Cheap Apartments for Rent in the Lincoln Park Neighborhood of Chicago, IL from $800 (113 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lincoln Park area of Chicago.

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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Lincoln Park, Chicago, IL Local Guide

Cheapest Available Lincoln Park Apartments for Rent

 

The cheapest available apartment rental in the Lincoln Park area of Chicago, IL is a Studio unit found at 424 W. Diversey priced from $1,025. 629 W. Deming has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Lincoln Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
424 W. DiverseyStudioStudio,1BA$1,025
629 W. DemingStudioStudio,1BA$1,195
Beachwalk ApartmentsStudio Floor Plan S1Studio,1BA$1,229
CommonwealthStudio1BR,1BA$1,261
1940 N. LincolnStudioStudio,1BA$1,324

Best Value Apartments for Rent in Lincoln Park, IL

As of March 29, 2025 the best value apartment in the Lincoln Park area is the $2.40 price per square foot 407 W North Ave Model at 407 W North Ave, Unit 5E in the in the Lincoln Park neighborhood starting from $4,500. The second greatest value Lincoln Park apartment is the 2527 N Orchard St Model at 2527 N Orchard St, Unit 1s starting at $3,600 with a $2.12 price per square foot in the Lincoln Park neighborhood. Here is today’s list of the best values for Lincoln Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
407 W North Ave, Unit 5E407 W North Ave3BR,2BA$2.40
2527 N Orchard St, Unit 1s2527 N Orchard St3BR,2BA$2.12
2527 N Orchard St2527 N Orchard St3BR,2BA$2.12
715 W Diversey Pky, Unit 2715 W Diversey Pky1BR,1BA$2.35
715 W Diversey Pky, Unit 2715 W Diversey Pky1BR,1BA$2.50
715 W Diversey Pkwy, Unit 2715 W Diversey Pkwy1BR,1BA$2.50
2024 N Orleans St, Unit M04B2024 N Orleans St1BR,1BA$2.50
2831 N Burling St, Unit M03B2831 N Burling St1BR,1BA$2.28
515 W Arlington Pl, Unit M07B515 W Arlington PlStudio ,1BA$2.04
2020 N Orleans St, Unit M02B2020 N Orleans StStudio ,1BA$2.08

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Pet Friendly Lifestyle
Lincoln Park, Chicago, IL

Ranked #30

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lincoln Park, Chicago, IL

School data provided by Great Schools

Best Local Schools in
Lincoln Park, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including Lincoln Park, Chicago, and the greater Chicago area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and much more. These search options are in the site filters at the top of this page.

Getting Around the Lincoln Park Neighborhood in Chicago, IL

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

92 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

76 / 100

Excellent Transit

Transit is convenient for most trips

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 Lincoln Park Apartments

What is a cheap apartment in Lincoln Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lincoln Park is under $1,324.

What is the price of a cheap apartment in Lincoln Park?

The cheapest apartment in Lincoln Park is Commonwealth which is listed at $1,261, while the average apartment in Lincoln Park costs $3,899.

What types of apartments are the cheapest in Lincoln Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 49 regular apartments in Lincoln Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lincoln Park?

Cheap apartments in Lincoln Park have an average cost of $829 which is $3,070 cheaper than the average rent for all rentals in Lincoln Park.

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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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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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.

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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.