Cost of Living In Chicago For Students

Chicago, one of the largest cities in the Midwest USA, is a prime hub for both tourists and international students. As one of the most populated cities in the country, it is renowned for its gorgeous architecture, rich history, and culture. Whether it's the striking skyline, deep-rooted cultural heritage, or iconic references in pop culture (Chicago Med? Chicago Fire?), the city's global recognition is undeniable.

Beyond its cultural and historical significance, Chicago stands as a major center for transportation, commerce, and education. The city is home to some of the most prestigious colleges, making it an attractive destination for students worldwide. However, living expenses in Chicago for international students can be a major consideration when planning their studies. Managing your budget is essential since Chicago University tuition fees, housing, and daily necessities are all essential. We’ve got you covered with a breakdown of student living costs in Chicago to help you navigate your budget. From average rent for students in Chicago to public transportation costs and monthly expenses, our guide will help you plan effectively.

Cost Of Living In Chicago For Students

International students should plan their budget well before moving to Chicago. The average cost of living in Chicago for students is $1,500 to $2,500 monthly, depending on lifestyle and accommodation choices. This estimate covers rent, food, transport, and other miscellaneous daily expenses. 

The average cost of living in Chicago is 24% more expensive than that of the State of Illinois,  averaging up at 4.3% increase over the year. At the same time, its housing costs in Chicago are also 52% higher than the national average. Yet, utility costs are 3% lower than the national average. The costs of transportation are also around 25% more than the national average for Chicago.  Additionally, students should factor in initial moving costs and university-related expenses to avoid financial surprises. Careful planning helps you manage your finances well while still living the student life in Chicago.

University Tuition Costs in Chicago

As a student, the biggest element burning a hole in your pocket is the mandatory (obviously) tuition fees. Depending on the type of courses and the university, the cost fluctuates and influences your cost of living in Chicago in a drastic manner. So, let’s start by looking at some of the universities and their tuition rates.

1. University of Illinois Chicago

A public research college of the Windy city, the University of Illinois offers one of the most diverse range of courses in the country. Which eventually serves as a prime point for attracting students. With such a reputation comes a heavy price. Average tuition fees can range anywhere from $80,000 to $260,000 for a 4-year Degree while a 2-year degree costs around $38,000 and $130,000.

2. University of Chicago

Established in 1890, the University of Chicago is a private urban research institution home to an undergraduate college noteworthy in the fields of Sociology and Ecology. Known for being the ground zero of the first ever human-made self-sustaining nuclear chain reaction, the university is well sought after all over the world. The average living expenses near University of Chicago with tuition fee is around $63,000. 

3. Illinois Institute of Technology

A result of the merger by the Armour and Lewis institute, the Illinois Institute of Technology is a technical & scientific research institute based in Chicago. The institute is home to America’s first fully functional microgrid, which helps curb greenhouse gas emissions and eliminates costly electronic outages. Focused on business, science, applied tech, and engineering, the institute is a front runner for students to apply to.  The average tuition rate of the institute is around $50,000.

How Can You Save on Tuition Fees in Chicago?

One of the most effective ways to manage Chicago University tuition fees and the overall cost of living in Chicago for students is by securing scholarships. While tuition rates are generally fixed, universities offer a variety of merit-based and need-based scholarships that can significantly ease financial burdens. Checking university websites can provide valuable insights into available funding options, helping students plan their budget for the entire duration of their stay. In addition to university-specific aid, government-funded scholarships can further reduce Chicago student living expenses.

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If you’re looking for the best scholarship opportunities to ease your financial burden, check out our latest blog on the Top 20 Scholarships for International Students in the USA 2025. This guide will help you explore funding options that can make your education and cost of living in Chicago more affordable while allowing you to focus on your studies without financial stress.

Apartments And Housing In Chicago

Finding the right off-campus housing and apartments in Chicago is an essential part of planning your student life in the city. Whether you choose on-campus housing or off-campus student accommodation, your rent will vary depending on location, apartment size, amenities, and whether you're sharing the space with roommates.

Average Rent in Chicago

Rental costs significantly contribute to the cost of living in Chicago, particularly for Indian and international students. The average rent for students in Chicago varies based on whether you opt for a private or shared apartment, proximity to major universities, and available facilities. The median rent in Chicago is approximately $3,080 per month, with pricing fluctuating based on different apartment types:

• 1-bedroom apartment in the city center: $1,800–$3,500/month
• 1-bedroom apartment outside the city center: $1,000–$2,600/month
• 3-bedroom apartment in the city center: $3,200–$5,550/month
• 3-bedroom apartment outside the city center: $2,200–$4,500/month

If you want to know more about what each of these room types includes, you can watch amber’s FAQ video about all the different room types and their features.

How to Save on Accommodation Costs in Chicago?

1. Choose Off-Campus Housing Wisely – Off-campus housing is often cheaper than on-campus options, especially in affordable student housing in Chicago neighborhoods. Look for areas with good public transport connectivity.

2. Consider Shared Apartments – Sharing an apartment with roommates significantly lowers the cost of living in Chicago, as rent and utilities are split among tenants.

3. Look for Student Housing Discounts and Offers – Some landlords and student housing providers offer discounts, referral bonuses, or waived security deposits, helping reduce upfront costs.

4. Use University Resources – Universities provide housing listings, roommate-finding services, and cost comparisons of on-campus and off-campus housing in Chicago to help students make cost-effective choices.

5. Budget for Utilities and Groceries – Look for apartments with utilities included in the rent, and shop smartly to manage the cost of living in Chicago and the grocery expenses.

6. Use Public Transportation – Instead of living in high-rent areas, stay near public transit to save on commuting costs. Take advantage of student discounts in Chicago for transit passes.

Transportation Cost In Chicago

Now that we've covered tuition and accommodation, it's time to connect them with transportation in Chicago. The Chicago living cost for students will vary depending on how you choose to get around. While walking is an option in some areas, the city's vast layout makes public transportation essential for daily commutes. Thankfully, Chicago has a well-developed and affordable transit system that helps students manage their cost of living in Chicago efficiently.

1. L-Trains (The "L"): One of the most economical and convenient ways to travel in Chicago is the elevated train system (L-trains). With a weekly pass costing around $28, this is a budget-friendly and reliable commuting option for those living in Chicago. It’s the most recommended way to get around the city.

2. Taxis: Have an exact location in mind and need to rush? Hail a cab and commute a tad bit faster. With an average cost between $2.25 to $3 per mile, it makes for an efficient transportation solution, although it would add up to a higher cost down the line.

3. Buses: If you're looking for affordable student housing in Chicago and need a low-cost commute, buses are a great choice. With fares at $2.50 per ride, buses provide extensive coverage across the city and operate from early morning until late at night.

4. Metro Rail: If you need to travel to the suburbs or beyond, Chicago’s Metro Rail is a convenient option for those living in Chicago. Ticket prices range from $4 to $11 per trip, depending on your destination. This is ideal for weekend trips or commuting to universities located outside the city.

5. Water Taxi: What’s better than land-based vehicles and yet economical? WATER TAXIS! Commuting through the waterways of Chicago, a one-way ticket costs around $6 to $7. Totally worth once in a while as you commute across the city.

How to Save on Chicago Public Transportation Costs?

1. Get a CTA Weekly or Monthly Pass – Instead of paying per ride, invest in a Chicago Transit Authority (CTA) pass. A weekly pass costs $28, making it a cost-effective option for daily commuters.

2. Use Student Discounted Transit Cards – Many universities in Chicago partner with CTA to provide U-Pass cards, which offer unlimited rides at a lower cost for students, reducing monthly expenses in Chicago.

3. Track Transit Deals and Promotions – Keep an eye on CTA's seasonal promotions, special student discounts in Chicago, or city programs offering discounted transit options to save even more.

4. Check for Free Shuttle Services – Some universities and Chicago student apartments provide free shuttles to and from campuses, saving you money on daily transport.

Food And Grocery Costs In Chicago 

Managing food and the cost of groceries in Chicago is essential for students looking to balance their cost of living in Chicago. Whether you prefer dining out or cooking at home, food expenses can vary based on lifestyle and shopping habits.

Average Grocery Costs in Chicago

For students living on a budget, grocery shopping is the most cost-effective way to manage cost of living in Chicago. On average, a student’s monthly grocery bill can range from $250 to $400, depending on eating habits and store preferences.

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Dining Out & Restaurant Costs

For students who prefer eating out, Chicago offers a range of budget-friendly options. However, dining out frequently can add up:

1. Fast food meal – $8–$12

2. Casual dining (per meal) – $12–$20

3. Mid-range restaurant (three-course meal for two) – $50–$80

4. Coffee from a café – $3–$6

Ways to Save on Food & Grocery Expenses

1. Buy in Bulk – Purchasing staples like rice, pasta, and canned goods in bulk from wholesale stores like Costco can lower costs.

2. Cook at Home – Preparing meals at home is significantly cheaper than dining out and helps manage monthly expenses in Chicago.

3. Look for Student Discounts & Meal Plans – Some universities offer affordable student meal plans or on-campus dining discounts. However, remember that you might have to show your student ID to prove your student status and get the best student discounts.

4. Shop at Farmers’ Markets – Fresh produce is often cheaper at local markets compared to supermarkets.

Healthcare Cost in Chicago

Healthcare is a crucial factor in the cost of living in Chicago, especially for international students who may not have immediate access to public healthcare services. Medical expenses, including doctor visits, prescriptions, and insurance, can significantly impact Chicago student living expenses if not planned properly.

Average Healthcare Costs in Chicago

The average cost of healthcare in Chicago, IL, is 7.0% higher than the national average, making it essential for students to secure adequate health insurance and be aware of available medical services. Here’s a breakdown of estimated healthcare costs:

1. Doctor’s Visit – $120–$200 per consultation

2. Emergency Room Visit – $1,000+ without insurance

3. Prescription Medication – $15–$100 per month (varies by medication)

4. Health Insurance (for students) – $1,500–$3,000 per year

Ways to Save on Healthcare in Chicago

1. Use University Health Centers – Most universities offer discounted or free medical consultations, reducing Chicago student living expenses.

2. Get a Health Insurance Plan – International and domestic students should invest in affordable student health insurance to avoid high out-of-pocket costs.

3. Choose Urgent Care Over ER – Emergency room visits can be expensive; opt for urgent care centers for non-emergency treatments.

4. Use Generic Medications – Prescription drugs in Chicago are slightly cheaper than the national average, but choosing generics can help save more.

5. Check for Free or Low-Cost Clinics – Some community health centers offer affordable checkups, dental care, and vision screenings for students.

Utility Cost in Chicago

Managing utility bills in Chicago is a crucial part of handling your cost of living in Chicago. Apart from rent and groceries, students need to budget for essential utilities, including electricity, heating, cooling, water, and garbage collection. On average, the monthly utility cost for a standard apartment in Chicago is around $160–$180, depending on usage and apartment size.

Tips to Save on Utility Bills in Chicago

1. Choose Energy-Efficient Apartments – Some affordable student accommodations in Chicago include utilities in the rent, helping you save.

2. Use Public Wi-Fi Where Possible – Many libraries, coffee shops, and universities offer free internet.

3. Opt for Budget Mobile Plans – Student-friendly prepaid or family plans can lower monthly mobile expenses.

4. Be Smart with Energy Use – Turn off unnecessary lights, use energy-efficient appliances, and adjust heating/cooling settings wisely.

Affordable Places to Live in Chicago

Finding affordable housing in Chicago is a priority for students looking to balance rent, utilities, and daily expenses. While the cost of living in Chicago can be high in downtown areas, several neighborhoods offer budget-friendly accommodations with good public transport access, making them ideal for students.

Best Affordable Neighborhoods for Students in Chicago

1. Bridgeport | Average Rent: $1,200–$1,800/month

Located on the South Side, Bridgeport is a student-friendly area with affordable apartments and a strong community feel. It's well-connected to downtown via public transit and is a great option for students at the University of Illinois Chicago (UIC).

2. Pilsen | Average Rent: $1,300–$2,000/month

Known for its artistic vibe, Pilsen offers cheap housing options in Chicago with easy access to downtown via the Pink Line. The neighborhood is great for students looking for lower rent while staying close to universities.

3. Hyde Park | Average Rent: $1,400–$2,200/month

Home to the University of Chicago, Hyde Park offers a mix of on-campus and off-campus housing. While some areas can be pricey, students can find shared apartments and budget-friendly rentals near campus.

4. Rogers Park | Average Rent: $1,000–$1,800/month

One of the most budget-friendly neighborhoods, Rogers Park is a great choice for students at Loyola University Chicago. It has easy access to the Red Line, offering a quick commute to other parts of the city.

5. Albany Park | Average Rent: $1,100–$1,900/month

Located in the northwest, Albany Park is one of the most affordable places for students in Chicago. It has excellent diversity, cheap grocery options, and good public transportation links via the Brown Line.

By exploring scholarship opportunities, opting for cost-effective housing, and taking advantage of public transit options, students can effectively balance their cost of living in Chicago while enjoying everything the city has to offer. While the cost of living in Chicago may be higher than in some cities, smart planning and informed choices can help students live comfortably without overspending. All the best!

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