
Apartments for Rent in the Madison Square Neighborhood of Chicago, IL Under $1,500 (34 Rentals)


5735 W. Washington Blvd

4114 W Washington Blvd

Washington Plaza

122 N Kilpatrick Ave

4702 W Flournoy St

417 S Karlov Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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

618-632 S. Austin Blvd.

101-111 S. Harvey Ave. and 237-249 South Blvd

415-425 S. Taylor Ave.
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 | $856 | $845 | $865 |
Madison Square 1 Bedroom Apartments | $1,322 | $1,199 | $1,509 |
Madison Square 2 Bedroom Apartments | $1,543 | $1,200 | $1,860 |
Madison Square 3 Bedroom Apartments | $2,121 | $1,700 | $2,549 |
Madison Square 4 Bedroom Apartments | $2,050 | $1,850 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 1 mile radius of the Madison Square Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Madison Square, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Frequently Asked Questions about Madison Square
How much are Studio apartments in Madison Square?
There are currently 32 Studio Apartments in Madison Square with rent ranges from $845 to $865 with an average price of $856.
What does renting a Two Bedroom Apartment in Madison Square cost?
The monthly rent prices of Two Bedroom Apartments currently available in Madison Square range from $1,200 to $1,860. Today's average rental price for Two Bedrooms here is $1,543.
How expensive are Madison Square Three Bedroom Apartments?
There are currently 103 Three Bedroom Apartments listings available in Madison Square on ApartmentHomeLiving.com. The pricing ranges from $1,700 to $2,549 - averaging $2,121 for the location.
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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.