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2852 North Lawndale Avenue
(833) 420-2213
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3020 North Sawyer Avenue
(833) 420-2213
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1012 W Cullerton St
(574) 633-9897
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1841 N Mozart St
(574) 622-8517
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Gorgeous Pilsen apartment near Pink Line
(707) 343-4870
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Private Bedroom in Beautiful Pilsen Apartment by Pink Line
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6618 S Wabash Ave
(312) 210-8930
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1734 E 72nd St
(312) 210-8930
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808 W 76th St
(312) 210-8930
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7941 S Marquette
(312) 210-8930
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542 N Pine Ave
(773) 745-8153
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Catalyst Apartments
(844) 329-5147
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3806 W Irving Park
(773) 993-1982
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5445 S Ingleside Ave
(773) 850-3916
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Coast At Lakeshore East
(844) 308-9563
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Times Square
(833) 830-4915
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Lake Meadows Apartments
(833) 620-0698
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West77
(312) 280-7561
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Echelon Chicago
(312) 441-0500
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Rockwell Manor
(877) 673-2575
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3943-45 W 26Th St
(312) 593-1677
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2 E. Oak St.
(312) 720-3404
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Emerald Towers
(312) 736-0707
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2251 S Michigan Ave
(773) 993-1982
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Sheridan Tower
(833) 240-7600
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1405-07 W. Belden / 2258 N. Southport
(773) 906-8190
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1527 North Wicker Park Avenue, Unit 212
(701) 572-6246
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156-158 N Central Ave
(773) 561-3585
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2231 W 21St Pl
(312) 624-9766
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Century Tower
(833) 271-6211
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Apartments Under $700 in Chicago, IL

1 of 54 Results
60
$700
PER
ROOM
2852 North Lawndale Avenue
Chicago, IL
3 BR | Available Now
Contact
Furnished
Avondale
48
$700
PER
ROOM
3020 North Sawyer Avenue
Chicago, IL
4 BR | Available Now
Contact
Furnished
Avondale
44
$675 - 700
PER
ROOM
1012 W Cullerton St
Chicago, IL
3 BR | Available Now
Contact
Furnished
Lower West Side
40
$650 - 675
PER
ROOM
1841 N Mozart St
Chicago, IL
3 BR | Available Now
Contact
Furnished
Logan Square
17
3D Tour
$695
PER
ROOM
Gorgeous Pilsen apartment near Pink Line
Deal
2135 W 19Th St Chicago, IL
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
In Unit Laundry
5
3D Tour
$625 - 695
PER
ROOM
Private Bedroom in Beautiful Pilsen Apartment by Pink Line
Deal
1903 S Blue Island Ave Chicago, IL
1 BR | Available Now
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Heat Included
In Unit Laundry
Lower West Side
9
$700
6618 S Wabash Ave
6618 S Wabash Ave Chicago, IL
Studio | Available Now
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Grand Crossing
11
$695
1734 E 72nd St
1734 E 72Nd St Chicago, IL
Studio | Available Now
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Dog Friendly
Cat Friendly
South Shore
7
$690
808 W 76th St
808 W 76Th St Chicago, IL
Studio | Available Now
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Auburn Gresham
9
$665
7941 S Marquette
7941 S Marquette Chicago, IL
Studio | Available Now
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South Chicago
18
$700
542 N Pine Ave
Chicago, IL
Studio | Available Now
Contact
Cat Friendly
Balcony, Deck, Patio
Disability Access
Dishwasher
Austin
32
$ Ask - 2,883
Catalyst Apartments
123 North Des Plaines Street Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
11
$650
3806 W Irving Park
Chicago, IL
Studio | Available Now
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Heat Included
Cat Friendly
Irving Park
13
$686
5445 S Ingleside Ave
Chicago, IL
Studio | Available Now
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Heat Included
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Storage
34
$ Ask - 5,934
Coast At Lakeshore East
345 E Wacker Dr Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
9
$ Ask - 1,329
Times Square
869 W. Buena Ave. Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
19
$ Ask - 1,558
Lake Meadows Apartments
500 East 33rd Street Chicago, IL
1 BR | Mar. 31, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Storage
16
$ Ask - 3,770
West77
77 Huron West Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
19
$ Ask - 3,901
Echelon Chicago
353 Desplaines St N Chicago, IL
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
16
$ Ask - 1,280
Rockwell Manor
2600 W. Montrose/4400-14 N. Rockwell St. Chicago, IL
1 BR | Available Now
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Cat Friendly
Dishwasher
United Center
6
$695
3943-45 W 26Th St
Chicago, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
8
$ Ask - 2,295
2 E. Oak St.
Chicago, IL
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
Dishwasher
6
$570 - 700
Emerald Towers
4541 Sheridan Rd N Chicago, IL
Studio | Available Now
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Dishwasher
Uptown
7
$400
2251 S Michigan Ave
Chicago, IL
Studio | Available Now
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Cat Friendly
Air Conditioning
Disability Access
Near South Side
13
$ Ask - 1,379
Sheridan Tower
5650 N Sheridan Rd Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony, Deck, Patio
31
$235
1405-07 W. Belden / 2258 N. Southport
1405-07 W. Belden / 2258 N. Southport Chicago, IL
1 BR | May. 1, 2023
Contact
Dog Friendly
Cat Friendly
Dishwasher
Lincoln Park
11
$674
1527 North Wicker Park Avenue, Unit 212
Chicago, IL
Studio | Available Now
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Cat Friendly
Wicker Park
1
$650
156-158 N Central Ave
Chicago, IL
Studio | Available Now
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Balcony, Deck, Patio
Disability Access
Dishwasher
Austin
1
$100
2231 W 21St Pl
Chicago, IL
Studio | Available Now
Contact
Balcony, Deck, Patio
Dishwasher
Lower West Side
17
$ Ask - 2,575
Century Tower
182 Lake Street W Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
1 - 30 of 54 Results
  1. Home
  2. Chicago
  3. Apartments Under $700

How much does it cost to rent an apartment in Chicago?

Chicago Apartments
Bed Type Average Rent Range
Studio $1,300 $800 - $2,330
1BR $1,900 $900 - $3,030
2BR $2,160 $1,000 - $4,400
3BR $2,640 $1,180 - $7,050
4+BR $3,250 $1,250 - $14,490
Frequently Asked Questions

How many apartments are available in Chicago, IL on Rentable.co?

Rentable.co has over 178,363 apartments available in Chicago.

What is the average rent for a studio apartment in Chicago, IL?

The average rent for a studio apartment in Chicago is around $1,300 per month.

What is the average rent for a one-bedroom apartment in Chicago, IL?

The average rent for a one-bedroom apartment in Chicago is around $1,900 per month.

What is the average rent for a two-bedroom apartment in Chicago, IL?

The average rent for a two-bedroom apartment in Chicago is around $2,160 per month.

How expensive is living in Chicago, IL?

Based on average rent prices in Chicago, to afford a studio apartment you would need an annual salary of $52,000 to live comfortably.

How many apartments under $700 are available in Chicago, IL on Rentable.co?

Rentable.co has 54 apartments under $700 available for rent in Chicago.

Which neighborhoods have the most apartments under $700 for rent in Chicago, IL?

  1. Lincoln Park
  2. Hyde Park
  3. River North
  4. The Loop
  5. Albany Park

Asset 2
Apartments by Bedrooms
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2 Bedroom Apartments
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4 Bedroom Apartments
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Apartments by Affordability
Cheap Apartments
Apartments Under $500
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Chicago:
March Rent Report

Welcome to the March 2023 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Chicago rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago average rent prices in the chart below.

Monthly Rent Report

Chicago Rent Prices Increase From February to March

Chicago rent prices increased over the last month. From February to March, the city experienced a 0.87% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,850.0.

When we take a look at the two-bedroom comparison from February to March, Chicago experienced a -0.55% decrease for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,154.0.

March Prices: Chicago vs. Surrounding Areas

Rent Prices in Chicago and Surrounding Areas

Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Chicago suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL .

  • Rent decreased in Evanston, IL, Lombard, IL, Naperville, IL, Arlington Heights, IL, Downers Grove, IL, Schaumburg, IL.

  • 7 suburbs are currently priced lower than the city of Chicago.

March 2023 Pricing Trends: Chicago vs. National Comparisons

Chicago Rent Prices More Affordable Than Major Cities

Rent growth in Chicago over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago average rent prices appear to be relatively affordable for local residents.

The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.

Data set for Chicago and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Chicago, IL $1,834.0 1.83% $2,166.0 0.84%
Evanston, IL $1,466.0 -4.93% $1,759.0 -0.73%
Lombard, IL $1,703.0 -1.62% $2,416.0 -2.03%
Naperville, IL $1,501.0 -0.33% $1,858.0 -1.85%
Arlington Heights, IL $1,399.0 -1.62% $1,628.0 -1.75%
Oak Park, IL $1,218.0 0.66% $1,673.0 -3.18%
Downers Grove, IL $1,582.0 -0.06% $1,672.0 -0.42%
Schaumburg, IL $1,577.0 -4.08% $1,946.0 0.31%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.