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Apartments for Rent in Chicago, IL under $500

Apartments for Rent in Chicago, IL under $500. 12 Rentals Available
12 Rentals Available
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  • a kitchen with stainless steel appliances and a granite counter top
    Ask for pricing
    Verified Listing

    3622 N. Marshfield Ave., Chicago, IL 60613
    Pet friendly
  • a living room with a couch and a ceiling fan
    Ask for pricing
    Verified Listing

    2656-58 W. Iowa St., Chicago, IL 60622
    Pet friendly
  • a leather chair in a living room next to a window
    Ask for pricing
    Verified Listing

    1948-54 W. Berteau Ave. & 4201-03 N. Damen Ave., Chicago, IL 60618
    Cat friendly
  • a kitchen with white cabinets and stainless steel appliances
    Ask for pricing
    Verified Listing

    1727-29 N. Halsted St., Chicago, IL 60614
  • the house has been remodeled to look like a 1930s house
    Only 1 unit left
    Studio $75
    Base rent
    Verified Listing

    2247 W Giddings, Chicago, IL 60625
    Apply online • Pet friendly
  • a large brick building on the corner of a street
    2 bd $500
    Base rent
    Verified Listing

    1206-10 W 83Rd, Chicago, IL 60620
  • a kitchen with a counter top and a brick wall
    Ask for pricing
    Verified Listing

    4807-4811 N. St. Louis, Chicago, IL 60625
    Cat friendly
  • a kitchen with white appliances and wooden cabinets
    5 units available
    Studio $492+
    Base rent Income restricted
    Verified Listing

    1527 N. Wicker Park Avenue, Chicago, IL 60622
    Apply online • Pet friendly
8-0-city

Frequently asked questions

When were prices and availability in Chicago, IL last updated?

Prices and availability in Chicago, IL were last updated on 26 May 2026.

What are the best apartments in Chicago, IL?
What type of rental buildings are in Chicago, IL?

In Chicago, 54% of the residents are renting compared to 46% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 27% of Chicago's rentals, 66% are small-scale complexes with under 50 units, and 6% are single-family rentals.