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Cheap Apartments for Rent in Chicago, IL

21,798 Rentals
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  2. Westhaven Park - West Haven Park II - B
    Rent Special
    Rent Special
    1 BED
    $192+
    2 BEDS
    $192+
    3 BEDS
    $192+

    West Haven Park II - B

    1949 W Lake St, Chicago, IL 60612
  4. Building Photo - 10222 S Lafayette Ave
    1 BED, 1 BATH
    $525
    Total Monthly Price Total Monthly Price New
    Base Rent$525 - $800
    Required Monthly FeesNone
    Total Monthly Price$525 - $800

    10222 S Lafayette Ave

    10222 S Lafayette Ave, Chicago, IL 60628
    Apply
  14. Building Photo - Lakeside 6241
    STUDIO
    $700+
    1 BED
    $945+

    Lakeside 6241

    6241 N Winthrop Ave, Chicago, IL 60660
  15. Exceptional Value
    STUDIO
    $700+
    1 BED
    $1,200+

    Hyde Park Beach

    5325-5327 S Cornell Ave, Chicago, IL 60615
  22. Building Photo - 6211 S Woodlawn Ave
    1 BED, 2.5 BATHS
    $750
    Total Monthly Price Total Monthly Price New
    Base Rent$750
    Required Monthly FeesNone
    Total Monthly Price$750

    6211 S Woodlawn Ave Unit B - Room 4

    6211 S Woodlawn Ave, Chicago, IL 60637
Showing 42 of 750 results, Page 1 of 18

Chicago at a Glance

Average Rent

$2,015
(All bedrooms and property types)
Learn more about
Average Rent in Chicago
9

School Rating

out of 10 Rating
Learn more about
Schools in Chicago

Chicago, IL Cheap Apartments for Rent

When looking for cheap apartments in Chicago, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Chicago.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 750 cheap apartments available in Chicago Apartment Finder is the place to find your next rental.

Renting in Chicago

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Chicago

(For 1 bedroom apartments)

Education

Public University
Private University
Public University
Public University
Private University
GreatSchools Rating
Northside College Preparatory High School

Public High School

Public
Grades 9-12
1,040 Students
GreatSchools Rating
Hancock College Preparatory High School

Public High School

Public
Grades 9-12
1,013 Students
GreatSchools Rating
Devry Advantage Academy High School

Public High School

Public
Grades 9-12
135 Students
GreatSchools Rating
Jones College Prep High School

Public High School

Public
Grades 9-12
1,941 Students
GreatSchools Rating
Von Steuben Metro Science High School

Public High School

Public
Grades 9-12
1,656 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Chicago

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Chicago Apartments for Rent in Your Budget

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