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New Apartments for Rent in Chicago, IL Under $1,200 (26 Rentals)
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The Teller House
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Addams Coliving
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Sheffield of Lincoln Park
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5401 Cornell by 3L Living
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The Winnie
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OC Living
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Canvas at Leland Plaza
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Luxury Student Housing at Leavitt Place
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2423 State Street
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 Place Apartments
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Stephen's Commons- Senior Living-Age 62+
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4801 North Ravenswood
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The Banc Hammond
Chicago, IL Local Guide
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How much does it cost to rent an apartment in Chicago?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Chicago Studio Apartments | $2,109 | $532 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,639 | $750 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,366 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments | $4,000 | $650 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,123 | $775 | $10,000+ |
Chicago 5 Bedroom Apartments | $3,654 | $930 | $6,200 |
Chicago 6 Bedroom Apartments | $4,800 | $4,800 | $4,800 |
Explore Chicago
Chicago, IL Local Guide
- Chicago Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 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.