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Cheap Apartments for Rent in Chicago, IL - 1,703 Rentals available

Apartments Under $500

Apartments Under $600

  • 1236 E. 46Th Street, Chicago, IL 60653
    $550 - $850
    • Studio-2 Beds
    • 1 Bath
    Wolcott Real Property
    Available Today! Last updated 18 Jun 2021

Apartments Under $700

  • 741-53 E 79Th St, Chicago, IL 60619
    $620 - $705
    • Studio-1 Bed
    • 1 Bath
    Pangea Real Estate
    Available Today! Last updated 18 Jun 2021
    (312) 724-7007
  • 6522 S Vernon Ave, Chicago, IL 60637
    $625
    • 1-2 Beds
    • 1 Bath
    Five T Management, Inc.
    Last updated 6 Nov 2020
    (773) 952-8004
  • 5630-5638 South Michigan, Chicago, IL 60637
    $650 - $1,100
    • 2-3 Beds
    • 1-2 Baths
    Wolcott Real Property
    Available Today! Last updated 18 Jun 2021
  • 4755 N. Sawyer, Chicago, IL 60625
    $675
    • Studio-2 Beds
    • 1 Bath
    Svigos Asset Mgt
    Available Today! Last updated 18 Jun 2021
    (847) 735-0656
  • (1)
    4631-37 S. Lake Park, Chicago, IL 60653
    $675 - $1,000
    • 1-3 Beds
    • 1 Bath
    Wolcott Real Property
    Available Today! Last updated 18 Jun 2021
  • (1)
    4655 S. Lake Park, Chicago, IL 60653
    $675 - $1,100
    • 1-3 Beds
    • 1-2 Baths
    Wolcott Real Property
    Available Today! Last updated 18 Jun 2021
  • 5455 South Blackstone Avenue, Chicago, IL 60615
    See current rent specials
    $695 - $1,400
    • Studio-1 Bed
    • 1 Bath
    Pioneer Acquisitions
    Last updated 18 Jun 2021
    (773) 985-5117

Apartments Under $800


Look for cheap apartments near me

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 $430 and $17,500. Find cheap apartments in Chicago, IL.

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

There are 1426 cheap rentals available on RENTCafé. Prices and availability in Chicago, IL were last updated on 18 Jun 2021.

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

The average Chicago, IL cheap apartment size is 319 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.

Chicago, IL Demographics

  • Total Population2,709,534
  • Female 1,317,791
    Male 1,391,743
  • Median Age34.6

Average Rent in Chicago, IL

  • Chicago, IL Average Rental Price, May 2021 $1,908 /mo

Chicago, IL Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00011%
  • $1,001-$1,50028%
  • $1,501-$2,00025%
  • > $2,00035%

Chicago, IL Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Chicago, IL $1,815 $1,896 $1,897 $1,910 $1,998 $1,950 $1,967 $1,918 $1,794 $1,862 $1,908
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
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Chicago, IL Households

  • Total Number of Households1,066,829
  • Family 566,804
    Non-family 500,025
  • Children 280,365
    No Children 786,464
  • Average People Per Household2.48
  • Median Household Income$58,247
  • Median Housing Costs Per Month$1,241

Chicago, IL Education Statistics

  • No High School7%
  • Some High School31%
  • Some College20%
  • Associate Degree6%
  • Bachelor Degree23%
  • 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 1,703 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 $1,908 per month so any rental south of $1,526 would be considered cheap here. On RENTCafé, Chicago, IL rents go as low as $430/mo.

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