Cheapest Cities to Rent in Illinois (2026)
The cheapest rent in Illinois is in Chicago, IL, where a 2-bedroom averages $1,781/mo and a 1-bedroom $1,581/mo (2026 HUD Fair Market Rent) — $0/mo below the Illinois average 2BR of $1,781. The table below ranks all 1 of the cheapest cities to rent in Illinois.
Top 1 Cheapest Cities in Illinois
Ranked by 2-bedroom rent price (lowest first)
| Rank | City | Studio | 1 Bed | 2 Bed | 3 Bed | Income Needed |
|---|---|---|---|---|---|---|
#1 | Chicago, IL | $1,480 | $1,581 | $1,781 | $2,294 | $71,240/yr |
Why These Illinois Cities Are Affordable
Illinois offers excellent affordability relative to major metros. Chicago provides big-city amenities at prices well below NYC, LA, or SF. Downstate cities rank among the nation's most affordable.
- Below-average housing costs: These cities have housing indices lower than the state average of 85
- Lower demand: Smaller populations and less competitive markets keep prices reasonable
- Diverse housing stock: Mix of older and newer buildings provides options at various price points
- Regional economies: Local job markets support working populations without coastal-city premiums
Income Requirements
Using the standard 30% of income guideline, here's what you need to earn to afford rent in Illinois's cheapest cities:
How Illinois's Cheapest Cities Compare
What to Consider Before Moving
Best For
- ✓Urban lifestyle seekers
- ✓Finance professionals
- ✓University employees
- ✓Budget-conscious renters
Considerations
- •Cold winters
- •High property taxes
- •Declining population in some areas
Cheapest Rent in Illinois: FAQ
Where is the cheapest rent in Illinois?
The cheapest rent in Illinois is in Chicago, IL, where a 2-bedroom averages $1,781/month and a 1-bedroom $1,581/month in 2026 (HUD Fair Market Rent).
How much can I save renting in Illinois's cheapest cities?
By choosing Illinois's cheapest city over the state average 2BR of $1,781, you could save $0/month or $0/year on rent.
Is rent in Illinois's cheapest city below the US average?
No. A 2-bedroom in Chicago costs $1,781/month, which is $208/month above the US median 2BR Fair Market Rent of $1,573 (HUD, 2026).
What income do I need to rent in Illinois's cheapest cities?
To afford the cheapest 2BR in Illinois at $1,781/month, you need approximately $71,240/year based on the 30% of income guideline.