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Apartments for Rent in Chicago, IL under $700 – 168 Rentals available

  • Apartment
    4114 W Washington Blvd, Chicago, IL 60624
    $655 - $700
    • Studio-1 Bed
    • 1 Bath
    Available Today!
    (888) 856-3125
  • Apartment
    5836-46 W Madison St, Chicago, IL, 60644, Chicago, IL 60644
    $690 - $890
    • Studio-1 Bed
    • 1 Bath
    Available Today!
    (888) 856-3125
  • Apartment
    1734 E 72Nd St, Chicago, IL 60649
    $620 - $905
    • Studio-3 Beds
    • 1 Bath
    Available Today!
    (888) 856-3125
  • Apartment
    1334 E. Hyde Park Blvd., Chicago, IL 60615
    See current rent specials
    $700 - $2,600
    • 1-3 Beds
    • 1-2 Baths
    Pioneer Acquisitions
    Available Today!
    (773) 917-8445
  • Apartment
    8000 S Paulina, Chicago, IL 60620
    $695 - $805
    • Studio-2 Beds
    • 1 Bath
    Available Today!
    (888) 856-3125
  • Apartment
    741-53 E 79Th St, Chicago, IL 60619
    $565 - $620
    • Studio-1 Bed
    • 1 Bath
    Available Today!
    (888) 856-3125
  • Apartment
    5125 W Madison St, Chicago, IL 60644
    $685 - $805
    • Studio-1 Bed
    • 1 Bath
    Available Today!
    (888) 856-3125
  • Apartment
    8001-09 S Ellis Ave, Chicago, IL 60619
    $590
    • Studio-1 Bed
    • 1 Bath
    Available Today!
    (888) 856-3125
  • Apartment
    8152 S Evans, Chicago, IL, 60619, Chicago, IL 60619
    $655 - $685
    • Studio-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    8159 S Drexel Ave, Chicago, IL 60619
    $665
    • 1-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    7903 S Luella Ave, Chicago, IL 60617
    $650
    • Studio-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    6306 S Fairfield Ave, Chicago, IL 60629
    $695
    • 1 Bed
    • 1 Bath
    (888) 856-3125
  • Apartment
    8253-59 S Ingleside Ave, Chicago, IL 60619
    $675 - $745
    • 1-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    5130 S Dr Martin Luther King Jr Dr, Chicago, IL 60615
    $630 - $1,370
    • Studio-4 Beds
    • 1-1.5 Baths
    (888) 856-3125
  • Apartment
    8222-32 S Ingleside Ave, Chicago, IL 60619
    $675 - $680
    • 1-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    2045 E 75Th St, Chicago, IL 60649
    $680
    • 1 Bed
    • 1 Bath
    (888) 856-3125
  • Apartment
    7003 S Harper, Chicago, IL 60637
    $565
    • Studio-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    7358 S Blackstone Ave, Chicago, IL 60619
    $605
    • Studio-4 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    3600 W Franklin Blvd, Chicago, IL 60624
    $665 - $920
    • 1-3 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    8640 S Ingleside Ave, Chicago, IL 60619
    $640
    • Studio-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    8256 S Loomis Blvd, Chicago, IL 60620
    $675 - $690
    • Studio-1 Bed
    • 1 Bath
    (888) 856-3125
  • Apartment
    8100 S Drexel Ave, Chicago, IL 60619
    $660
    • Studio-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    7925 S Phillips, Chicago, IL 60617
    $545 - $700
    • Studio-1 Bed
    • 1 Bath
    (888) 856-3125
  • Apartment
    7917-27 S Drexel Ave, Chicago, IL, 60619, Chicago, IL 60619
    $600 - $695
    • 1-2 Beds
    • 1 Bath
    (888) 856-3125
  • Apartment
    8345-49 S Drexel Ave, Chicago, IL 60619
    $655
    • 1-2 Beds
    • 1 Bath
    (888) 856-3125

Popular Searches

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
/

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%

Apartments in Chicago, IL under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 201 apartments for rent in Chicago, IL on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $700

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Chicago, IL is 568 Sqft, but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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