
Apartments for Rent in Chicago, IL Under $700 (78 Rentals)


Lakeside 6241

1155 W 83rd St

Total Monthly Price
1415 E 52nd St

5445 Ingleside By 3L Living

6246 S. King Dr.

Stephen's Commons- Senior Living-Age 62+

3301 W Walnut St

3025 W 54th Pl

7903 S Rhodes Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

319 E 79th

New Venture Realty Chatham Apartments

Shore View Apartments

Devonshire Apartments

8100 S Justine St

Garfield Apartments

7517 S. Coles

4735-4737 N Malden St

Wilson Apartments

5651 N Christiana Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

7115-25 S East End Ave

8232 S Drexel Ave

The Doral

7600-14 S South Shore Dr

11133 S Vernon Ave

Ridge-Magnolia

Oglesby Arms

7908 S Prairie Ave

6945 S Crandon Ave

963 E 84th St
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Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

7201 S Western Ave

7808 Southshore

6838 S Jeffery Blvd

7451 S Vernon Ave

8122-8128 S Indiana Ave

6314 S Troy St

7256 S Rhodes Ave

7948-7958 S Ingleside Ave

7945-7955 S. Drexel Ave.

7622 N Sheridan Rd
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

6315-6319 S California Ave

South Shore Neighborhood Apartments

7241-7255 S Constance Ave

1536 E. 83rd Place

First InSite 7959 S Ashland Apartments

6739 S Jeffery Blvd

First InSite 8044 S Chatam II

8051-8053 S King Dr

741-53 E 79th St

6957 S Michigan Ave
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Studio Apartments Under $700 | $2,044 | $595 | $8,604 |
| Chicago 1 Bedroom Apartments Under $700 | $2,478 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments Under $700 | $3,072 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments Under $700 | $3,724 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments Under $700 | $3,719 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,472 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,960 | $6,700 | $7,350 |
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Chicago, IL Local Guide
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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big city challenges with traffic but also provides the amenities of the city you can't find elsewhere
Frequently Asked Questions about Chicago
How much are Studio apartments in Chicago?
There are currently 8,283 Studio Apartments in Chicago with rent ranges from $595 to $8,604 with an average price of $2,044.
What is the current price range for One Bedroom Chicago Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Chicago ranges from $640 to $9,987 with an average monthly rent of $2,478.
What does renting a Two Bedroom Apartment in Chicago cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago range from $762 to $18,797. Today's average rental price for Two Bedrooms here is $3,072.
How expensive are Chicago Three Bedroom Apartments?
There are currently 4,989 Three Bedroom Apartments listings available in Chicago on ApartmentHomeLiving.com. The pricing ranges from $883 to $38,481 - averaging $3,724 for the location.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.