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Cheap Apartments for Rent in Chicago, IL - 1,682 Rentals available

Apartments Under $600

Apartments Under $700

Apartments Under $800


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Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Chicago, IL?

The price range of a cheap apartment is between $550 and $17,500. Find cheap apartments in Chicago, IL.

How many cheap rentals are available in Chicago, IL on RENTCafé?

There are 1418 cheap rentals available on RENTCafé. Prices and availability in Chicago, IL were last updated on 22 Jan 2021.

What is the average size of a cheap apartment in Chicago, IL?

The average Chicago, IL cheap apartment size is 320 sq. ft.

What are the advantages of renting a cheap apartment in Chicago, IL?

Cheap apartments in Chicago, IL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Chicago, IL?

A cheap apartment in Chicago, IL offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Chicago, IL.

Renting a Cheap Apartment in Chicago

The heart of the heartland, Chicago is a Midwestern metropolis with international flavor. A diverse and friendly population, thriving tourist economy, vibrant art and theatre scene, amazing restaurants and strong athletic traditions all combine to make Chi-town much beloved. Chowing down a Chicago-style hot dog at Wrigley Field is on many baseball fans’ life lists, and this is considered one of the best cities for being a sports fan in the U.S. You could roam the city trying all of the pizza joints for weeks ...unless you got distracted by all the other culinary offerings, from street carts to super swanky A-list restaurants. The range of neighborhoods here is equally large, though many residential areas are in proximity to Lake Michigan. A well-diversified economy with strong finance, science and engineering sectors creates many good jobs. And we’d be remiss not to mention the city’s affinity for politics, especially since current U.S. President Barack Obama calls Chicago home. He was a community organizer here early in his career.

Chicago, IL Demographics

  • Total Population2,718,555
  • Female 1,320,499
    Male 1,398,056
  • Median Age34.3

Average Rent in Chicago, IL

  • Chicago, IL Average Rental Price, December 2020 $1,799 /mo

Chicago, IL Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00012%
  • $1,001-$1,50029%
  • $1,501-$2,00027%
  • > $2,00030%

Chicago, IL Rent Trends

Average Rent Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Dec / 2020
Chicago, IL $1,834 $1,811 $1,815 $1,896 $1,897 $1,910 $1,998 $1,950 $1,967 $1,918 $1,799
National $1,373 $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Chicago, IL Households

  • Total Number of Households1,056,118
  • Family 565,621
    Non-family 490,497
  • Children 283,978
    No Children 772,140
  • Average People Per Household2.52
  • Median Household Income$55,198
  • Median Housing Costs Per Month$1,211

Chicago, IL Education Statistics

  • No High School7%
  • Some High School31%
  • Some College20%
  • Associate Degree5%
  • Bachelor Degree22%
  • Graduate Degree14%

Looking for a cheap apartment for rent in Chicago, IL? With RENTCafé, finding an affordable apartment in Chicago, IL has never been easier. We feature 1,682 low-priced rentals directly from property managers, with rents lower than the Chicago, IL average. What is a cheap rent in Chicago, IL? The average apartment rent in Chicago is $1,799 per month so any rental south of $1,439 would be considered cheap here. On RENTCafé, Chicago, IL rents go as low as $600/mo.

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