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

  • Today

    2656-58 W. Iowa St., Chicago, IL 60622
    1 BED Ask for pricing
    2 BEDS Ask for pricing
  • Today

    2020 N. Bissell St., Chicago, IL 60614
    2 BEDS Ask for pricing
    3 BEDS Ask for pricing
  • Today

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

    1334 N. Cleaver St., Chicago, IL 60642
    2 BEDS Ask for pricing
  • 1 day ago

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

    3622 N. Marshfield Ave., Chicago, IL 60613
    1 BED Ask for pricing
  • 1 day ago

    6221 N Artesian, Chicago, IL 60659
    Studio Ask for pricing
  • 1 day ago

    2357-8 W School St, Chicago, IL 60618
    2 BEDS Ask for pricing
  • 1 day ago

    1433-45 W. Lunt Ave., Chicago, IL 60626
    Studio Ask for pricing
  • Today

    2645-47 N. Fairfield Ave., Chicago, IL 60647
    3 BEDS Ask for pricing
  • Today

    2151 W. Concord Pl., Chicago, IL 60647
    2 BEDS Ask for pricing
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  • 1 day ago

    1841 N Hermitage Ave, Chicago, IL 60622
    1 BED Ask for pricing
  • 1 day ago

    6832-34 S East End Ave, Chicago, IL 60649
    3 BEDS Ask for pricing
  • Today

    5552-60 N. Lakewood Ave., Chicago, IL 60640
    2 BEDS Ask for pricing
  • Today

    3228 N. Hamlin Ave., Chicago, IL 60618
    1 BED Ask for pricing
  • 1 day ago

    1870 N Winnebago, Chicago, IL 60647
    2 BEDS Ask for pricing
    3 BEDS Ask for pricing
  • Today

    1401-03 N. Wicker Park Ave., Chicago, IL 60622
    Studio Ask for pricing
  • 1 day ago

    6932-34 S Jeffery Blvd, Chicago, IL 60649
    3 BEDS Ask for pricing
  • Today

    1720 N. Hudson Ave., Chicago, IL 60614
    2 BEDS Ask for pricing
  • 1 day ago

    1620 N Marshfield, Chicago, IL 60622
    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
  • 1 day ago

    1635 W Cortland St., Chicago, IL 60622
    2 BEDS Ask for pricing
    3 BEDS Ask for pricing
  • 1 day ago

    1835 N Paulina St, Chicago, IL 60622
    2 BEDS Ask for pricing
  • 1 day ago

    5102 Montana, Chicago, IL 60639
    Studio Ask for pricing
  • Today

    2618-26 N. Rockwell, Chicago, IL 60647
    3 BEDS Ask for pricing
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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 21 Sep 2023.

What are the best apartments in Chicago, IL?

The best apartments in Chicago, IL are: 7251 at Waters Edge Apartment Homes, Inspire West Town, Shoreham and Tides, 2919 N. Whipple St. and 1620 N Marshfield.

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. 25% of Chicago’s apartments are found in large buildings of 50 units or more, 68% are located in smaller apartment complexes with less than 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 132 available units in Chicago, IL, renting for under $500. On average, can get you 723 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!