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4114 W Washington Blvd, Chicago, IL 60624$655 - $700
- Studio-1 Bed
- 1 Bath
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5836-46 W Madison St, Chicago, IL, 60644, Chicago, IL 60644$690 - $890
- Studio-1 Bed
- 1 Bath
Available Today! -
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1334 E. Hyde Park Blvd., Chicago, IL 60615See current rent specials$700 - $2,600
- 1-3 Beds
- 1-2 Baths
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741-53 E 79Th St, Chicago, IL 60619$565 - $620
- Studio-1 Bed
- 1 Bath
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5125 W Madison St, Chicago, IL 60644$685 - $805
- Studio-1 Bed
- 1 Bath
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8001-09 S Ellis Ave, Chicago, IL 60619$590
- Studio-1 Bed
- 1 Bath
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5130 S Dr Martin Luther King Jr Dr, Chicago, IL 60615$630 - $1,370
- Studio-4 Beds
- 1-1.5 Baths
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Apartment7925 S Phillips, Chicago, IL 60617$545 - $700
- Studio-1 Bed
- 1 Bath
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Apartment7917-27 S Drexel Ave, Chicago, IL, 60619, Chicago, IL 60619$600 - $695
- 1-2 Beds
- 1 Bath
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Chicago, IL Demographics
- Total Population2,722,586
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Female 1,321,621Male 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
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Family 564,210Non-family 482,579
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Children 286,783No 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.