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from $795Studio to 1 Bedroom Apartments Available Now
4114 W Washington Blvd
4114 W Washington BlvdChicago, IL 60624
Cheap Apartments for Rent in the Madison Square Neighborhood of Chicago, IL from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Square area of Chicago.
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from $810Studio to 2 Bedroom Apartments Available Now
Washington Plaza
5501 W Washington BlvdChicago, IL 60644
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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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Madison Square, Chicago, IL Local Guide
How much does it cost to rent an apartment in Madison Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Square Studio Apartments | $848 | $795 | $1,119 |
| Madison Square 1 Bedroom Apartments | $1,297 | $1,185 | $1,395 |
| Madison Square 2 Bedroom Apartments | $1,573 | $1,200 | $1,860 |
| Madison Square 3 Bedroom Apartments | $1,828 | $1,500 | $2,309 |
| Madison Square 4 Bedroom Apartments | $2,250 | $2,250 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Madison Square Neighborhood of Chicago, IL.
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Madison Square, Chicago, IL Local Guide
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Cheapest Available Madison Square Apartments for Rent
The cheapest available apartment rental in the Madison Square area of Chicago, IL is a Studio unit found at 4114 W Washington Blvd priced from $795. Washington Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $810. Here are the most affordable Madison Square apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4114 W Washington Blvd | Studio Apartment | Studio,1BA | $795 |
| Washington Plaza | Studio Apartment | Studio,1BA | $810 |
| Pine North | 1BR/1.0BA | 1BR,1BA | $950 |
Best Value Apartments for Rent in Madison Square, IL
As of March 02, 2025 the best value apartment in the Madison Square area is the $0.87 price per square foot 5100 W Fulton St Model at 5100 W Fulton St, Unit 1 in the in the Austin neighborhood starting from $2,250. The second greatest value Madison Square apartment is the 5241 W Washington Blvd Model at 5241 W Washington Blvd, Unit 2nd fl. starting at $1,700 with a $1.06 price per square foot in the Austin neighborhood. Here is today’s list of the best values for Madison Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5100 W Fulton St, Unit 1 | 5100 W Fulton St | 4BR,2BA | $0.87 |
| 5241 W Washington Blvd, Unit 2nd fl. | 5241 W Washington Blvd | 3BR,1BA | $1.06 |
| 711 S Tripp Ave, Unit 2 | 711 S Tripp Ave | 3BR,1BA | $1.42 |
| 4814 W Monroe | 3 Bedroom 1 Bathroom Apartment | 3BR,1BA | $1.12 |
| 200 N Kenneth | 2BR/1.0BA | 2BR,1BA | $1.25 |
| 551 N Lavergne Ave, Unit 551 2ND FLR | 551 N Lavergne Ave | 2BR,1BA | $1.37 |
| 400-08 S Laramie Ave | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $1.54 |
| 511-521 S. Cuyler Ave. | 511 S. Cuyler N & 521 S. Cuyler S | 1BR,1BA | $1.91 |
| 238-250 Washington Blvd. and 347-357 S. Harvey Ave. | 248 Washington A | 1BR,1BA | $1.96 |
| Pine North | 1BR/1.0BA | 1BR,1BA | $1.60 |
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Frequently Asked Questions about Cheap Madison Square Apartments
What is the Cheapest Studio apartment in Madison Square?
Currently the most affordable Cheap Studio Apartment in Madison Square is at 4114 W Washington Blvd listed at $795.
How much is rent for a Cheap One Bedroom Madison Square Apartment?
The lowest price for a Cheap One Bedroom Madison Square Apartment is $950 at Pine North.
What is the lowest price for a Cheap Two Bedroom Madison Square Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Madison Square is starting from $1,165 at 400-08 S Laramie Ave.
What is the most affordable Madison Square Three Bedroom Apartment?
The best deal on a cheap Madison Square Three Bedroom Apartment rental is at 4814 W Monroe and starts from $1,295.
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.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
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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.
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.
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.