Cheap Apartments for Rent in the Ravenswood Neighborhood of Chicago, IL from $500 (109 Rentals)

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

Search the lowest-cost Apartments available for rent right now in the Ravenswood 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
Showing Results 1-50, Page 1 of 3

Cheapest Available Ravenswood Apartments for Rent

 

The cheapest available apartment rental in the Ravenswood area of Chicago, IL is a Studio unit found at Issel Building priced from $1,050. Ravenswood Vista Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here are the most affordable Ravenswood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Issel BuildingStudio'sStudio,1BA$1,050
Ravenswood Vista ApartmentsSTUDIOStudio,1BA$1,095
Winthrop Terrace0BR/1.0BAStudio,1BA$1,150

Best Value Apartments for Rent in Ravenswood, IL

As of May 12, 2025 the best value apartment in the Ravenswood area is the $1.45 price per square foot 2642 W Farragut Ave Model at 2642 W Farragut Ave, Unit 1 in the in the Lincoln Square neighborhood starting from $3,200. The second greatest value Ravenswood apartment is the 1455 W Wilson Ave Model at 1455 W Wilson Ave, Unit 2 starting at $2,750 with a $1.72 price per square foot in the Uptown Chicago neighborhood. Here is today’s list of the best values for Ravenswood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2642 W Farragut Ave, Unit 12642 W Farragut Ave3BR,2BA$1.45
1455 W Wilson Ave, Unit 21455 W Wilson Ave2BR,1BA$1.72
4852 N Talman Ave, Unit 24852 N Talman Ave2BR,1BA$1.96
5162 N Leavitt St, Unit 35162 N Leavitt St2BR,1BA$1.92
2552 W Wilson Ave, Unit M1212552 W Wilson Ave2BR,1BA$2.00
2855 W Argyle St, Unit 2W2855 W Argyle St2BR,1BA$1.79
4404 N Winchester Ave, Unit 354404 N Winchester Ave2BR,1BA$1.73
5023 N Winchester Ave, Unit 15023 N Winchester Ave1BR,1BA$1.89
4621 N Rockwell St, Unit G4621 N Rockwell St1BR,1BA$1.87
4937 N Whipple St, Unit 1E4937 N Whipple St1BR,1BA$1.99

Getting Around the Ravenswood Neighborhood in Chicago, IL

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

90 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

67 / 100

Good Transit

Many nearby public transportation options

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 Ravenswood Apartments

What is the Cheapest Studio apartment in Ravenswood?

Currently the most affordable Cheap Studio Apartment in Ravenswood is at Issel Building listed at $1,050.

How much is rent for a Cheap One Bedroom Ravenswood Apartment?

The lowest price for a Cheap One Bedroom Ravenswood Apartment is $1,300 at Issel Building.

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.