Homes for Rent in Chicago, IL Under $1,500(426 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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818 W Diversey Pky
$1,495Studio, 1 Bath Condo for RentAvailable Now

818 W Diversey Pky, Unit O

818 W Diversey Pky
Chicago, IL 60614
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3906 W Belmont Ave
$1,4251 Bedroom, 1 Bath Condo for RentAvailable Now

3906 W Belmont Ave, Unit 1

3906 W Belmont Ave
Chicago, IL 60618
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Chicago, IL Local Guide

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.

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Frequently Asked Questions about Chicago

What type of rentals are currently available in Chicago?

There are currently 20226 Apartments for Rent in Chicago, IL with pricing that ranges from $530 to $92,810. There are also 3793 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago ranging from $595 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 $595 to $58,000 with an average monthly rent of $3,262.

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 $750 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $30,000. Four Bedroom Single-Family rentals are also available starting from $1,325 and Four Bedroom Apartments start at $725.

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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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.