Most Affordable Chicago Suburbs

Most Affordable Chicago Suburbs to Live In 2024

Finding an affordable home in the Chicagoland area can be hard. But we have good news for you. We found affordable Chicago suburbs with median home prices from $100K to $300K. Below are 12 cheap Chicago suburbs with median home prices under $165,000. If you love the beach and the lake, we also have cheap Chicago suburbs on Lake Michigan for under $202,000. These are the cheapest Chicago suburbs to live in.

Chicago

Check out our list of the Most Affordable Chicago Suburbs with the Best Commute

What is the Most Affordable Chicago Suburb?

Riverdale is the most affordable suburb of Chicago. Located in the southern part of Cook County, Riverdale has a median sale price of just $119,423. 

Suburban Home

It is conveniently located just 23 miles south of downtown or a 48 minute train ride on the Metra.

Riverdale‚Äôs easy commute to downtown Chicago and affordable home prices make it an attractive Chicago suburb to live in. 

What are the Most Affordable Chicago Suburbs with Median Home Prices under $165,000?

There are 12 affordable Chicago suburbs with median home prices of under $165,000.  

Riverdale, IL in Cook County, is the most affordable Chicagoland suburb with a median sale price of exactly $119,423. 

Suburban Homes

Just a touch higher, Dixmoor, also in Cook County, has a median home price of $124,683. 

Not far behind in affordability is Burnham of Cook County with median home prices of  $126,871. 

Markham, another Cook County gem, has a median sale price of $140,865. 

Suburban Home

As we continue through Cook County, Calumet Park has homes with median prices of $151,996, followed by Dolton at $153,477. 

Phoenix and Calumet City both offer homes with median home prices of $154,306 and $154,615 respectively. 

In the realm of the $156,000s, Thornton and Crestwood come in at $156,607 and $156,781 respectively. 

Suburban street

Rounding out this list of affordability, Merrionette Park and Hazel Crest have homes with median sales prices of $160,750 and $162,019. 

These suburbs, all located in Cook County are perfect for anyone looking to live in an inexpensive Chicago suburb.

Check out the Most Affordable Chicago Beach Towns to Live in

What are the Most Affordable Chicago Suburbs with Beach Access on Lake Michigan?

Among the most affordable suburbs of Chicago, several have the added benefit of beach access on Lake Michigan. 

Beach on Lake Michigan

North Chicago is one such suburb, with a median sale price of $168,544; it is home to beautiful Foss Park District Beach. 

Not far north is Waukegan, with property prices averaging around $201,115. The residents of this affordable Chicago suburb have access to Waukegan Municipal Beach, a picturesque expanse of sand and water that’s a favorite among residents and visitors alike. 

Further up the coast lies Zion, priced at $188,706, where residents can enjoy the tranquility of sandy Illinois Beach State Park. 

Beach on Lake Michigan

These Chicago suburbs are not only affordable but they give residents the perks of lakeside living.  

Check out the Most Affluent Suburbs of Chicago

Most Affordable Chicago Suburbs 

Below is a list of the most affordable Chicago suburbs with median home prices below $306,000.

  1. Riverdale, IL 

Median Sale Price: $119,423

Suburban Home
  1. Dixmoor, IL 

Median Sale Price: $124,683

  1. Burnham, IL 

Median Sale Price: $126,871

  1. Markham, IL 

Median Sale Price: $140,865

  1. Calumet Park, IL 

Median Sale Price: $151,996

  1. Dolton, IL 

Median Sale Price: $153,477

  1. Phoenix, IL 

Median Sale Price: $154,306

  1. Calumet City, IL 

Median Sale Price: $154,615

  1. Thornton, IL 

Median Sale Price: $156,607

Chicago sign
  1. Crestwood, IL 

Median Sale Price: $156,781

  1. Merrionette Park, IL 

Median Sale Price: $160,750

  1. Hazel Crest, IL 

Median Sale Price: $162,019

  1. North Chicago, IL 

Median Sale Price: $168,544

  1. Round Lake Park, IL 

Median Sale Price: $169,412

  1. Chicago Heights, IL 

Median Sale Price: $169,692

Suburban Homes
  1. University Park, IL 

Median Sale Price: $172,662

  1. Hometown, IL 

Median Sale Price: $175,515

  1. Posen, IL 

Median Sale Price: $176,058

  1. Glenwood, IL 

Median Sale Price: $177,425

  1. Chicago Ridge, IL 

Median Sale Price: $177,562

  1. Lansing, IL 

Median Sale Price: $179,536

  1. Rockdale, IL 

Median Sale Price: $180,317

Suburban Home
  1. Country Club Hills, IL 

Median Sale Price: $187,208

  1. Richton Park, IL 

Median Sale Price: $188,039

  1. Zion, IL 

Median Sale Price: $188,706

  1. Worth, IL 

Median Sale Price: $196,154

  1. Blue Island, IL 

Median Sale Price: $198,923

  1. Fox Lake, IL 

Median Sale Price: $198,928

  1. Waukegan, IL 

Median Sale Price: $201,115

Evanston, IL Beach
  1. Round Lake Beach, IL 

Median Sale Price: $202,699

  1. Midlothian, IL 

Median Sale Price: $208,423

  1. Wilmington, IL 

Median Sale Price: $209,932

Check out our list of the Best Chicago Suburbs for families

  1. South Holland, IL 

Median Sale Price: $219,265

  1. Palos Hills, IL

Median Sale Price: $219,654

  1. Alsip, IL 

Median Sale Price: $222,615

  1. Crest Hill, IL 

Median Sale Price: $225,415

  1. Homewood, IL 

Median Sale Price: $229,112

  1. Carpentersville, IL 

Median Sale Price: $229,127

  1. Maywood, IL 

Median Sale Price: $231,069

  1. Bellwood, IL 

Median Sale Price: $232,942

Check out Free Things to Do in Chicago Suburbs

  1. Broadview, IL 

Median Sale Price: $235,781

  1. Matteson, IL 

Median Sale Price: $237,650

  1. Oak Lawn, IL

Median Sale Price: $242,246

  1. Glendale Heights, IL 

Median Sale Price: $244,385

  1. Summit, IL 

Median Sale Price: $244,596

  1. Cicero, IL 

Median Sale Price: $252,423

  1. Oak Forest, IL 

Median Sale Price: $255,211

  1. Bridgeview, IL 

Median Sale Price: $256,750

  1. Joliet, IL 

Median Sale Price: $258,408

Joliet, IL
  1. Forest Park, IL 

Median Sale Price: $260,077

  1. Romeoville, IL 

Median Sale Price: $261,260

  1. Wheeling, IL 

Median Sale Price: $262,615

  1. River Grove, IL 

Median Sale Price: $266,135

  1. Beecher, IL 

Median Sale Price: $265,490

  1. Streamwood, IL 

Median Sale Price: $265,692

  1. Schiller Park, IL 

Median Sale Price: $266,673

  1. Tinley Park, IL

Median Sale Price: $266,481

Suburban Home
  1. Bensenville, IL 

Median Sale Price: $266,699

  1. Hanover Park, IL 

Median Sale Price: $268,750

  1. Schaumburg, IL 

Median Sale Price: $274,019

  1. Lindenhurst, IL 

Median Sale Price: $276,327

  1. Franklin Park, IL 

Median Sale Price: $276,481

  1. Rolling Meadows, IL 

Median Sale Price: $277,231

  1. Hickory Hills, IL 

Median Sale Price: $278,769

  1. Elgin, IL 

Median Sale Price: $279,160

  1. Aurora, IL 

Median Sale Price: $281,492

Aurora, IL
  1. Prospect Heights, IL 

Median Sale Price: $286,589

  1. Melrose Park, IL 

Median Sale Price: $286,996

  1. Roselle, IL 

Median Sale Price: $290,981

  1. Grayslake, IL 

Median Sale Price: $291,551

  1. Berwyn, IL 

Median Sale Price: $293,064

  1. Willowbrook, IL 

Median Sale Price: $296,276

  1. Palatine, IL 

Median Sale Price: $297,481

  1. Des Plaines, IL 

Median Sale Price: $299,423

  1. Villa Park, IL 

Median Sale Price: $299,672

  1. Crystal Lake, IL 

Median Sale Price: $302,985

  1. Lake in the Hills, IL 

Median Sale Price: $303,615

  1. Carol Stream, IL 

Median Sale Price: $303,962

  1. Lombard, IL 

Median Sale Price: $304,192

  1. Elmwood Park, IL 

Median Sale Price: $305,731

  1. Lockport, IL 

Median Sale Price: $306,000

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