Cheap Apartments for Rent in 60516

19 rentals

Apartments For Rent Near 60516

We found 30 more apartments matching your filters just outside 60516

Average Rent Trends in 60516

Rent in 60516 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Nov 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Dec 2025$2,600
Jan 2026$2,150
Feb 2026$2,700
Mar 2026$2,200
Apr 2026$2,088
May 2026$1,950
Jun 2026$2,300
Jul 2026$2,720
Aug 2026$3,000
Sep 2026$2,325
Oct 2026$2,200
Nov 2026$2,800
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,578$2,100$2,800$3,600$2,595
Townhomes—$2,106$2,595—$2,500
Apartments and Condos—$2,100$16,299—$2,100
Houses——$2,800$3,600$3,150

Frequently Asked Questions about Cheap Apartments for rent in 60516

  • How many cheap apartments are for rent in 60516?
    Trulia currently lists 61 cheap apartments for rent in 60516.
  • How much do cheap apartments in 60516 rent for?
    Rents for cheap apartments in 60516 range from $1,370 to $16,299 a month. Each listing shows its exact rent and any fees.
  • How does Trulia decide which rentals are cheap?
    This page shows rentals in the lowest price tier for apartments in 60516, sorted from the lowest rent up.
  • How can I find the cheapest apartments to rent in 60516?
    This page sorts apartments in 60516 from lowest rent up, starting at $1,370 a month. Filtering by fewer bedrooms or utilities included lowers costs further.
  • What trade-offs come with the cheapest rentals?
    Lower rents often mean smaller units, older buildings, fewer amenities or a longer commute. Check what utilities are included to compare true cost.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 60516 - 218 Rentas | Trulia