Apartments Under $700 in Chicago, IL: December Rental Information
Welcome to the December 2025 Apartments Under $700 in Chicago, IL Rent Report. In this guide, Rentable's data scientists and rental experts analyze the local rental market to provide you with key findings and figures for the current Chicago rental landscape.
Our experts assess the inventory trends for apartments under $700, including the overall market rent distribution, availability by bedroom count, and month-over-month comparisons in Chicago and its surrounding areas. This report will also offer insight into the available features and amenities, as well as location options for apartments in Chicago that fit within your budget of under $700 per month. With this information, you'll have a clear understanding of the rental market in Chicago and be able to make informed decisions when searching for your next apartment.
This month, the typical cost to rent a one-bedroom apartment in Chicago stands at $1,890, with the majority falling between $1,100 and $3,200. Out of the 22,507 one-bedroom apartments currently on the market in Chicago, 53 are priced below $700, accounting for 0% of the total available one-bedroom units in Chicago.
Available Apartments Under $700: Chicago vs. Surrounding Areas