Budget Leases

Apartments for Rent in Chicago, IL

The cheapest rental in Chicago, IL we're tracking starts at $995/mo, with an average asking rent of $2,229/mo across 371 listings. That runs about 13% above the IL state average of $1,978/mo, toward the pricier end of the state. By size, expect one-bedrooms around $2,156/mo and two-bedrooms around $2,789/mo. Listings are ranked cheapest-first and updated regularly.

Updated Jun 9, 2026

Cheapest
$995
lowest listed rent
Average rent
$2,22913% above IL
across all sizes
Average by sizevs IL typical
Studio$1,8863% above IL
1 bed$2,15620% above IL
2 bed$2,78921% above IL
3 bed$3,21612% above IL

Renter guide

How to find the cheapest place to rent in Chicago

371 rentals in Chicago, IL

Every size & style, ranked by price

Renting in Chicago, IL: common questions

How much is rent in Chicago, IL?
The average asking rent across the 371 listings we track in Chicago, IL is $2,229/mo, with the cheapest starting at $995/mo. Prices change often, so confirm current rates on each listing.
What is the cheapest apartment for rent in Chicago?
532-34 W. Grant is the lowest-priced rental we're tracking in Chicago, IL at $995/mo. We rank every listing cheapest-first so the best-value options are always at the top.
What is the average rent by bedroom in Chicago?
Based on the listings we track in Chicago, IL: studios around $1,886/mo, one-bedrooms around $2,156/mo, two-bedrooms around $2,789/mo, three-bedrooms around $3,216/mo. These are averages and shift with availability.
Is Chicago expensive to rent in?
Chicago sits toward the higher end: its average rent of $2,229/mo is about 13% above the IL state average of $1,978/mo.

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Nearby cities
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