
Apartments for Rent in Chicago, IL Under $1,500 (2,147 Rentals)


Park View Apartments

14 West Elm Apartments

The Teller House

Lawrence Lofts

The Maynard at 5115 N Sheridan

Prairie Shores
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

Midpointe

21st Street Lofts by 3L Living

The Pavilion

Addams Coliving

Times Square Apartments

The Flamingo Apartments

6954 N Sheridan Rd

5748 Blackstone By 3L Living

Sheffield of Lincoln Park

5445 Ingleside By 3L Living

4102 N Sheridan Rd

5401 Cornell by 3L Living

1000M

Anderson Point

Beachwalk Apartments

The Lawrence House

Buena Terrace - 4242 N Sheridan Rd

The Bryn - 5600 N Sheridan Rd

Dearborn Plaza

1323 W Morse Ave

Sheridan Tower - 5650 N Sheridan Rd

Sheridan-Gunnison Apartments

Dearborn North

The Draper

Sedgwick Apartments

The Vivian

534 W. Wellington Ave

Gramercy Row Apartments

The Edison

8524-8532 W Gregory St

Museum Walk Apartments

5540 Hyde Park by 3L Living

The Letterman Chicago - West Loop Apartments

Marine Terrace Apartments
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 Under $1500 | $2,097 | $532 | $10,000+ |
Chicago 1 Bedroom Apartments Under $1500 | $2,639 | $750 | $10,000+ |
Chicago 2 Bedroom Apartments Under $1500 | $3,357 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments Under $1500 | $4,102 | $865 | $10,000+ |
Chicago 4 Bedroom Apartments Under $1500 | $3,152 | $996 | $10,000+ |
Chicago 5 Bedroom Apartments | $3,981 | $1,500 | $6,200 |
Chicago 6 Bedroom Apartments | $4,800 | $4,800 | $4,800 |
Browse Top Apartments in Chicago
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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 Chicago
How much are Studio apartments in Chicago?
There are currently 2,841 Studio Apartments in Chicago with rent ranges from $532 to $11,221 with an average price of $2,097.
What is the current price range for One Bedroom Chicago Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Chicago ranges from $750 to $20,042 with an average monthly rent of $2,639.
What does renting a Two Bedroom Apartment in Chicago cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $900 to $24,067. Today's average rental price for Two Bedrooms here is $3,357.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,002 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $865 to $38,481 - averaging $4,102 for the location.
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.