Cheap Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $800 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
2801 S King Dr
$1,360Studio, 1 Bath RentalsAvailable Mar 4

2801 S King Dr

Chicago, IL 60616
View Details

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

Read Article
close
View Me
2001 S State St
2 to 3 Bedroom Apartments

2001 S State St

2001 S State StChicago, IL 60616
Utilities inc.
Showing Results 1-27, 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 4 Beds unit found at McCormick priced from $996. 2423 State Street has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,019. Here are the most affordable Near South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
McCormickPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$996
2423 State StreetPrivate Bedroom in Shared 4 Bed 3 Bath - A4BR,3BA$1,019
Prairie ShoresClassic StudioStudio,1BA$1,041
Park Michigan - 1212 S Michigan AveStudio 1ba 03Studio,1BA$1,736
Eden CommonsTwo Bedroom2BR,1BA$1,773
30 East RooseveltER_1x11BR,1BA$1,850
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,866

Best Value Apartments for Rent in Near South Side, IL

As of February 27, 2025 the best value apartment in the Near South Side area is the $1.93 price per square foot 1234 S Michigan Ave Model at 1234 S Michigan Ave, Unit 1310 in the in the Near South Side neighborhood starting from $2,121. The second greatest value Near South Side apartment is the 240 W 24th St Model at 240 W 24th St, Unit Coach House starting at $1,890 with a $1.72 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.
1234 S Michigan Ave, Unit 13101234 S Michigan Ave1BR,1BA$1.93
240 W 24th St, Unit Coach House240 W 24th St2BR,1.5BA$1.72
1419 S Wabash Ave, Unit 21419 S Wabash Ave2BR,2BA$2.82
2310 S Canal St, Unit 2032310 S Canal St2BR,1BA$2.15
Wells Place Apartments1 Bed 1 Bath A41BR,1BA$2.73
Carriage House Lofts1 BED 1 BATH1BR,1BA$2.25
2729 S Princeton Ave, Unit 1F2729 S Princeton Ave2BR,2BA$2.29
Eden CommonsTwo Bedroom2BR,1BA$2.26
1000 S Clark St, Unit FL22-ID12221000 S Clark St1BR,1BA$2.18
1140 S Wabash Ave, Unit 13111140 S Wabash AveStudio ,1BA$2.59

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Near South Side, Chicago, IL

Ranked #33

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Near South Side Apartments

What is the Cheapest Studio apartment in Near South Side?

Currently the most affordable Cheap Studio Apartment in Near South Side is at Prairie Shores listed at $1,041.

How much is rent for a Cheap One Bedroom Near South Side Apartment?

The lowest price for a Cheap One Bedroom Near South Side Apartment is $1,236 at Prairie Shores.

What is the lowest price for a Cheap Two Bedroom Near South Side Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Near South Side is starting from $1,714 at Prairie Shores.

What is the most affordable Near South Side Three Bedroom Apartment?

The best deal on a cheap Near South Side Three Bedroom Apartment rental is at Eden Commons and starts from $1,810.

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.