Cheap Apartments for Rent in the Near North Side Neighborhood of Chicago, IL from $1,000 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near North Side 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

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Stanford Apartments
Studio to 1 Bedroom Apartments

Stanford Apartments

1164 N DearbornChicago, IL 60610
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10 West Elm
Studio Apartments

10 West Elm

10 W Elm StChicago, IL 60610
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Maple
1 Bedroom Apartments

Maple

150 W Maple StChicago, IL 60610
Senior Living
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Atrium at Old Town Park
Studio to 1 Bedroom Apartments

Atrium at Old Town Park

303 W Division StChicago, IL 60610
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204 W Hill St
Studio to 3 Bedroom Apartments

204 W Hill St

204 W Hill StChicago, IL 60610
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2 E Oak St
1 Bedroom Apartments

2 E Oak St

2 E Oak StChicago, IL 60611
Showing Results 1-50, Page 1 of 2

Near North Side, Chicago, IL Local Guide

Cheapest Available Near North Side Apartments for Rent

 

The cheapest available apartment rental in the Near North Side area of Chicago, IL is a Studio unit found at 11 W. Division priced from $1,245. Elm 551 at Parkside has the second lowest priced unit, which is a Studio apartment currently listed from $1,313. Here are the most affordable Near North Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
11 W. DivisionStudioStudio,1BA$1,245
Elm 551 at ParksideStudioStudio,1BA$1,313
1036 N. DearbornStudioStudio,1BA$1,345
18 E. ElmStudioStudio,1BA$1,365
1100 North LasalleStudioStudio,1BA$1,440
Park DearbornKitchenetteStudio,1BA$1,475
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,478

Best Value Apartments for Rent in Near North Side, IL

As of March 30, 2025 the best value apartment in the Near North Side area is the $2.59 price per square foot 1332 N Cleveland Ave Model at 1332 N Cleveland Ave, Unit 1 in the in the Near North Side neighborhood starting from $4,400. The second greatest value Near North Side apartment is the 52 W Elm St Model at 52 W Elm St, Unit 1401 starting at $2,544 with a $2.83 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for Near North Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,3BA$2.59
52 W Elm St, Unit 140152 W Elm St1BR,1BA$2.83
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$2.28
1320.5 W Oak St1320.5 W Oak St1BR,1BA$2.46
1320.5 W Oak St1320.5 W Oak St1BR,1BA$2.42
1039 N La Salle Dr1039 N La Salle Dr1BR,1BA$2.64
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.62
Dearborn NorthAvailable soon studio # 12Studio ,1BA$2.61
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$2.57
Elm 551 at ParksideStudioStudio ,1BA$2.58

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Chicago, IL. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendly amenities, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Near North Side Neighborhood in Chicago, IL

Walk Score®

98 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

85 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Near North Side Apartments

What is a cheap apartment in Near North Side?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near North Side is under $1,478.

What is the price of a cheap apartment in Near North Side?

The cheapest apartment in Near North Side is 1162 - 1168 N La Salle Blvd which is listed at $1,478, while the average apartment in Near North Side costs $13,500.

What types of apartments are the cheapest in Near North Side?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Near North Side that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Near North Side?

Cheap apartments in Near North Side have an average cost of $220 which is $13,280 cheaper than the average rent for all rentals in Near North Side.

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.