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Apartments for Rent in Chicago, IL under $500

Apartments for Rent in Chicago, IL under $500. 10 Rentals Available
10 Rentals Available
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  • Only 1 unit left
    Studio $300
    Base rent
    Verified Listing

    4.5 (1)
    2237-2239 E 81St St, Chicago, IL 60617
    Apply online
  • Studio $200
    Base rent
    Verified Listing

    5.0 (1)
    1722 W Hastings, CHICAGO, IL 60608
    Pet friendly
  • Ask for pricing
    Verified Listing

    4.0 (5)
    1947 N. Cleveland Ave., Chicago, IL 60614
    Cat friendly
  • 4 bd $225+
    Base rent
    Verified Listing

    1233 N. Hoyne Ave., Chicago, IL 60622
    Cat friendly
  • Only 2 units left
    Studio $500+
    Base rent Income restricted
    Verified Listing

    4.0 (9)
    6800 S. Normal Avenue, Chicago, IL 60621
    Apply online
  • 4 units available
    Ask for Pricing
    Income restricted
    Verified Listing

    4.0 (6)
    15 E 112Th Pl, Chicago, IL 60628
    Apply online
6-0-city
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Frequently asked questions

When were prices and availability in Chicago, IL last updated?

Prices and availability in Chicago, IL were last updated on 13 May 2026.

What are the best apartments in Chicago, IL?
What type of rental buildings are in Chicago, IL?

In Chicago, 54% of the residents are renting compared to 46% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 26% of Chicago's rentals, 67% are small-scale complexes with under 50 units, and 6% are single-family rentals.