Cheap Apartments for Rent in the McKinley Park Neighborhood of Chicago, IL from $900 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the McKinley 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

McKinley Park, Chicago, IL Local Guide

Cheapest Available McKinley Park Apartments for Rent

 

The cheapest available apartment rental in the McKinley Park area of Chicago, IL is a 2 Beds unit found at Park Place Apartments priced from $1,140. 4351 S Honore St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable McKinley Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Park Place ApartmentsTwo Bedroom 50%2BR,1BA$1,140
4351 S Honore St2BD/1BA2BR,1BA$1,195
1912 S Throop St2 Bed/1.5 Bath2BR,1BA$1,300

Best Value Apartments for Rent in McKinley Park, IL

As of March 29, 2025 the best value apartment in the McKinley Park area is the $2.26 price per square foot 5 Bedroom 3 Baths Model at Luxury Student Housing at Leavitt Place in the in the Lower West Side neighborhood starting from $3,950. The second greatest value McKinley Park apartment is the 4630 S Honore St Model at 4630 S Honore St starting at $2,400 with a $1.44 price per square foot in the Armour Square neighborhood. Here is today’s list of the best values for McKinley Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Luxury Student Housing at Leavitt Place5 Bedroom 3 Baths5BR,3BA$2.26
4630 S Honore St4630 S Honore St3BR,1BA$1.44
Bishop Street LoftsOne Bedroom1BR,1BA$2.11
Park Place ApartmentsTwo Bedroom 60%2BR,1BA$1.48
4351 S Honore St2BD/1BA2BR,1BA$1.33
3643 S Hermitage Ave, Unit 23643 S Hermitage Ave2BR,1BA$1.33
6157 S Washtenaw AveTwo Bedroom Market2BR,1BA$1.78
1912 S Throop St2 Bed/1.5 Bath2BR,1.5BA$2.05

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Pet Friendly Lifestyle
Mckinley Park, Chicago, IL

Ranked #99

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the McKinley Park Neighborhood in Chicago, IL

Walk Score®

78 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

60 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap McKinley Park Apartments

What is the lowest price for a Cheap Two Bedroom McKinley Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in McKinley Park is starting from $1,140 at Park Place Apartments.

What is the most affordable McKinley Park Three Bedroom Apartment?

The best deal on a cheap McKinley Park Three Bedroom Apartment rental is at Park Place Apartments and starts from $1,300.

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.