
Cheap Homes for Rent in Austin Neighborhood of Chicago, IL from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Austin area of Chicago.


5352 W Division St

5958 W Fillmore St

5215 W Potomac Ave

5218 W Crystal St

5218 W Crystal St

5647 W Madison St

135 N Mayfield Ave

646 N Long 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
Austin, Chicago, IL Local Guide

How much does it cost to rent a home in Austin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Austin 2 Bedroom Homes for Rent | $1,837 | $1,200 | $3,000 |
Austin 3 Bedroom Homes for Rent | $1,716 | $1,200 | $2,000 |
Austin 5 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 $795. 5100-04 W Madison St has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,090. 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 | $795 |
5100-04 W Madison St | 3 Bedroom 1 Bathroom Apartment | 3BR,1BA | $1,090 |
1145 N Austin Blvd | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,090 |
Best Value Apartments for Rent in Austin, IL
As of April 13, 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 4 Bedroom 2 Bathroom Apartment Model at 5556-64 W Jackson Blvd starting at $1,650 with a $1.29 price per square foot in the Austin 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 |
5556-64 W Jackson Blvd | 4 Bedroom 2 Bathroom Apartment | 4BR,2BA | $1.29 |
2007 N Lamon Ave, Unit 2N | 2007 N Lamon Ave | 2BR,1BA | $1.16 |
1412-1414 N. Austin Blvd. | 1414 N. Austin E | 2BR,1BA | $1.29 |
5321 W Potomac Ave, Unit G | 5321 W Potomac Ave | 3BR,1BA | $1.50 |
5749 W Chicago | 4 Bedroom 1 Bath Apartment | 4BR,1BA | $1.58 |
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 |
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 |
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Frequently Asked Questions about Austin
What type of rentals are currently available in Austin?
There are currently 550 Apartments for Rent in Austin, IL with pricing that ranges from $795 to $10,530. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $875 to $4,200.
What is the current price range for Rental Homes in Austin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Austin ranges from $875 to $4,200 with an average monthly rent of $2,038.
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.

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.