Apartments Under $500 in Chicago, IL

1 - 17 of 17 Results
21
$ Ask - 975
7620 N. Sheridan Rd. Chicago, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Rogers Park
2
$400
Chicago, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Lincoln Park
16
$ Ask - 3,770
77 Huron West Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
8
$ Ask - 2,295
Chicago, IL
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Dishwasher
19
$ Ask - 3,901
353 Desplaines St N Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
16
$ Ask - 1,280
2600 W. Montrose/4400-14 N. Rockwell St. Chicago, IL
1 BR | Available Now
Contact
Cat Friendly
Dishwasher
United Center
17
$ Ask - 2,530
182 Lake Street W Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
34
$ Ask - 5,934
345 E Wacker Dr Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
9
$ Ask - 1,360
5017 Wolcott Ave N Chicago, IL
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
Lincoln Square
$ Ask - 850
121 N Kostner Ave Chicago, IL
2 BR | Available Now
Contact
Garfield Park
17
$ Ask - 4,441
469 Huron Street West Chicago, IL
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
$121
6400 S Peoria Ave Chicago, IL
3 BR | Available Now
Contact
Air Conditioning
Englewood
1
$ Ask - 5,000
Chicago, IL
5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Dishwasher
$ Ask - 2,895
Chicago, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Storage
$ Ask - 1,995
Chicago, IL
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
Pool
$250
2517 W Fullerton Avenue Chicago, IL
1 BR | Ask for Availability
Contact
Cat Friendly
Income Restricted
Section 8
Air Conditioning
Logan Square
$ Ask - 1,995
Chicago, IL
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Lakeview
1 - 17 of 17 Results
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  3. Apartments Under $500

Apartments Under $500 in Chicago, IL: March Rental Information

Welcome to the March 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Chicago rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Chicago and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $500 in Chicago. Whether you're a student looking for an affordable rental near a university, a young professional on a budget, or someone simply in search of a great deal, this report will help you make informed decisions about your next home in Chicago.
0 52 105 157 210 <$900 $980 $1,140 $1,300 $1,460 $1,620 $1,780 $1,940 $2,100 $2,260 $2,420 $2,580 $2,740 $2,900 $3,060
This month, the typical cost to rent a one-bedroom apartment in Chicago stands at $1,870, with the majority falling between $950 and $3,100. Out of the 22,422 one-bedroom apartments currently on the market in Chicago, 24 are priced below $500, accounting for 0% of the total available one-bedroom units in Chicago.

Available Apartments Under $500: Chicago vs. Surrounding Areas

Chicago, IL
96
According to the chart above, as of March 2024, there are a total of 117 available apartments for rent under $500 in the Chicago, IL metro area. This includes the cities of Glen Ellyn, Glencoe, Bellwood, Glendale Heights, Glenview, Glenwood, Schaumburg, Bensenville, Schiller Park, Berkeley, East Hazel Crest, Niles, Berwyn, Justice, Chicago Heights, Chicago Ridge, Clarendon Hills, Bloomingdale, North Riverside, Northbrook, Vernon Hills, Blue Island, Prospect Heights, Elk Grove Village, Northlake, Matteson, Kildeer, Oak Brook, Oak Forest, Bolingbrook, Villa Park, Oak Lawn, Maywood, Oak Park, Oakbrook Terrace, Elmhurst, Skokie, Elmwood Park, La Grange, La Grange Park, Addison, Melrose Park, Hanover Park, Lake Bluff, Lake Forest, Warrenville, Brookfield, Evanston, Evergreen Park, River Forest, Harvey, Riverside, Harwood Heights, Riverwoods, Orland Hills, Orland Park, Lemont, West Chicago, Buffalo Grove, Arlington Heights, Palatine, Westchester, Highland Park, Stickney, Rolling Meadows, Burr Ridge, Romeoville, Palos Heights, Westmont, Flossmoor, Hillside, Palos Hills, Palos Park, Darien, Hinsdale, Lincolnshire, Lincolnwood, Wheaton, Forest Park, Wheeling, Hoffman Estates, Roselle, Streamwood, Lisle, Morton Grove, Park Forest, Homer Glen, Park Ridge, Homewood, Deerfield, Lockport, Mount Prospect, Willowbrook, Wilmette, Lombard, Des Plaines, Long Grove, Winfield, Winnetka, Carol Stream, Dolton, Bartlett, Naperville, Woodridge, Downers Grove, Worth, Tinley Park, Itasca, Hammond, Whiting, Dyer, East Chicago, Munster, Schererville, Griffith, Hazel Crest, Hodgkins, Highland, Alsip, Midlothian, Calumet City, Englewood, Rosemont, Sauk Village, Summit, Indianapolis, Burbank, Riverdale, Cicero, Lansing, Highwood, and Calumet Park. Prospective renters looking for affordable options in the area will find a variety of choices within this budget range. Be sure to check Rentable's listings regularly for the latest updates on available apartments in this price range.

Apartments Under $500 Now vs. Last Month: Chicago and Surrounding Areas

City Apartments Under $500 in March M/M % Change
Chicago, IL 96 +0.98%
Park Ridge, IL 2 +0.96%
Hammond, IN 2 +1.04%
Oak Park, IL 2 +1.0%
Elmwood Park, IL 2 +1.0%
Naperville, IL 2 +1.0%
Melrose Park, IL 1 +0.5%
Bensenville, IL 1 +1.0%
Northbrook, IL 1 +1.0%
Oakbrook Terrace, IL 1 +1.0%

Looking for Apartments Under $500 in Chicago?

Available apartments under $500 3,568
Top amenities Dishwasher, On Site Laundry, Refrigerator, Range / Oven, Microwave
Deals 10
Pet friendly 110
Utilities included 30
Furnished 13
Studio 73
1 Bedroom 47
2 Bedroom 42

Where are Chicago Apartments Under $500?

Top Neighborhoods Hyde park, Kenwood, Lincoln park, River north, The loop
Hyde Park 62
Kenwood 12
Lincoln Park 8
River North 6
The Loop 6