Cheap Apartments for Rent in the Douglas Neighborhood of Chicago, IL from $700 (11 Rentals)

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

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Lake Park Manor
2 to 4 Bedroom Apartments

Lake Park Manor

3601-3645 S Lake Park AveChicago, IL 60653
  • Utilities Included
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

427-439 E Oakwood BlvdChicago, IL 60653

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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3030 S Princeton
2 to 3 Bedroom Apartments

3030 S Princeton

3030 S Princeton AveChicago, IL 60616
  • Utilities Included
  • Smoke Free

Douglas, Chicago, IL Local Guide

Cheapest Available Douglas Apartments for Rent

 

The cheapest available apartment rental in the Douglas area of Chicago, IL is a 4 Beds unit found at McCormick priced from $981. Lake Meadows Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. Here are the most affordable Douglas apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
McCormickPrivate Bedroom in Shared 4 Bed 3 Bath (B)4BR,3BA$981
Lake Meadows Apartmentslakem1-0b1aStudio,1BA$1,030
Prairie ShoresClassic StudioStudio,1BA$1,059
Lake Grove Village1B1BR,1BA$1,100
Eden CommonsTwo Bedroom2BR,1BA$1,471

Best Value Apartments for Rent in Douglas, IL

As of March 22, 2025 the best value apartment in the Douglas area is the $1.16 price per square foot 507 E Oakwood Blvd Model at 507 E Oakwood Blvd, Unit 1 in the in the Douglas neighborhood starting from $2,600. The second greatest value Douglas apartment is the 2550 S Wabash Ave Model at 2550 S Wabash Ave starting at $3,350 with a $1.87 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Douglas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
507 E Oakwood Blvd, Unit 1507 E Oakwood Blvd4BR,2BA$1.16
2550 S Wabash Ave2550 S Wabash Ave3BR,2BA$1.87
3612 S King Dr, Unit 3rd Floor3612 S King Dr3BR,2BA$1.66
240 W 24th St, Unit Coach House240 W 24th St2BR,1.5BA$1.67
3711 S Michigan Ave3711 S Michigan Ave3BR,1BA$2.05
216 W 33rd St, Unit Second216 W 33rd St3BR,1BA$2.00
2910 S Wentworth Ave, Unit 3F2910 S Wentworth Ave3BR,1BA$1.88
Lake Grove Village1A1BR,1BA$1.78
Eden Commons1 Bedroom1BR,1BA$2.60
Lake Meadows Apartmentslakem6-0b1b_bStudio ,1BA$2.75

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Pet Friendly Lifestyle
Douglas, Chicago, IL

Ranked #72

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Douglas Apartments

What is a cheap apartment in Douglas?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Douglas is under $1,817.

What is the price of a cheap apartment in Douglas?

The cheapest apartment in Douglas is Lake Grove Village which is listed at $1,100, while the average apartment in Douglas costs $2,492.

What types of apartments are the cheapest in Douglas?

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 75 regular apartments in Douglas 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 Douglas?

Cheap apartments in Douglas have an average cost of $316 which is $2,176 cheaper than the average rent for all rentals in Douglas.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.