Cheapest Neighborhoods in Chicago, IL
Some of the cheapest neighborhoods in Chicago are West Auburn, Marynook, and Calumet Heights. These neighborhoods offer some of the lowest rent prices in Chicago, making them ideal for renters on a budget. As of August 25, 2026, the average rent in Chicago is $2,054, which is 4.2% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
West Auburn
Average Rent
$942/Month
Units Available
11 Rentals
West Auburn is an affordable neighborhood in Chicago with an average rent price of $942. Compare this to the city average of $2,054. West Auburn provides easy access to Ogden Park, Hamilton Park, and 7101 S Racine.
Marynook
Average Rent
$944/Month
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Chicago, Marynook might be the perfect place! It has an average rent price of $944, while the city’s average stands at $2,054. Marynook is near Ill. Inst. of Technology, 87Th Street Station, and Arthur Ashe Beach Park.
Calumet Heights
Average Rent
$963/Month
Year-Over-Year Rent Change
1.6%
Units Available
14 Rentals
Calumet Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Calumet Heights is $963 while the city average is $2,054. This is a 1.6% difference from last year. Residents enjoy convenient access to Bessemer Park, 8721 S Stony Island Ave, and 87Th Street Station.
Burnside
Average Rent
$968/Month
Year-Over-Year Rent Change
3.6%
Units Available
19 Rentals
When you’re looking for a great Chicago neighborhood on a budget, check out Burnside. The average rent is $968, compared to the city average of $2,054. Rent prices have decreased by 3.6%. Burnside is convenient to 712 E 87th St, Bessemer Park, and Trumbull Park.
Englefield
Average Rent
$987/Month
Units Available
16 Rentals
Englefield is an affordable neighborhood in Chicago with an average rent price of $987. Compare this to the city average of $2,054. Englefield provides easy access to Marquette Park, Richard J. Daley College, and University of Chicago.
Gresham
Average Rent
$1,003/Month
Year-Over-Year Rent Change
1.4%
Units Available
60 Rentals
If you’re looking for a great, affordable neighborhood in Chicago, Gresham might be the perfect place! It has an average rent price of $1,003, while the city’s average stands at $2,054. In the last year, prices have increased by 1.4%. Gresham is near Chicago State University, Chicago Midway International, and 1634-1642 W 79th St.
Avalon Park
Average Rent
$1,004/Month
Year-Over-Year Rent Change
2.2%
Units Available
17 Rentals
Avalon Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Avalon Park is $1,004 while the city average is $2,054. This is a 2.2% difference from last year. Residents enjoy convenient access to Avalon Park, Bronzeville Children's Museum, and 8301-8315 S Stony Island Ave.
Far South Chicago
Average Rent
$1,007/Month
Year-Over-Year Rent Change
2.9%
Units Available
11 Rentals
When you’re looking for a great Chicago neighborhood on a budget, check out Far South Chicago. The average rent is $1,007, compared to the city average of $2,054. Rent prices have increased by 2.9%. Far South Chicago is convenient to Chicago Midway International, Chicago State University, and Saint Xavier University.
Britigans Westfield
Average Rent
$1,009/Month
Units Available
14 Rentals
Britigans Westfield is an affordable neighborhood in Chicago with an average rent price of $1,009. Compare this to the city average of $2,054. Britigans Westfield provides easy access to Ogden Park, Hamilton Park, and Dan Ryan Woods.
Greater Grand Crossing
Average Rent
$1,019/Month
Year-Over-Year Rent Change
1.2%
Units Available
37 Rentals
If you’re looking for a great, affordable neighborhood in Chicago, Greater Grand Crossing might be the perfect place! It has an average rent price of $1,019, while the city’s average stands at $2,054. In the last year, prices have increased by 1.2%. Greater Grand Crossing is near 69Th Street Station, 79Th Street Station, and 600 E 79th St.
Ready to make your move to Chicago? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.