IL rent guide
How to Find the Cheapest Place to Rent in Chicago (June 2026)
Data as of Jun 9, 2026 · 371 live Chicago rentals
Typical rent in Chicago runs about $2,095 a month, but the cheapest unit listed right now starts at $995. That gap is the whole game: the lowest rent in Chicago is less about the “average” and more about catching the right building, the right floor plan, and the right week. Here’s how to do that, plus the cheaper nearby areas worth a look.
Studio
$1,880
typical / mo
1 bed
$2,000
typical / mo
2 bed
$2,685
typical / mo
3 bed
$3,200
typical / mo
Where to look: Chicago and the nearby areas
The fastest way to cut your rent is to widen the map. These are the closest markets to Chicago we track, sorted cheapest first. The lower ones are usually a bit farther out or have older housing stock; the pricier ones tend to be closer-in or newer. Pick by what your commute can take.
| Area | Typical rent | vs Chicago |
|---|---|---|
| Chicago (this city) | $2,095 | - |
| Cicero, IL | $900 | $1,195 cheaper |
| Berwyn, IL | $1,325 | $770 cheaper |
| Niles, IL | $1,550 | $545 cheaper |
| Skokie, IL | $1,690 | $405 cheaper |
| Oak Park, IL | $1,903 | $192 cheaper |
| Evanston, IL | $2,295 | $200 more |
| Park Ridge, IL | $2,752 | $657 more |
How to actually find the cheapest place in Chicago
- Filter to the exact bedroom count you need. A studio isn’t automatically cheaper than a one-bedroom (here studios run ~$1,880 vs ~$2,000 for a one-bed), so compare the size you actually want, not the smallest one.
- Sort by price and watch the “from” vs typical gap. The cheapest Chicago unit (~$995) sits well under the median (~$2,095). The deals live at the bottom of that range, not the middle.
- Widen to the nearby areas above. Stretching to Cicero or Berwyn can save you real money each month if your commute allows it.
- Set a price-drop alert. Save your search on Budget Leases and get an email the moment a cheaper or newly-dropped Chicago place lists, so you see it before it’s gone.
- Be ready to move. The lowest-priced units go fastest. Have your documents ready and tour quickly; in a tight week the cheapest listing can be gone in days.
The cheapest Chicago rentals right now
The fastest way to find the cheapest place in Chicago
We track every Chicago rental we can find and rank them by price, deals first, so you don’t have to check a dozen sites. Browse the full list, filter to your size, and save a search to get the cheapest new ones by email.
See all 371 rentals in Chicago →Frequently asked questions
What is the cheapest rent in Chicago right now?
The single lowest-priced unit we're tracking in Chicago starts around $995/mo, against a typical (median) rent of about $2,095. The cheapest unit is often a few hundred dollars under the median, so sorting by price and moving quickly matters as much as the city you pick.
How much is rent in Chicago compared to the rest of IL?
Chicago's typical rent (~$2,095/mo) runs about 16% above the IL median of $1,807. Nearby Cicero runs cheaper still, around $900.
Where are the cheapest areas near Chicago?
The best-value nearby markets right now are Cicero (~$900/mo), Berwyn (~$1,325/mo), Niles (~$1,550/mo), Skokie (~$1,690/mo). They're a bit farther out, but widening your search to them is the single biggest lever on rent if you can manage the commute.
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Browse the cheapest rentals →Budget Leases is an independent rental tracker and isn’t affiliated with any listing provider. Rents and availability change constantly, so always confirm the current price on the original listing before you make a decision.