
Cheap Homes for Rent in McKinley Park Neighborhood of Chicago, IL from $1,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the McKinley Park area of Chicago.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1714 W 46th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

3741 S Honore St
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.
McKinley Park, Chicago, IL Local Guide

How much does it cost to rent a home in McKinley Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
McKinley Park 2 Bedroom Homes for Rent | $1,783 | $1,250 | $2,500 |
McKinley Park 3 Bedroom Homes for Rent | $1,550 | $1,000 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the McKinley Park Neighborhood of Chicago, IL.
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McKinley Park, Chicago, IL Local Guide
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Best Value Apartments for Rent in McKinley Park, IL
As of May 10, 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 4700 S Wolcott Ave Model at 4700 S Wolcott Ave starting at $1,200 with a $1.20 price per square foot in the West Englewood neighborhood. Here is today’s list of the best values for McKinley Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Luxury Student Housing at Leavitt Place | 5 Bedroom 3 Baths | 5BR,3BA | $2.26 |
4700 S Wolcott Ave | 4700 S Wolcott Ave | 2BR,1BA | $1.20 |
Park Place Apartments | Two Bedroom 60% | 2BR,1BA | $1.40 |
Bishop Street Lofts | One Bedroom | 1BR,1BA | $2.11 |
3030 S Princeton | 2F | 3BR,1BA | $2.33 |
4351 S Honore St | 2BD/1BA | 2BR,1BA | $1.33 |
3643 S Hermitage Ave, Unit 2 | 3643 S Hermitage Ave | 2BR,1BA | $1.33 |
3950 S Western Ave, Unit Apartment 2 | 3950 S Western Ave | 2BR,1BA | $1.57 |
6157 S Washtenaw Ave | Two Bedroom Market | 2BR,1BA | $1.78 |
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 McKinley Park
What type of rentals are currently available in McKinley Park?
There are currently 85 Apartments for Rent in McKinley Park, IL with pricing that ranges from $900 to $3,950. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in McKinley Park ranging from $1,000 to $2,500.
What is the current price range for Rental Homes in McKinley Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in McKinley Park ranges from $1,000 to $2,500 with an average monthly rent of $1,677.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.