Cheap Apartments for Rent in the Armour Square Neighborhood of Chicago, IL from $600 (68 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Armour Square area of Chicago.

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Hyde Park / Kenwood
Studio Apartments

Hyde Park / Kenwood

4400-4404 S Drexel BlvdChicago, IL 60653
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Lake Park Manor
2 to 4 Bedroom Apartments

Lake Park Manor

3601-3645 S Lake Park AveChicago, IL 60653
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Drexel Investments, LLC
Studio to 2 Bedroom Apartments

Drexel Investments, LLC

4742-4748 S Drexel BlvdChicago, IL 60615
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Paul G Stewart Center
Studio to 2 Bedroom Apartments

Paul G Stewart Center

400 E 41st StChicago, IL 60653
Senior Living
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4720 S Drexel Blvd
Studio Apartments

4720 S Drexel Blvd

4720 S Drexel BlvdChicago, IL 60615
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1809 S Carpenter St
Studio Apartments

1809 S Carpenter St

1809 S Carpenter StChicago, IL 60608
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  • Smoke Free
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1810 S Throop St
1 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
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Showing Results 1-50, Page 1 of 2

Armour Square, Chicago, IL Local Guide

Cheapest Available Armour Square Apartments for Rent

 

The cheapest available apartment rental in the Armour Square area of Chicago, IL is a Studio unit found at 4720 S Drexel Blvd priced from $975. Lake Meadows Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,040. Here are the most affordable Armour Square apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
4720 S Drexel BlvdStudio ApartmentStudio,1BA$975
Lake Meadows Apartmentslakem7-0b1bStudio,1BA$1,040
4721 S. Ellis Avenueells0bdStudio,1BA$1,045
Prairie ShoresClassic StudioStudio,1BA$1,086
Lake Grove Village1B1BR,1BA$1,100
Woodlawn Terracewdlw0bDrStudio,1BA$1,100
McCormickPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$1,108
4351 S Honore St2BD/1BA2BR,1BA$1,195
The Sutherlandsuthm-0bAStudio,1BA$1,295

Best Value Apartments for Rent in Armour Square, IL

As of April 14, 2025 the best value apartment in the Armour Square area is the $1.44 price per square foot 1025 W 20th Plz Model at 1025 W 20th Plz, Unit 1 in the in the University Village neighborhood starting from $2,600. The second greatest value Armour Square apartment is the 903 W 19th St Model at 903 W 19th St, Unit 3 starting at $2,500 with a $1.39 price per square foot in the University Village neighborhood. Here is today’s list of the best values for Armour Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1025 W 20th Plz, Unit 11025 W 20th Plz4BR,2BA$1.44
903 W 19th St, Unit 3903 W 19th St4BR,1BA$1.39
4552 S Evans Ave, Unit 14552 S Evans Ave3BR,2BA$1.92
943 W 33rd Pl, Unit G943 W 33rd Pl2BR,1BA$1.08
2943 S Canal St, Unit 22943 S Canal St1BR,1BA$1.50
2910 S Wentworth Ave, Unit 3F2910 S Wentworth Ave3BR,1BA$1.88
4351 S Honore St2BD/1BA2BR,1BA$1.33
3643 S Hermitage Ave, Unit 23643 S Hermitage Ave2BR,1BA$1.33
Lake Grove Village1A1BR,1BA$1.78
4720 S Drexel BlvdStudio ApartmentStudio ,1BA$1.88

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Pet Friendly Lifestyle
Armour Square, Chicago, IL

Ranked #68

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Armour Square, Chicago, IL

School data provided by Great Schools

Getting Around the Armour Square Neighborhood in Chicago, IL

Walk Score®

85 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

70 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Armour Square Apartments

What is a cheap apartment in Armour Square?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Armour Square is under $1,295.

What is the price of a cheap apartment in Armour Square?

The cheapest apartment in Armour Square is Lake Grove Village which is listed at $1,100, while the average apartment in Armour Square costs $2,500.

What types of apartments are the cheapest in Armour Square?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 50 regular apartments in Armour Square that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Armour Square?

Cheap apartments in Armour Square have an average cost of $436 which is $2,064 cheaper than the average rent for all rentals in Armour Square.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.