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Apartments for Rent in Illinois under $500 – 66 Rentals available

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Illinois Demographics

  • Total Population12,823,102
  • Female 6,296,686
    Male 6,526,416
  • Median Age42

Average Rent in Illinois

  • Illinois Average Rental Price, January 2021 $1,530 /mo

Illinois Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00015%
  • $1,001-$1,50044%
  • $1,501-$2,00023%
  • > $2,00016%

Illinois Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Jan / 2021
Illinois $1,466 $1,469 $1,524 $1,534 $1,587 $1,578 $1,576 $1,569 $1,530
National $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Illinois Households

  • Total Number of Households4,830,714
  • Family 3,117,823
    Non-family 1,712,891
  • Children 1,496,013
    No Children 3,334,701
  • Average People Per Household2.5
  • Median Household Income$58,252
  • Median Housing Costs Per Month$772

Illinois Education Statistics

  • No High School5%
  • Some High School37%
  • Some College28%
  • Associate Degree9%
  • Bachelor Degree22%

Renting apartments in Illinois under $500

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RENTCafé offers you 66 apartments for rent in Illinois from 24 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $500, and make the most out of your budget.

Finding the best rental near you

Illinois is an amazing place to call home, with several rentals under $500 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $125 in Illinois, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RENTCafé.

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