Cheap Apartments for Rent in the Ravenswood Neighborhood of Chicago, IL from $500 (73 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Ravenswood 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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Damen Apartments
Studio to 1 Bedroom Apartments

Damen Apartments

4851 N DamenChicago, IL 60625
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4641 N Paulina St
Studio Apartments

4641 N Paulina St

4641 N PaulinaChicago, IL 60640
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1466 W Argyle St
Studio Apartments

1466 W Argyle St

1466 W Argyle StChicago, IL 60640
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Ravenswood Apartments
Studio to 2 Bedroom Apartments

Ravenswood Apartments

4407-4415 N Greenview AveChicago, IL 60640
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4801 North Ravenswood
Studio to 2 Bedroom Apartments

4801 North Ravenswood

4801 N Ravenswood AveChicago, IL 60640
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4518-4528 N Damen Ave
Studio Apartments

4518-4528 N Damen Ave

4518-4528 N Damen AveChicago, IL 60625
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wolcott equities
1 Bedroom Apartments

wolcott equities

4534 N Wolcott AveChicago, IL 60640
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Damen Ave Apartments
1 to 2 Bedroom Apartments

Damen Ave Apartments

5045-5051 N Damen AveChicago, IL 60625
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4407 Wolcott
Studio Apartments

4407 Wolcott

4407 N Wolcott AveChicago, IL 60640
Showing Results 1-50, Page 1 of 2

Cheapest Available Ravenswood Apartments for Rent

 

The cheapest available apartment rental in the Ravenswood area of Chicago, IL is a Studio unit found at Winthrop Terrace priced from $1,150. 4756 N Maplewood Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Ravenswood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Winthrop Terrace0BR/1.0BAStudio,1BA$1,150
4756 N Maplewood AveMaplewood - Studio 08 & 11 TierStudio,1BA$1,150
5118 N Lincoln Ave51182BR,1BA$1,200

Best Value Apartments for Rent in Ravenswood, IL

As of March 28, 2025 the best value apartment in the Ravenswood area is the $1.72 price per square foot 1455 W Wilson Ave Model at 1455 W Wilson Ave, Unit 2 in the in the Uptown Chicago neighborhood starting from $2,750. The second greatest value Ravenswood apartment is the 4655 N Lincoln Ave Model at 4655 N Lincoln Ave, Unit M07B starting at $2,650 with a $1.77 price per square foot in the Lincoln Square 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.
1455 W Wilson Ave, Unit 21455 W Wilson Ave2BR,1BA$1.72
4655 N Lincoln Ave, Unit M07B4655 N Lincoln Ave3BR,1BA$1.77
1955 W Sunnyside Ave, Unit 21955 W Sunnyside Ave2BR,1BA$1.88
4404 N Rockwell St, Unit A04C4404 N Rockwell St2BR,1BA$1.86
4866 N Washtenaw Ave, Unit M06B4866 N Washtenaw Ave2BR,1BA$1.82
4638 N Francisco Ave, Unit 34638 N Francisco Ave2BR,1BA$1.90
1837 W Foster Ave1837 W Foster Ave1BR,1BA$1.53
5023 N Winchester Ave5023 N Winchester Ave1BR,1BA$1.89
4610 N Dover St4610 N Dover St1BR,1BA$1.89
5118 N Lincoln Ave51182BR,1BA$1.85

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 Winthrop Terrace listed at $1,150.

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

The lowest price for a Cheap One Bedroom Ravenswood Apartment is $1,500 at Lawrence Lofts.

What is the lowest price for a Cheap Two Bedroom Ravenswood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ravenswood is starting from $1,200 at 5118 N Lincoln Ave.

What is the most affordable Ravenswood Three Bedroom Apartment?

The best deal on a cheap Ravenswood Three Bedroom Apartment rental is at and starts from $2,150.

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

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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Renting Smart: Lease Basics Every Renter Needs

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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.