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Apartments for Rent in Chicago, IL under $500
92 Rentals Available

  • Today

    1948-54 W. Berteau Ave. & 4201-03 N. Damen Ave., Chicago, IL 60618
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    1009-11 N. Rockwell St., Chicago, IL 60622
    3 BEDS Ask for Pricing
  • Today

    5713-15 N. Kenmore Ave., Chicago, IL 60660
    2 BEDS Ask for Pricing
  • Today

    3622 N. Marshfield Ave., Chicago, IL 60613
    1 BED Ask for Pricing
  • Today

    1727-29 N. Halsted St., Chicago, IL 60614
    2 BEDS Ask for Pricing
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  • 1 day ago

    2247 W Giddings, Chicago, IL 60625
    Studio $75
  • Today

    1206-10 W 83Rd, Chicago, IL 60620
    Studio Ask for Pricing
    2 BEDS $500
    3 BEDS Ask for Pricing
  • Today

    409 N. Milwaukee Ave., Chicago, IL 60654
    2 BEDS Ask for Pricing
  • Today

    6912 N Wayne Ave, Chicago, IL 60626
    2 BEDS Ask for Pricing
  • Today

    2617 N. Magnolia Ave., Chicago, IL 60614
    Studio Ask for Pricing
  • 1 day ago

    7249 S Blackstone, Chicago, IL 60619
    Studio Ask for Pricing
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  • Today

    5756-58 S. Kenwood Ave., Chicago, IL 60637
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    2522-24 W. Superior St., Chicago, IL 60612
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    5124 S University Ave, Chicago, IL 60615
    2 BEDS Ask for Pricing
    5 BEDS Ask for Pricing
  • Today

    2855 - 2857 W. Belmont Ave., Chicago, IL 60618
    Studio Ask for Pricing
  • Today

    3926-60 N Avondale Ave, Chicago, IL 60641
    1 BED Ask for Pricing
  • Today

    1380 E. Hyde Park Blvd., Chicago, IL 60615
    2 BEDS Ask for Pricing
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  • Today

    68 East Cedar St, Chicago, IL 60611
    Studio Ask for Pricing
  • Today

    6939 S Dorchester Ave Unit 1S, Chicago, IL 60637
    2 BEDS Ask for Pricing
  • 1 day ago

    1535 N Wells, Chicago, IL 60610
    Studio Ask for Pricing
    1 BED Ask for Pricing
  • Today

    239-43 E 108Th, Chicago, IL 60628
    Studio Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    3340-42 N. Marshfield Ave., Chicago, IL 60657
    2 BEDS Ask for Pricing
  • Today

    2834 N. Southport Ave., Chicago, IL 60657
    1 BED Ask for Pricing
  • Today

    2151 W. Concord Pl., Chicago, IL 60647
    2 BEDS Ask for Pricing
  • Today

    6932-34 S Jeffery Blvd, Chicago, IL 60649
    3 BEDS Ask for Pricing
63-0-city

Popular searches Average rent Renters guide Demographics

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 Jul 2024.

What are the best apartments in Chicago, IL?

The best apartments in Chicago, IL are: 7251 at Waters Edge Apartment Homes, Presidential Towers, River North Park Apartments, The Montrose and The Elle Apartments.

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 25% of Chicago’s rentals, 68% are small-scale complexes with under 50 units, and 7% are single-family rentals.

Your search for apartments in Chicago, IL under $500 stops here

Finding apartments for rent in Chicago, IL for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 92 available units in Chicago, IL, renting for under $500. On average, $75 can get you 919 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

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