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Apartments for Rent in Chicago, IL under $200

Apartments for Rent in Chicago, IL under $200. 10 Rentals Available
10 Rentals Available
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  • Only 3 units left
    Studio $100
    Base rent
    Verified Listing

    244 W. Alexander Street, Chicago, IL 60616
    Apply online • Pet friendly
  • Rent specials
    Ask for pricing
    Verified Listing

    3.5 (3)
    2020 N. Bissell St., Chicago, IL 60614
    Pet friendly • In unit laundry • Dishwasher
  • Rent specials
    Ask for pricing
    Verified Listing

    3622 N. Marshfield Ave., Chicago, IL 60613
    Pet friendly • Dishwasher • Patio/Balcony
  • Rent specials
    Ask for pricing
    Verified Listing

    3.5 (2)
    2656-58 W. Iowa St., Chicago, IL 60622
    Pet friendly • Parking • Dishwasher
  • Rent specials
    Ask for pricing
    Verified Listing

    1727-29 N. Halsted St., Chicago, IL 60614
    Dishwasher • Air conditioner • Washer/Dryer
  • Ask for pricing
    Verified Listing

    4.0 (5)
    1947 N. Cleveland Ave., Chicago, IL 60614
    Cat friendly • Dishwasher • Hardwood Floors
  • Studio $100
    Base rent
    Verified Listing

    PL 2845 West 24Th Boulevard, Chicago, IL 60623
    Pet friendly • Air conditioner
  • 6716 South Clyde Avenue Studio Apartment for Rent
    Studio $194+
    Base rent
    Verified Listing

    6716 South Clyde Avenue, Chicago, IL 60649
    Pet friendly • Hardwood Floors
8-0-city

Frequently asked questions

When were prices and availability in Chicago, IL last updated?

Prices and availability in Chicago, IL were last updated on 27 Jul 2026.

What are the best apartments in Chicago, IL?
What type of rental buildings are in Chicago, IL?

In Chicago, 54% of the residents are renting compared to 46% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 27% of Chicago's rentals, 66% are small-scale complexes with under 50 units, and 6% are single-family rentals.

Renting apartments in Chicago, IL under $200

Searching for apartments for rent in Chicago, IL under $200 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Chicago, IL, where the average rent is per month, there are 10 units available for less than $200. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $200” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Chicago, IL. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Chicago, IL going for $194 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.