Apartments for Rent in Chicago, IL under $700
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Only 1 unit leftStudio $300Base rent4.5 (1)2237-2239 E 81St St, Chicago, IL 60617Apply online • Hardwood Floors
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Only 3 units leftStudio $575Base rent5151 N Harlem Ave, Chicago, IL 60656Apply online • Pet friendly
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Only 2 units leftStudio $650Base rent Income restricted4.0 (9)6800 S. Normal Avenue, Chicago, IL 60621Apply online
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Only 1 unit left1 bd $650Base rent5801 N Richmond, Chicago, IL 60659Apply online • Pet friendly
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Only 2 units leftStudio $563+Base rent Income restricted3.5 (3)1527 N. Wicker Park Avenue, Chicago, IL 60622Pet friendly • Fitness center • In unit laundry
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4 units availableAsk for PricingIncome restricted4.0 (6)15 E 112Th Pl, Chicago, IL 60628Apply online • In unit laundry • Air conditioner
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Ask for PricingIncome restricted6221 S. Vernon Avenue, Chicago, IL 60637Apply online • Pet friendly • In unit laundry
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Ask for pricing739 N Ada St, Chicago, IL 60642Cat friendly • Dishwasher • Patio/Balcony
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Rent specialsAsk for pricing3.5 (3)2020 N. Bissell St., Chicago, IL 60614Pet friendly • In unit laundry • Dishwasher
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Rent specialsAsk for pricing1727-29 N. Halsted St., Chicago, IL 60614Dishwasher • Air conditioner • Washer/Dryer
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Ask for pricing5257 W Nelson Avenue, Chicago, IL 60641Cat friendly
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Studio $200Base rent5.0 (1)1722 W Hastings, CHICAGO, IL 60608Pet friendly
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Ask for pricingIncome restricted8920 S. Loomis, Chicago, IL 60020Pet friendly
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4 bd $225+Base rent1233 N. Hoyne Ave., Chicago, IL 60622Cat friendly
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1 bd $600Base rent3.5 (1)2659 West 22Nd Pl, CHICAGO, IL 60608Air conditioner • Washer/Dryer
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Studio $350Base rent1843 W Cullerton, CHICAGO, IL 60608Pet friendly
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Studio $450+Base rent5.0 (1)5259 W Montrose, Chicago, IL 60641Pet friendly
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Studio $140Base rent8244 - 8246 S Vernon, Chicago, IL 60619Pet friendly
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Studio $460+Base rent4.0 (3)7752-7760 N Eastlake Terrace, Chicago, IL 60626Pet friendly
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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 22 Jun 2026.
What are the best apartments in Chicago, IL?
The best apartments in Chicago, IL are: Shoreham and Tides, The Montrose, North Harbor Tower, Presidential Towers and The Elle Apartments.
What type of rental buildings are in Chicago, IL?
In Chicago 54% of the housing is rented out compared to 46% of homes are owned, according to the most recent Census Bureau estimates. 27% of Chicago's apartments are found in large buildings of 50 units or more, 66% are located in smaller apartment complexes with less than 50 units, and 6% are single-family rentals.
Apartments in Chicago, IL under $700
Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 26 apartments for rent in Chicago, IL on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.
Rentals near you under $700
Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Chicago, IL is 914 Sqft, but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.