Cheap Homes for Rent in Near North Side Neighborhood of Chicago, IL from $1,300 (44 Rentals)

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

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

Read Article

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.

Read Article

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.

Read Article

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

Read Article
property at 7 W Superior St

7 W Superior St

ChicagoIL60654
Showing Results 1-44, Page 1 of 1

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 $1,225. 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$1,225
Elm 551 at ParksideStudioStudio,1BA$1,313
18 E. ElmStudioStudio,1BA$1,365
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,375
1100 North LasalleStudioStudio,1BA$1,390
1036 N. DearbornStudioStudio,1BA$1,395

Best Value Apartments for Rent in Near North Side, IL

As of May 16, 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 1005 N La Salle Dr Model at 1005 N La Salle Dr, Unit 1 starting at $3,850 with a $2.57 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
1005 N La Salle Dr, Unit 11005 N La Salle Dr3BR,2BA$2.57
1214 N La Salle Dr, Unit E51214 N La Salle Dr2BR,2BA$3.00
Terrace 459Two Bed/Two Bath2BR,2BA$1.96
1221 N. LaSalle Lofts1x11BR,1BA$2.45
20 E ScottOne Bedroom1BR,1BA$2.84
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$2.28
Elm 551 at ParksideOne Bedroom1BR,1BA$2.67
Atrium at Old Town ParkConvertible 1 Bedroom1BR,1BA$2.62
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$2.39

Frequently Asked Questions about Near North Side

What type of rentals are currently available in Near North Side?

There are currently 241 Apartments for Rent in Near North Side, IL with pricing that ranges from $1,065 to $23,973. There are also 192 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near North Side ranging from $1,350 to $24,900.

What is the current price range for Rental Homes in Near North Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Near North Side ranges from $1,350 to $24,900 with an average monthly rent of $7,224.

How much are larger Three and Four Bedroom Rentals in Near North Side?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Near North Side range from $1,626 to $23,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,850 to $17,000. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $7,000.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.