Bedrooms
Bathrooms
Filters
Home Price
Move-In Date
School district
Builders
Bedrooms
Bathrooms
Living Areas
Stories/Floors
Primary Bedroom
Garages
Community Amenities
Active Adults (55+) Communities
Other Filters

Chicago, IL New Homes Under $300K

19 Communities

Chestnut Grove by Finney Homes LLC in Chicago Illinois
Home in Chestnut Grove by Finney Homes LLC
Home in Chestnut Grove by Finney Homes LLC

$279,900 - $339,900

Chestnut Grove

Cortland, IL 60112

2 Homes

Finney Homes LLC

The Townes at Becketts by M/I Homes in Chicago Illinois
Home in The Townes at Becketts by M/I Homes
Home in The Townes at Becketts by M/I Homes

$291,990 - $374,610

The Townes at Becketts

South Elgin, IL 60177

4 Floor Plans

Hot Deal

M/I Homes

Brookside Meadows by M/I Homes in Chicago Illinois
Home in Brookside Meadows by M/I Homes
Home in Brookside Meadows by M/I Homes
$15,120

$299,990 - $429,300

Brookside Meadows

Marengo, IL 60152

1 Home

10 Floor Plans

Hot Deal

M/I Homes

Heron Creek by Shodeen Homes in Chicago Illinois
Heron Creek by Shodeen Homes in Chicago Illinois

$50,000 - $463,500

Heron Creek

Sycamore, IL 60178

11 Floor Plans

Shodeen Homes

White Feather by McDonnell Development Company in Chicago Illinois
White Feather by McDonnell Development Company in Chicago Illinois

$233,900 - $299,900

White Feather

Manhattan, IL 60442

8 Floor Plans

McDonnell Development Company

NatureÆs Crossing by Silverthorne Homes in Chicago Illinois
NatureÆs Crossing by Silverthorne Homes in Chicago Illinois

$234,900 - $290,400

NatureÆs Crossing

Cortland, IL 60112

7 Floor Plans

Silverthorne Homes

Prairie Ridge Townhomes by D.R. Horton in Chicago Illinois
Prairie Ridge Townhomes by D.R. Horton in Chicago Illinois

$259,990 - $309,990

Prairie Ridge Townhomes

Hampshire, IL 60140

2 Floor Plans

D.R. Horton

Cedar Creek Duplexes by D.R. Horton in Chicago Illinois
Cedar Creek Duplexes by D.R. Horton in Chicago Illinois

$284,990 - $294,990

Cedar Creek Duplexes

Joliet, IL 60436

D.R. Horton

Oak Creek Estates by Silverthorne Homes in Chicago Illinois
Oak Creek Estates by Silverthorne Homes in Chicago Illinois

$267,400 - $331,400

Oak Creek Estates

Genoa, IL 60135

16 Floor Plans

Silverthorne Homes

Reston Ponds by Shodeen Homes in Chicago Illinois
Reston Ponds by Shodeen Homes in Chicago Illinois

$50,000 - $861,600

Reston Ponds

Sycamore, IL 60178

29 Floor Plans

Shodeen Homes

Cambridge Lakes North Townhomes by D.R. Horton in Chicago Illinois
Cambridge Lakes North Townhomes by D.R. Horton in Chicago Illinois

$279,990 - $324,990

Cambridge Lakes North Townhomes

Pingree Grove, IL 60140

D.R. Horton

Hunters Chase by Phillippe Builders, Inc. in Chicago Illinois
Hunters Chase by Phillippe Builders, Inc. in Chicago Illinois

$298,900 - $391,900

Hunters Chase

Beecher, IL 60401

Phillippe Builders, Inc.

Stonewater Ranch Townhomes by D.R. Horton in Chicago Illinois
Stonewater Ranch Townhomes by D.R. Horton in Chicago Illinois

$250,990 - $289,990

Stonewater Ranch Townhomes

Wonder Lake, IL 60097

2 Floor Plans

D.R. Horton

Prairie Creek by Putman Builders in Chicago Illinois
Prairie Creek by Putman Builders in Chicago Illinois

$299,000 - $789,000

Prairie Creek

Frankfort, IL 60423

12 Floor Plans

Putman Builders

Elburn Station by Shodeen Homes in Chicago Illinois
Elburn Station by Shodeen Homes in Chicago Illinois

$50,000 - $861,600

Elburn Station

Elburn, IL 60119

39 Floor Plans

Shodeen Homes

Stonewater Single Family Ranch by D.R. Horton in Chicago Illinois
Stonewater Single Family Ranch by D.R. Horton in Chicago Illinois

$299,990 - $344,990

Stonewater Single Family Ranch

Wonder Lake, IL 60097

5 Floor Plans

D.R. Horton

Norton Lake by Shodeen Homes in Chicago Illinois
Norton Lake by Shodeen Homes in Chicago Illinois

$50,000 - $861,600

Norton Lake

Saint Charles, IL 60175

32 Floor Plans

Shodeen Homes

Stonewater Townhomes by D.R. Horton in Chicago Illinois
Stonewater Townhomes by D.R. Horton in Chicago Illinois

$239,990 - $299,990

Stonewater Townhomes

Wonder Lake, IL 60097

3 Floor Plans

D.R. Horton

Cambridge Lakes North Ranch Townhomes by D.R. Horton in Chicago Illinois
Cambridge Lakes North Ranch Townhomes by D.R. Horton in Chicago Illinois

$299,990 - $314,990

Cambridge Lakes North Ranch Townhomes

Pingree Grove, IL 60140

D.R. Horton

Search within Map
Static Map Image

Market Snapshot

New Homes in Chicago by Region

RegionCommunitiesAverage New Home Price
Downtown Chicago 5$2,788,000
North Chicago 2$455,000
Northwest Chicago 6$293,000
South Chicago 8$274,000
Southwest Chicago 30$422,000

New Home Cities in Chicago

CityCommunitiesAverage New Home Price
Plainfield8$546,640
South Elgin5$437,971
Elgin5$502,626
Aurora4$450,543
Huntley4$458,865
Oswego3$446,990
Naperville3$562,817
Lockport2$471,080
Yorkville2$409,842
Lemont2$531,906
Algonquin2$485,080
New Lenox2$483,990

Chicago features many of the best home builder communities in Illinois, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Chicago has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Chicago area. In fact, there are 19 communities and 8 builders in Chicago with homes starting at under $300K.

How to Find Homes in Chicago for Less than $300K?

Many builders recognize there is growing demand in the Chicago area for homes under the $300k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.