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New Construction Homes Under $300K in Chicago, IL

19 Homes

From $291,990

3 Br | 1.5 Ba | 2 Gr | 1,406 sq ft Hot Deal

Harrison | South Elgin, IL

M/I Homes

Under Construction

From $284,900

3 Br | 2 Ba | 2 Gr | 1,435 sq ft

493 S Hampstead St. Cortland, IL 60112

Finney Homes LLC

From $299,990

2 Br | 2 Ba | 2 Gr | 1,457 sq ft Hot Deal

Kirkwood | Marengo, IL

M/I Homes

Move-In Ready

From $279,900

3 Br | 2 Ba | 2 Gr | 1,435 sq ft

464 S Hahn Dr Cortland Il 60112. Cortland, IL 60112

Finney Homes LLC

From $234,900

3 Br | 2 Ba | 2 Gr | 1,387 sq ft

81 W Pawpaw Ave. Cortland, IL 60112

Silverthorne Homes

Under Construction

From $249,990

2 Br | 2.5 Ba | 2 Gr | 1,579 sq ft

2121 C Sassafras Way. Wonder Lake, IL 60097

D.R. Horton

From $233,900

4 Br | 2.5 Ba | 2 Gr | 2,400 sq ft

16040 Manhattan Rd. Manhattan, IL 60442

McDonnell Development Company

From $50,000

4 Br | 3.5 Ba | 3 Gr | 2,993 sq ft

Elburn, IL 60119

Shodeen Homes

Under Construction

From $279,990

2 Br | 2.5 Ba | 2 Gr | 1,579 sq ft

1129 Briar Glen Court. Hampshire, IL 60140

D.R. Horton

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,730 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

Under Construction

From $289,990

3 Br | 2.5 Ba | 2 Gr | 1,601 sq ft

320 Monte Carlo Way. Joliet, IL 60436

D.R. Horton

Under Construction

From $294,990

3 Br | 2.5 Ba | 2 Gr | 1,601 sq ft

327 Monte Carlo Way. Joliet, IL 60436

D.R. Horton

Under Construction

From $279,990

3 Br | 2 Ba | 2 Gr | 1,756 sq ft

806 Briar Glen Court. Hampshire, IL 60140

D.R. Horton

From $255,990

2 Br | 2 Ba | 2 Gr | 1,375 sq ft

6438 Maple Glen Dr. Wonder Lake, IL 60097

D.R. Horton

From $291,400

4 Br | 3 Ba | 3 Gr | 2,000 sq ft

1008 Joshua Ln. Genoa, IL 60135

Silverthorne Homes

From $250,990

2 Br | 2 Ba | 2 Gr | 1,332 sq ft

6438 Maple Glen Dr. Wonder Lake, IL 60097

D.R. Horton

From $50,000

4 Br | 3.5 Ba | 3 Gr | 2,993 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,625 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Elburn, IL 60119

Shodeen Homes

Under Construction

From $249,990

2 Br | 2.5 Ba | 2 Gr | 1,579 sq ft

6740 Linden Trail Unit C. Wonder Lake, IL 60097

D.R. Horton

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

Under Construction

From $299,990

3 Br | 2 Ba | 2 Gr | 1,756 sq ft

1133 Briar Glen Court. Hampshire, IL 60140

D.R. Horton

From $299,000

3 Br | 2 Ba | 1,400 sq ft

Frankfort, IL 60423

Putman Builders

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,625 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 1,593 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $295,900

4 Br | 2.5 Ba | 2 Gr | 2,700 sq ft

16040 Manhattan Rd. Manhattan, IL 60442

McDonnell Development Company

From $269,000

4 Br | 2.5 Ba | 3 Gr | 2,100 sq ft

16040 Manhattan Rd. Manhattan, IL 60442

McDonnell Development Company

Under Construction

From $274,990

3 Br | 2 Ba | 2 Gr | 1,756 sq ft

802 Briar Glen Court. Hampshire, IL 60140

D.R. Horton

Under Construction

From $284,990

3 Br | 2.5 Ba | 2 Gr | 1,758 sq ft

2031 E Sassafras Way. Wonder Lake, IL 60097

D.R. Horton

Under Construction

From $289,990

2 Br | 2 Ba | 2 Gr | 1,375 sq ft

6308 Juniper Drive. Wonder Lake, IL 60097

D.R. Horton

From $280,000

3 Br | 2.5 Ba | 3 Gr | 1,820 sq ft

1008 Joshua Ln. Genoa, IL 60135

Silverthorne Homes

From $277,900

4 Br | 2.5 Ba | 2 Gr | 2,300 sq ft

16040 Manhattan Rd. Manhattan, IL 60442

McDonnell Development Company

From $50,000

3 Br | 2.5 Ba | 2 Gr | 1,593 sq ft

Elburn, IL 60119

Shodeen Homes

Under Construction

From $299,990

3 Br | 2 Ba | 2 Gr | 1,756 sq ft

1127 Briar Glen Court. Hampshire, IL 60140

D.R. Horton

Under Construction

From $271,990

2 Br | 2 Ba | 2 Gr | 1,332 sq ft

6314 Juniper Drive. Wonder Lake, IL 60097

D.R. Horton

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

Under Construction

From $284,990

3 Br | 2.5 Ba | 2 Gr | 1,601 sq ft

323 Monte Carlo Way. Joliet, IL 60436

D.R. Horton

From $282,000

4 Br | 3 Ba | 2 Gr | 2,058 sq ft

1008 Joshua Ln. Genoa, IL 60135

Silverthorne Homes

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Market Snapshot

New Homes in Chicago by Region

RegionHomesAverage New Home Price
Downtown Chicago 36$2,788,000
North Chicago 11$455,000
Northwest Chicago 53$293,000
South Chicago 47$274,000
Southwest Chicago 199$422,000

Top New Home Cities in Chicago

CityHomesAverage New Home Price
South Elgin68$437,971
Plainfield67$546,640
Aurora57$450,543
Huntley48$458,865
Oswego38$446,990
Elgin36$502,626
Naperville29$562,817
Yorkville22$409,842
New Lenox21$483,990
Crystal Lake21$491,762
Marengo18$345,590
Lockport17$471,080

Chicago features many of the best homes builders and new construction homes 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 is still possible to design and build an affordable home in the Chicago area. In fact, there are 148 new homes for sale in Chicago with a good selection of cheaper 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.