Cheap Apartments for Rent in the McKinley Park Neighborhood of Chicago, IL from $800 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the McKinley Park area of Chicago.

close
View Me
4450 S Wood St
Studio Apartments

4450 S Wood St

4450 S Wood StChicago, IL 60609

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 1 Bed unit found at 5801 S Sacramento Ave priced from $975. Park Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,140. Here are the most affordable McKinley Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5801 S Sacramento Ave1BR/1.0BA1BR,1BA$975
Park Place ApartmentsTwo Bedroom 50%2BR,1BA$1,140
4351 S Honore St2BD/1BA2BR,1BA$1,195

Best Value Apartments for Rent in McKinley Park, IL

As of February 28, 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 One Bedroom Model at Bishop Street Lofts starting at $1,950 with a $2.11 price per square foot in the University Village 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
Bishop Street LoftsOne Bedroom1BR,1BA$2.11
Park Place ApartmentsTwo Bedroom 60%2BR,1BA$1.48
4351 S Honore St2BD/1BA2BR,1BA$1.33
6157 S Washtenaw AveTwo Bedroom Market2BR,1BA$1.78
1523 W 18th StOne Bed/One Bath1BR,1BA$2.14
5801 S Sacramento Ave1BR/1.0BA1BR,1BA$1.44
1912 S Throop St2 Bed/1.5 Bath2BR,1.5BA$2.05

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

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

How much is rent for a Cheap One Bedroom McKinley Park Apartment?

The lowest price for a Cheap One Bedroom McKinley Park Apartment is $975 at 5801 S Sacramento Ave.

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.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.