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Apartments for Rent in Chicago, IL under $300

8 Rentals Available
  • a leather chair in a living room next to a window
    111
    Today

    1948-54 W. Berteau Ave. & 4201-03 N. Damen Ave., Chicago, IL 60618
    1 BED Ask for Pricing
  • a kitchen with wooden cabinets and stainless steel appliances
    129
    Today

    5713-15 N. Kenmore Ave., Chicago, IL 60660
    2 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    254
    Today

    3622 N. Marshfield Ave., Chicago, IL 60613
    1 BED Ask for Pricing
  • an aerial view of a red brick building on a street
    148
    Today

    2237-2239 E 81St St, Chicago, IL 60617
    STUDIO $300
  • A large, old building with a red gate in front.
    6
    Today

    1233 N. Hoyne Ave., Chicago, IL 60622
    4 BEDS $225+
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  • A logo for Green Street Property Management.
    29
    Today

    1722 W Hastings, CHICAGO, IL 60608
    STUDIO $200
6-0-city
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Getting around in Chicago, IL

86 /100
Very Walkable
65 /100
Good Transit
64 /100
Bikeable
Walk Score®: 86, Transit Score®: 65, Bike Score®: 64

Frequently asked questions

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

Prices and availability in Chicago, IL were last updated on 22 Nov 2025.

What are the best apartments in Chicago, IL?

The best apartments in Chicago, IL are: The Montrose, Presidential Towers, North Harbor Tower, Shoreham and Tides 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. 26% of Chicago’s apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 6% are single-family rentals.

Search for apartments in Chicago, IL under $500

There’s more than one way to spend $500 on rent in Chicago, IL, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

The perfect $500 rental near you

Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Chicago, IL. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 7 apartments for rent below $500 in Chicago, IL for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!