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Apartments for Rent in Chicago, IL under $500 – 8 Rentals available

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Chicago, IL Demographics

  • Total Population2,722,586
  • Female 1,321,621
    Male 1,400,965
  • Median Age34.1

Average Rent in Chicago, IL

  • Chicago, IL Average Rental Price, April 2019$1,893/mo

Chicago, IL Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00012%
  • $1,001-$1,50024%
  • $1,501-$2,00025%
  • > $2,00036%

Chicago, IL Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Apr / 2019
Chicago, IL $1,714 $1,768 $1,756 $1,753 $1,821 $1,795 $1,806 $1,808 $1,893
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 606016060260603606046060560606606076060860609606106061160612606136061460615606166061760618606196062060621606226062360624606256062660628606296063060631606326063360634606366063760638606396064060641606426064360644606456064660647606496065160652606536065460655606566065760659606606066160706

Check out the average rent prices in Chicago by neighborhood.

Chicago, IL Households

  • Total Number of Households1,046,789
  • Family 564,210
    Non-family 482,579
  • Children 286,783
    No Children 760,006
  • Average People Per Household2.54
  • Median Household Income$52,497
  • Median Housing Costs Per Month$1,168

Chicago, IL Education Statistics

  • No High School7%
  • Some High School32%
  • Some College20%
  • Associate Degree5%
  • Bachelor Degree22%
  • Graduate Degree13%