The paper studies various rolling schedules implemented at 500°С (incl. direct, reverse, and cross rolling) and their effect on the structure formation and mechanical properties in AISI 304L stainless steel samples. Both TEM and SEM research techniques were applied. An ultrafine grain-subgrain microstructure was found to be formed inside elongated original grains. Rolling-processed microstructural elements were close in their size with the minimum value observed after a reverse rolling (240 nm)