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Showing all results in Downtown Chicago - Chicago, IL.

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Studio Apartments under $500 in Downtown Chicago

7,953 Rentals
.
  10. Building Photo - TRIO Apartments
    1 BED
    $2,533+
    2 BEDS
    $2,943+
    3 BEDS
    $5,599+

    TRIO Apartments

    670 W Wayman St, Chicago, IL 60661
  13. Building Photo - Prairie Shores
    $584 Off
    Price Drop. $584 Off
    |
    STUDIO
    $1,150+
    1 BED
    $1,212+
    2 BEDS
    $1,529+
    3 BEDS
    $2,301+

    Prairie Shores

    2937 South King Dr, Chicago, IL 60616
    (708) 613-8721
  15. $534 Off
    Price Drop. $534 Off
    |
    STUDIO
    $2,110+
    1 BED
    $2,360+
    2 BEDS
    $3,758+
    3 BEDS
    $6,700+

    The 808 Cleveland

    808 N Cleveland Ave, Chicago, IL 60610
    (708) 934-0556
  19. Building Photo - Circa 922
    $500 Off
    Price Drop. $500 Off
    |
    STUDIO
    $2,300+
    1 BED
    $2,857+
    2 BEDS
    $3,829+
    3 BEDS
    $5,761+

    Circa 922

    922 W Washington Blvd, Chicago, IL 60607
    (708) 426-1741
  21. Aerial - Cascade
    $462 Off
    Price Drop. $462 Off
    |
    STUDIO
    $2,466+
    1 BED
    $2,504+
    2 BEDS
    $4,234+

    Cascade

    455 E Waterside Dr, Chicago, IL 60601
    (312) 313-4265
  23. Building Photo - Straits Row
    $425 Off
    Price Drop. $425 Off
    |
    STUDIO
    $2,099+
    2 BEDS
    $1,779+
    3 BEDS
    $1,769+
    4 BEDS
    $1,274+

    Straits Row

    633 S La Salle St, Chicago, IL 60605
    (872) 266-7622
  24. Building Photo - Left Bank
    $415 Off
    Price Drop. $415 Off
    STUDIO
    $2,245+
    1 BED
    $2,602+
    2 BEDS
    $3,608+
    3 BEDS
    $7,500+

    Left Bank

    300 N Canal St, Chicago, IL 60606
    (708) 725-1194
  38. Building Photo - The Shelby
    $230 Off
    Price Drop. $230 Off
    |
    1 BED
    $2,012+
    2 BEDS
    $3,311+

    The Shelby

    2300 S Michigan Ave, Chicago, IL 60616
    (708) 725-0814

Chicago at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Chicago
84

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Chicago
89

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Chicago

Downtown Chicago Neighborhood in Chicago, IL

Find a studio apartment for rent in Downtown Chicago under $500. With Apartment Finder's rent specials, great deals, and price drops, you'll find the perfect place within your budget. Studio apartments provide cozy, stylish living and are terrific options for your new home in Downtown Chicago. While studios are smaller than other floor plans, you may pay less for utilities, conserve energy, and spend less time cleaning and maintaining your home. Filter for studio apartments with a balcony, paid utilities, or other amenities you want. By using Apartment Finder’s real-time rents, availabilities, and rent specials, you’ll find your rental at the right price, too. Click on any of these 750 studio apartments to see photos, learn more about the neighborhood, and view amenities.

Top Budget-Friendly Neighborhoods in Chicago

(For 1 bedroom apartments)

Getting Around Chicago

Transportation

95

Walker’s Paradise

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
89

Very Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
84

Excellent Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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