Save search
Skip the filters. Search with AI Mode instead.

Apartments for Rent in Chicago, IL under $200

Apartments for Rent in Chicago, IL under $200. 9 Rentals Available
9 Rentals Available
Quick filters
  • 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 (2)
    2656-58 W. Iowa St., Chicago, IL 60622
    Pet friendly • Parking • Dishwasher
  • Ask for pricing
    Verified Listing

    739 N Ada St, Chicago, IL 60642
    Cat friendly • Dishwasher • Patio/Balcony
  • 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

    1727-29 N. Halsted St., Chicago, IL 60614
    Dishwasher • Air conditioner • Washer/Dryer
  • Studio $200
    Base rent
    Verified Listing

    5.0 (1)
    1722 W Hastings, CHICAGO, IL 60608
    Pet friendly
  • Studio $140
    Base rent
    Verified Listing

    8244 - 8246 S Vernon, Chicago, IL 60619
    Pet friendly
7-0-city

Frequently asked questions

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

Prices and availability in Chicago, IL were last updated on 7 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.

Apartments in Chicago, IL under $200

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $200?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 9 apartments for rent in Chicago, IL on which you’ll spend less than $200. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $200

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $200. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.