Cheap Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $800 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near South Side 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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2001 S State St
2 to 3 Bedroom Apartments

2001 S State St

2001 S State StChicago, IL 60616
  • Utilities Included
Showing Results 1-26, 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 $1,046. 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$1,046
McCormickPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$1,108
2101 MichiganStudioStudio,1BA$1,634
Eden CommonsTwo Bedroom2BR,1BA$1,711
820 Michigan by 3L LivingStudio NorthStudio,1BA$1,729
The Elle Apartments466Studio,1BA$1,745
Park Michigan - 1212 S Michigan AveStudio 1ba 03Studio,1BA$1,762
CoevalV2Studio,1BA$1,832
30 East RooseveltER_1x11BR,1BA$1,850

Best Value Apartments for Rent in Near South Side, IL

As of April 12, 2025 the best value apartment in the Near South Side area is the $2.34 price per square foot 2 BED 2 BATH LOFT STYLE Model at Carriage House Lofts in the in the Near South Side neighborhood starting from $2,737. The second greatest value Near South Side apartment is the Two Bedroom 01D Model at Astoria Tower starting at $3,369 with a $2.90 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.
Carriage House Lofts2 BED 2 BATH LOFT STYLE2BR,2BA$2.34
Astoria TowerTwo Bedroom 01D2BR,2BA$2.90
1419 S Wabash Ave, Unit 21419 S Wabash Ave2BR,2BA$3.00
1401 S State St, Unit FL22-ID7701401 S State St2BR,2BA$1.97
2310 S Canal St, Unit 2032310 S Canal St2BR,1BA$2.15
The ShelbyA21BR,1BA$2.86
Eden CommonsTwo Bedroom2BR,1BA$2.18
30 E Roosevelt Rd, Unit FL6-ID80630 E Roosevelt Rd1BR,1BA$2.05
Arrive LEXBell1BR,1BA$3.15
Prairie ShoresRenovated 1 Bed 1 Bath _6401BR,1BA$2.68

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Pet Friendly Lifestyle
Near South Side, Chicago, IL

Ranked #34

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 $1,329, while the average apartment in Near South Side costs $7,827.

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 9 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 $188 which is $7,639 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.

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

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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

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

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