Homes for Rent in Chicago, IL (6,321 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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property at 1240 W School St

1240 W School St

ChicagoIL60657
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Chicago, IL Local Guide

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David R.
Local Guide Expert

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Chicago Overview

Chicago, known as the Windy City, has an intriguing combination of urban living, rich cultural heritage, and stunning lakeside beauty. From the busy streets of the North Side to the serene neighborhoods along Lake Michigan, rental homes and apartments for rent in Chicago cater to a variety of lifestyles. The city's diverse community, world-class culinary scene, and vibrant arts and music culture make rental homes in Chicago highly sought after.  Chicago is globally renowned for its urban diversity and cultural richness in the heart of the Midwest. Known for its architectural marvels, expansive parks, and as a hub of jazz and blues, the city offers an unparalleled living experience. Chicago's strong economy, anchored by countless industries, makes it attractive for professionals and families. The city's extensive public transit system, bike-friendly streets, and sidewalks make getting around easy and convenient.

What is the history of Chicago?

Chicago's history is a tale of resilience and growth. Founded in 1833 between the Great Lakes and the Mississippi River watershed, it quickly grew into a major transportation hub. The city famously rebuilt itself after the Great Chicago Fire of 1871, leading to a boom in architecture and population. The 20th century saw Chicago becoming a hotbed for industrial growth, jazz music, and organized crime during the Prohibition era. The city played a significant role in the civil rights movement and has been influential in American politics. Today, this rich history is reflected in Chicago's diverse architecture and cultural fabric, adding depth to the experience of living in Chicago rental homes.

How is the weather in Chicago?

Chicago experiences a full range of seasons, each bringing its own charm to the city. Winters can be cold and snowy, and the city receives more than its fair share of snow every year. Spring means the city is covered with blooming flowers, bringing mild temperatures and occasional rain. Summers are warm and sunny, perfect for enjoying the city's beaches and outdoor festivals. Fall brings crisp air and gorgeous tapestries of leaves, ideal for scenic walks through the city's many parks.

How do I get around town?

Navigating Chicago is relatively easy, thanks to its comprehensive and efficient public transportation system. The Chicago Transit Authority (CTA) operates buses and the 'L' train system, covering the entire city and its suburbs. The 'L' train offers a unique urban perspective and is a quintessential Chicago experience. The city has an extensive network of bike lanes and bike-share programs for those who prefer cycling. Taxis and ridesharing services are also popular throughout the city. Chicago's grid layout makes it easy to navigate by car, though parking can be challenging in busier areas. Major interstates include I-90 and I-94, but they are packed during rush hour. Chicago has two major airports. Chicago's O'Hare Airport is the largest airport in the country in terms of number of gates and offers direct flights to countless cities across the country and world. Chicago's Midway Airport is smaller but can be a convenient option for those far from O'Hare.

Why live in Chicago, IL?

Chicago's appeal as a rental destination lies in its perfect blend of urban energy and neighborhood charm. The city is a cultural melting pot, offering diverse culinary delights, music, and arts. Chicago rentals provide access to world-renowned museums, theaters, and a thriving live music scene. The city's green spaces, like Grant Park and the Lakefront Trail, offer a nice break from urban life. Furthermore, Chicago's strong job market in sectors like finance, technology, and manufacturing makes it an ideal place for career growth.

What Chicago landmarks should I see?

Chicago is dotted with landmarks that showcase its architectural and cultural heritage. The Willis Tower (Sears Tower), once the world's tallest building, offers breathtaking city views. The Art Institute of Chicago and the Museum of Science and Industry are cultural staples. Millennium Park is a social hub with the iconic Cloud Gate sculpture. Historic Wrigley Field in aptly named Wrigleyville, home of the Chicago Cubs, is a must-visit for baseball fans. Universities like the University of Chicago and Northwestern University add to the culture of the area.

What is there to do around Chicago?

Chicago offers an abundance of activities and entertainment options. The city is famous for its live music scene, especially jazz and blues, and hosts several yearly music festivals. Food enthusiasts can explore a culinary landscape ranging from deep-dish pizza to Michelin-starred dining. With its Ferris wheel and entertainment options, the Navy Pier is a delight for families and tourists alike. Chicago's theater scene, including Broadway in Chicago, presents world-class performances. For sports fans, Chicago is home to iconic teams like the Bears, Bulls, Cubs, and Blackhawks.

Where is the best place to move in Chicago?

Chicago is home to numerous neighborhoods that suit different preferences and lifestyles. The Loop, the city's bustling downtown area, is ideal for those who love being in the heart of the city. For a more laid-back and artistic vibe, neighborhoods like Wicker Park and Logan Square are popular choices. Lincoln Park and Lakeview offer a blend of urban convenience and green spaces, perfect for families and young professionals. Those looking for upscale living might consider areas like the Gold Coast and River North. 

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Chicago

What type of rentals are currently available in Chicago?

There are currently 25015 Apartments for Rent in Chicago, IL with pricing that ranges from $532 to $77,776. There are also 6201 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago ranging from $650 to $58,000.

What is the current price range for Rental Homes in Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chicago ranges from $650 to $58,000 with an average monthly rent of $3,969.

How much are larger Three and Four Bedroom Rentals in Chicago?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Chicago range from $1,049 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $30,000. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $996.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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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.

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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.