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Apartments for Rent in Chicago, IL under $1500
848 Rentals Available

  • Top Rated for Location
    View from serving bar at 7251 at Waters Edge, Chicago, 60649 Bedroom with bed, night stand city view at 7251 at Waters Edge, Chicago
    4.0
    Today

    7251 S. South Shore Drive, Chicago, IL 60649
    2 Units available
    STUDIO $1,200
    1 BED Ask for Pricing
    View from serving bar at 7251 at Waters Edge, Chicago, 60649 Bedroom with bed, night stand city view at 7251 at Waters Edge, Chicago Roomy dining area at 7251 at Waters Edge, Chicago, Illinois Fitness center with treadmills at 7251 at Waters Edge, Illinois, 60649
    Property reviews
    5/5 Anonymous on Feb 15, 2024

    I love it here! My Apartment is great. The staff is the best.

    5/5 Eunice H. on Jan 3, 2024

    I love living here,,,, i came a long way ,,, i seen people come and go,,,, and also pass away that i was personally close to,,, this is my Home ??

  • Today

    707 West Sheridan Road, Chicago, IL 60613
    STUDIO Ask for Pricing
  • Today

    434 W. Wellington Ave., Chicago, IL 60657
    STUDIO $1,155+
    1 BED Ask for Pricing
  • Today

    3545-47 W. Cortland St., Chicago, IL 60647
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    3600 W Franklin Blvd, Chicago, IL 60624
    1 BED $1,015
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • Today

    3935 W Diversey, Chicago, IL 60647
    STUDIO Ask for Pricing
    1 BED $1,267+
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  • Today

    7251 S. South Shore Drive, Chicago, IL 60649
    STUDIO $1,200
    1 BED Ask for Pricing
  • Today

    6238-44 S Western Ave, Chicago, IL 60636
    STUDIO $725+
  • Today

    222 E 109Th St, Chicago, IL 60628
    STUDIO Ask for Pricing
    1 BED $980
    2 BEDS Ask for Pricing
  • 1 day ago

    6210 S Dorchester Ave, Chicago, IL 60637
    2 BEDS $1,295
    4 BEDS Ask for Pricing
  • 1 day ago

    1286 N Victoria, Chicago, IL 60660
    1 BED $1,495
    2 BEDS Ask for Pricing
  • 1 day ago

    5514 S Blackstone Ave, Chicago, IL 60615
    STUDIO Ask for Pricing
    1 BED $1,420+
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  • Today

    729 N Central, Chicago, IL 60644
    1 BED $1,050
    2 BEDS Ask for Pricing
  • 1 day ago

    1436 W Thorndale Ave, Chicago, IL 60660
    1 BED $1,425+
  • Today

    6241 N Winthrop Avenue, Chicago, IL 60660
    STUDIO $750
    1 BED $1,140
    2 BEDS Ask for Pricing
  • Today

    543 W 74Th St, Chicago, IL 60621
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    7956 S Eberhart Ave, Chicago, IL 60619
    1 BED Ask for Pricing
  • Today

    202 West Hill Street, Chicago, IL 60610
    2 BEDS $1,110
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  • Today

    5050 N Sheridan Rd, Chicago, IL 60640
    1 BED $1,482+
  • Today

    6104 S. Woodlawn Ave., Chicago, IL 60637
    STUDIO $921+
    1 BED $1,259+
  • Today

    5214 S. Woodlawn Ave., Chicago, IL 60615
    STUDIO $948+
    1 BED $1,140+
    2 BEDS Ask for Pricing
  • Today

    7003 S Harper, Chicago, IL 60637
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    7643 S Stewart Ave, Chicago, IL 60620
    2 BEDS $980
    3 BEDS Ask for Pricing
  • 1 day ago

    5118 S Dorchester Ave, Chicago, IL 60615
    STUDIO $950+
    1 BED $1,350
  • 1 day ago

    6256 W 64Th Pl, Chicago, IL 60638
    1 BED $1,250
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Getting around in Chicago, IL

86 /100
Very Walkable
65 /100
Good Transit
64 /100
Bikeable
Walk Score®: 86, Transit Score®: 65, Bike Score®: 64

Frequently asked questions

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

Prices and availability in Chicago, IL were last updated on 11 Feb 2025.

What are the best apartments in Chicago, IL?

The best apartments in Chicago, IL are: Shoreham and Tides, The Montrose, State & Chestnut, North Harbor Tower and 7251 at Waters Edge Apartment Homes.

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 26% of Chicago’s rentals, 68% are small-scale complexes with under 50 units, and 7% 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 $576 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 $140 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.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!