
Cheap Apartments for Rent in the Austin Neighborhood of Chicago, IL from $700 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in the Austin area of Chicago.


10 N Long Ave

1608 N Lorel Ave

4813 W Armitage Ave, Unit 1

824 N Parkside Ave, Unit 3rd floor

5218 W Crystal St

634-640 N Lamon

5735 W. Washington Blvd

21-23 N Waller Ave

4865 W Concord Pl, Unit 2
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

1546 N Parkside 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

159-161 N. Austin Blvd. & 5959-5961 West End Ave

826 S Austin Blvd

1204 S 49th Ct

618-632 S. Austin Blvd.

Oak Park Residence Corporation
Austin, Chicago, IL Local Guide

How much does it cost to rent an apartment in Austin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Austin Studio Apartments | $1,937 | $840 | $5,540 |
Austin 1 Bedroom Apartments | $2,460 | $950 | $7,505 |
Austin 2 Bedroom Apartments | $3,360 | $1,250 | $8,297 |
Austin 3 Bedroom Apartments | $2,484 | $1,150 | $10,000+ |
Austin 4 Bedroom Apartments | $1,950 | $1,750 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 2 mile radius of the Austin Neighborhood of Chicago, IL.
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Austin, Chicago, IL Local Guide
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Cheapest Available Austin Apartments for Rent
 The cheapest available apartment rental in the Austin area of Chicago, IL is a Studio unit found at Washington Plaza priced from $840. 5011 W Maypole Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. Here are the most affordable Austin apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Washington Plaza | Studio Apartment | Studio,1BA | $840 |
5011 W Maypole Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $985 |
5100-04 W Madison St | 3 Bedroom 1 Bathroom Apartment | 3BR,1BA | $1,090 |
5019 W Jackson Blvd | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,110 |
500-14 S Laramie Ave | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $1,135 |
5015 W Jackson Blvd | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,150 |
729 N Central | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,155 |
618-632 S. Austin Blvd. | 620 S. Austin C, 622 S. Austin F, 628 S. Austin... | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Austin, IL
As of April 17, 2025 the best value apartment in the Austin area is the $0.87 price per square foot 5100 W Fulton St Model at 5100 W Fulton St, Unit 1 in the in the Austin neighborhood starting from $2,250. The second greatest value Austin apartment is the 2007 N Lamon Ave Model at 2007 N Lamon Ave, Unit 2N starting at $1,450 with a $1.16 price per square foot in the Cragin neighborhood. Here is today’s list of the best values for Austin apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
5100 W Fulton St, Unit 1 | 5100 W Fulton St | 4BR,2BA | $0.87 |
2007 N Lamon Ave, Unit 2N | 2007 N Lamon Ave | 2BR,1BA | $1.16 |
432-438 N. Austin Blvd. | 432 N. Austin A & 438 N. Austin H | 2BR,1BA | $1.56 |
824 N Parkside Ave, Unit 3rd floor | 824 N Parkside Ave | 3BR,1BA | $1.35 |
5024 W Quincy St | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.60 |
4813 W Armitage Ave, Unit 1 | 4813 W Armitage Ave | 1BR,1BA | $1.44 |
5100-04 W Madison St | 3 Bedroom 1 Bathroom Apartment | 3BR,1BA | $1.40 |
5749 W Chicago | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.57 |
729 N Central | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.65 |
5011 W Maypole Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.58 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleAustin, Chicago, IL
Ranked #89
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Austin, Chicago, IL
Howe Elementary School
Douglass Academy High School
McNair School of Excellence
School data provided by Great Schools
Getting Around the Austin Neighborhood in Chicago, IL
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
61 / 100
Bikeable
Some bike infrastructure
Transit Score®
64 / 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 Austin Apartments
What is the Cheapest Studio apartment in Austin?
Currently the most affordable Cheap Studio Apartment in Austin is at Washington Plaza listed at $840.
How much is rent for a Cheap One Bedroom Austin Apartment?
The lowest price for a Cheap One Bedroom Austin Apartment is $985 at 5011 W Maypole Ave.
What is the lowest price for a Cheap Two Bedroom Austin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Austin is starting from $1,135 at 500-14 S Laramie Ave.
What is the most affordable Austin Three Bedroom Apartment?
The best deal on a cheap Austin Three Bedroom Apartment rental is at 5100-04 W Madison St and starts from $1,090.
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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.