Cheap Homes for Rent in Lincoln Park Neighborhood of Chicago, IL from $1,200 (65 Rentals)

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Search the lowest-cost Homes 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
1940 N. LincolnStudioStudio,1BA$1,324

Best Value Apartments for Rent in Lincoln Park, IL

As of March 23, 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 St4BR,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
2830 N Burling St2830 N Burling St1BR,1BA$2.28
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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Frequently Asked Questions about Lincoln Park

What type of rentals are currently available in Lincoln Park?

There are currently 594 Apartments for Rent in Lincoln Park, IL with pricing that ranges from $1,025 to $12,034. There are also 198 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln Park ranging from $1,250 to $20,000.

What is the current price range for Rental Homes in Lincoln Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincoln Park ranges from $1,250 to $20,000 with an average monthly rent of $6,873.

How much are larger Three and Four Bedroom Rentals in Lincoln Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lincoln Park range from $1,200 to $9,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $7,595. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $1,200.

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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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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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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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.