Apartments for Rent in Illinois under $500
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Studio $465Base rent4.0 (8)600 W Mill St, Carbondale, IL 62901Apply online • Pet friendly • In unit laundry
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Studio $460Base rent4.0 (19)405 E College St, Carbondale, IL 62901Apply online • Pet friendly • In unit laundry
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Studio $450Base rent4.0 (8)820 W Freeman St, Carbondale, IL 62901Apply online • Pet friendly • Fitness center
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1 bd $421+Base rent4.5 (10)1035 SOUTH MAIN ST, DECATUR, IL 62521Apply online • Pet friendly • Fitness center
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Only 1 unit leftStudio $300Base rent4.5 (1)2237-2239 E 81St St, Chicago, IL 60617Apply online • Hardwood Floors -
4 bd $440Base rent710 S. Illinois Ave, Carbondale, IL 62901Fitness center • Washer/Dryer • Hardwood Floors
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2 bd $267+3 bd $296+Base rent4.5 (4)2225 North 12Th Street, Quincy, IL 62305Pet friendly • Fitness center • Pool
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5 units availableStudio $500Base rent221 W. Alexander Street, Chicago, IL 60616Apply online • Pet friendly -
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Only 3 units leftStudio $100Base rent244 W. Alexander Street, Chicago, IL 60616Apply online • Pet friendly -
1 bd $389+2 bd $454+Base rent Income restricted2617 J T Coffman Drive #100, Champaign, IL 61822Apply online • Pet friendly -
Ask for PricingIncome restricted4.0 (6)15 E 112Th Pl, Chicago, IL 60628Apply online • In unit laundry • Air conditioner
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Ask for pricing3.5 (2)2656-58 W. Iowa St., Chicago, IL 60622Pet friendly • Parking • Dishwasher
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Ask for pricing739 N Ada St, Chicago, IL 60642Cat friendly • Dishwasher • Patio/Balcony
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Ask for pricing3.5 (3)2020 N. Bissell St., Chicago, IL 60614Pet friendly • In unit laundry • Dishwasher
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Ask for pricing1727-29 N. Halsted St., Chicago, IL 60614Dishwasher • Air conditioner • Washer/Dryer
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Studio $75Base rent5.0 (7)822-26 Wesley, Evanston, IL 60202Pet friendly
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Studio $200Base rent5.0 (1)1722 W Hastings, CHICAGO, IL 60608Pet friendly -
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Studio $159+2 bd $162+3 bd $242+Base rent17745 ROSEWOOD DRIVE, Lansing, IL 60438 -
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Studio $16Base rent301 W Beaufort St, Normal, IL 61761Pet friendly -
Ask for pricingIncome restricted278 E. St. Charles Road, Carol Stream, IL 60188
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4 bd $225+Base rent1233 N. Hoyne Ave., Chicago, IL 60622Cat friendly -
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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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Frequently asked questions
When were prices and availability in Illinois last updated?
Prices and availability in Illinois were last updated on 4 Jul 2026.
What are the best apartments in Illinois?
The best apartments in Illinois are: Matteson Blu, Shoreham and Tides, HIGHPOINT Barrington, Enclave Crystal Lake Townhomes and Apartments and Bristol Station.
What type of rental buildings are in Illinois?
In Illinois 33% of the housing is rented out compared to 67% of homes are owned, according to the most recent Census Bureau estimates. 17% of Illinois's apartments are found in large buildings of 50 units or more, 61% are located in smaller apartment complexes with less than 50 units, and 20% are single-family rentals.
Search for apartments in Illinois under $500
There’s more than one way to spend $500 on rent in Illinois, 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 Illinois. 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 29 apartments for rent below $500 in Illinois for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.