.

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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.

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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.