Cheap Apartments for Rent in the Little Italy Neighborhood of Chicago, IL from $700 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Little Italy 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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1809 S Carpenter St
Studio Apartments

1809 S Carpenter St

1809 S Carpenter StChicago, IL 60608
  • Utilities Included
  • Smoke Free
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1810 S Throop St
1 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
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R+D659
Studio to 3 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
  • Smoke Free
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111 S Peoria St
Studio to 3 Bedroom Apartments

111 S Peoria St

111 S Peoria StChicago, IL 60607
Furnished
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1603 S Wood St
1 Bedroom Apartments

1603 S Wood St

1603 S Wood StChicago, IL 60608
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1447 W 17th St
1 Bedroom Apartments

1447 W 17th St

1447 W 17th StChicago, IL 60608
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1413 W Taylor St
3 Bedroom Apartments

1413 W Taylor St

1413 W Taylor StChicago, IL 60607
  • Utilities Included
  • Smoke Free
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Lexington 90
1 to 2 Bedroom Apartments

Lexington 90

1409 W Lexington StChicago, IL 60607
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1507 W Taylor St
2 Bedroom Apartments

1507 W Taylor St

1507 W Taylor StChicago, IL 60607
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  • Smoke Free
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Harris Point Chicago
2 Bedroom Apartments

Harris Point Chicago

909 S Laflin StChicago, IL 60607
  • Utilities Included
  • Smoke Free
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1449-1453 W Flournoy St
2 Bedroom Apartments

1449-1453 W Flournoy St

1449-1453 W Flournoy StChicago, IL 60607
Student Housing
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1429 W Lexington St
2 Bedroom Apartments

1429 W Lexington St

1429 W Lexington StChicago, IL 60607
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1435 W Lexington St
2 Bedroom Apartments

1435 W Lexington St

1435 W Lexington StChicago, IL 60607
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1621 S Carpenter St
1 Bedroom Apartments

1621 S Carpenter St

1621 S Carpenter StChicago, IL 60608
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Harris Point Chicago
2 Bedroom Apartments

Harris Point Chicago

907 S Laflin StChicago, IL 60607
  • Utilities Included
  • Smoke Free
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Harris Point Chicago
2 Bedroom Apartments

Harris Point Chicago

1500 W Polk StChicago, IL 60607
  • Utilities Included

Little Italy, Chicago, IL Local Guide

Cheapest Available Little Italy Apartments for Rent

 

The cheapest available apartment rental in the Little Italy area of Chicago, IL is a Studio unit found at 768 W. Jackson priced from $1,295. Roosevelt Square has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Little Italy apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,295
Roosevelt SquareStudioStudio,1BA$1,450
Presidential TowersSTUDIO SIXStudio,1BA$1,545
Gateway West LoopE1Studio,1BA$1,938
The LydianS01Studio,1BA$2,069

Best Value Apartments for Rent in Little Italy, IL

As of April 14, 2025 the best value apartment in the Little Italy area is the $1.87 price per square foot 229 S Racine Ave Model at 229 S Racine Ave, Unit 1 in the in the West Loop neighborhood starting from $2,995. The second greatest value Little Italy apartment is the 229 S Racine Ave Model at 229 S Racine Ave, Unit 1 starting at $3,295 with a $2.06 price per square foot in the West Loop neighborhood. Here is today’s list of the best values for Little Italy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$1.87
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
917 S Laflin St, Unit Garden917 S Laflin St2BR,2BA$1.94
44 N Paulina St, Unit 382S44 N Paulina St2BR,2BA$1.80
1115 W 18th Pl, Unit 11115 W 18th Pl2BR,1BA$2.00
1142 W 17th St, Unit 1F1142 W 17th St2BR,2BA$2.08
1534 W Monroe St1534 W Monroe St2BR,1BA$2.10
616 S Loomis St, Unit 3F616 S Loomis St2BR,1BA$1.74
1720 S Clinton St, Unit Coach House1720 S Clinton St1BR,1BA$2.00
618 S Racine Ave, Unit 104618 S Racine Ave1BR,1BA$1.40

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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Pet Friendly Lifestyle
Little Italy, 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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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Chicago, IL. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, family-friendly amenities, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Little Italy Neighborhood in Chicago, IL

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

93 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

70 / 100

Excellent Transit

Transit is convenient for most trips

Frequently Asked Questions about Cheap Little Italy Apartments

What is a cheap apartment in Little Italy?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Little Italy is under $2,069.

What is the price of a cheap apartment in Little Italy?

The cheapest apartment in Little Italy is Roosevelt Square which is listed at $1,650, while the average apartment in Little Italy costs $4,897.

What types of apartments are the cheapest in Little Italy?

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 51 regular apartments in Little Italy 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 Little Italy?

Cheap apartments in Little Italy have an average cost of $664 which is $4,233 cheaper than the average rent for all rentals in Little Italy.

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

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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.