Cheap Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $800 (19 Rentals)

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

property at 1000 S Clark St

1000 S Clark St

ChicagoIL60605

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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2001 S State St
2 to 3 Bedroom Apartments

2001 S State St

2001 S State StChicago, IL 60616
  • Utilities Included
Showing Results 1-19, Page 1 of 1

Near South Side, Chicago, IL Local Guide

Cheapest Available Near South Side Apartments for Rent

 

The cheapest available apartment rental in the Near South Side area of Chicago, IL is a Studio unit found at Prairie Shores priced from $1,099. McCormick has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,108. Here are the most affordable Near South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Prairie ShoresClassic StudioStudio,1BA$1,099
McCormickPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$1,108
2101 MichiganStudioStudio,1BA$1,634
Eden CommonsTwo Bedroom2BR,1BA$1,694
Park Michigan - 1212 S Michigan AveStudio 1ba 03Studio,1BA$1,762

Best Value Apartments for Rent in Near South Side, IL

As of March 26, 2025 the best value apartment in the Near South Side area is the $1.86 price per square foot 2550 S Wabash Ave Model at 2550 S Wabash Ave in the in the Near South Side neighborhood starting from $3,350. The second greatest value Near South Side 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 Near South Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2550 S Wabash Ave2550 S Wabash Ave3BR,2BA$1.86
2550 S Wabash Ave2550 S Wabash Ave3BR,2BA$1.87
Carriage House Lofts2 BED 2 BATH LOFT STYLE2BR,2BA$2.35
Wells Place Apartments2 Bed 2 Bath B42BR,2BA$2.60
1234 S Michigan Ave, Unit 13101234 S Michigan Ave1BR,1BA$1.85
240 W 24th St, Unit Coach House240 W 24th St2BR,1.5BA$1.67
2310 S Canal St, Unit 2032310 S Canal St2BR,1BA$2.15
1464 S Michigan Ave1464 S Michigan Ave2BR,2BA$2.45
Eden CommonsTwo Bedroom2BR,1BA$2.16
1140 S Wabash Ave, Unit 13111140 S Wabash AveStudio ,1BA$2.59

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Pet Friendly Lifestyle
Near South Side, Chicago, IL

Ranked #29

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Near South Side Apartments

What is a cheap apartment in Near South Side?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near South Side is under $1,850.

What is the price of a cheap apartment in Near South Side?

The cheapest apartment in Near South Side is Prairie Shores which is listed at $1,279, while the average apartment in Near South Side costs $7,424.

What types of apartments are the cheapest in Near South Side?

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 30 regular apartments in Near South Side 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 Near South Side?

Cheap apartments in Near South Side have an average cost of $158 which is $7,266 cheaper than the average rent for all rentals in Near South Side.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.