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Apartments for Rent in Illinois under $500

46 Rentals Available
Apartments for Rent in Illinois under $500. 46 Rentals Available
  • an empty kitchen with a refrigerator and a sink
    Today

    800 Randall Road, Carlinville, IL 62626
    1 BED $480
  • a kitchen with stainless steel appliances and a granite counter top
    Today

    3622 N. Marshfield Ave., Chicago, IL 60613
    1 BED Ask for Pricing
  • a living room with a couch and a ceiling fan
    Today

    2656-58 W. Iowa St., Chicago, IL 60622
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a kitchen with white appliances and wooden cabinets and a refrigerator
    Today

    405 E College St, Carbondale, IL 62901
    STUDIO $420+
  • a leather chair in a living room next to a window
    Today

    1948-54 W. Berteau Ave. & 4201-03 N. Damen Ave., Chicago, IL 60618
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
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  • a living room with a couch and a rug
    Today

    2225 North 12Th Street, Quincy, IL 62305
    2 BEDS $252+
    3 BEDS $275+
  • a living room with couches and chairs and a window
    Today

    820 W Freeman St, Carbondale, IL 62901
    STUDIO $450
  • a kitchen with white cabinets and stainless steel appliances
    Today

    1727-29 N. Halsted St., Chicago, IL 60614
    2 BEDS Ask for Pricing
  • a kitchen with wooden cabinets and a refrigerator next to a door
    Today

    600 W Mill St, Carbondale, IL 62901
    STUDIO $420
  • the house has been remodeled to look like a 1930s house
    Today

    2247 W Giddings, Chicago, IL 60625
    STUDIO $75
  • a large building with a fence in front of it
    Today

    402 Flessner Rd., Rantoul, IL 61866
    STUDIO $30+
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  • a living room and kitchen with a couch and a table
    Today

    406 E. Green St., Champaign, IL 61820
    1 BED Ask for Pricing
  • a large brick apartment building on the side of a street
    Today

    17745 ROSEWOOD DRIVE, Lansing, IL 60438
    STUDIO $159+
    2 BEDS $162+
    3 BEDS $242+
  • an office building with a red roof and a parking lot
    Today

    1501 Illinois 127, Greenville, IL 62246
    STUDIO $15+
  • a large brick building on the corner of a street
    Today

    1206-10 W 83Rd, Chicago, IL 60620
    2 BEDS $500
  • a kitchen with a counter top and a brick wall
    Today

    4807-4811 N. St. Louis, Chicago, IL 60625
    2 BEDS Ask for Pricing
  • a white house with a sidewalk in front of it
    Today

    223 N. Penfield, Rantoul, IL 61866
    2 BEDS $450+
  • a living room with a couch and a coffee table
    Today

    710 S. Illinois Ave, Carbondale, IL 62901
    4 BEDS $459
  • an image of a logo for woolcocopper companies
    Today

    509 Plaza Drive, Mendota, IL 61342
    1 BED $465
  • a kitchen with white appliances and wooden cabinets
    Today

    1527 N. Wicker Park Avenue, Chicago, IL 60622
    Income Restricted
    STUDIO $492+
20-0-state
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Getting around in Illinois, IL

27 /100
Somewhat Bikeable
Bike Score®: 27

Frequently asked questions

When were prices and availability in Illinois last updated?

Prices and availability in Illinois were last updated on 20 Feb 2026.

What are the best apartments in Illinois?

The best apartments in Illinois are: 2533 W. Augusta Blvd., 2950 North Sheridan, 8951 S Ada St, 2801 W Logan and Mulligan School Apartments.

What type of rental buildings are in Illinois?

In Illinois 33% of the housing is rented out compared to 67% of homes are owned, according to the most recent Census Bureau estimates. 17% of Illinois's apartments are found in large buildings of 50 units or more, 61% are located in smaller apartment complexes with less than 50 units, and 20% are single-family rentals.

Your search for apartments in Illinois under $500 stops here

Finding apartments for rent in Illinois for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 46 available units in Illinois, renting for under $500. On average, $511 can get you 727 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Illinois goes for $159 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!