Cheap Apartments for Rent in the South Lakefront Neighborhood of Chicago, IL from $500 (371 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Lakefront 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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2206 E 70th St
$1,0002 Bedroom, 1 Bath RentalsAvailable Now

2206 E 70th St

Chicago, IL 60649
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South Lakefront, Chicago, IL Local Guide

Cheapest Available South Lakefront Apartments for Rent

 

The cheapest available apartment rental in the South Lakefront area of Chicago, IL is a Studio unit found at 5445 Ingleside By 3L Living priced from $600. 5540 Hyde Park by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable South Lakefront apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$600
5540 Hyde Park by 3L Living_5540 - Single - WestStudio,1BA$699
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
2235 E 71st StStudio ApartmentStudio,1BA$745
6246 S. King Dr.Two rm StudioStudio,1BA$750
Chatham Park Village-Cooperative (Membership)1 Bedroom1BR,1BA$750
8152 S EvansStudio ApartmentStudio,1BA$775
7917-27 S Drexel Ave1 Bedroom 1 Bath Apartment1BR,1BA$825
South Shore Beach ApartmentsStudioStudio,1BA$825
7800-06 S Essex1 Bedroom 1 Bath Apartment with dining1BR,1BA$830

Best Value Apartments for Rent in South Lakefront, IL

As of February 13, 2025 the best value apartment in the South Lakefront area is the $0.55 price per square foot Drexel Model at Drexel House - Co-Living in the in the Hyde Park neighborhood starting from $1,200. The second greatest value South Lakefront apartment is the 7147 S Princeton Ave Model at 7147 S Princeton Ave, Unit 1 starting at $1,900 with a $0.90 price per square foot in the Englewood neighborhood. Here is today’s list of the best values for South Lakefront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Drexel House - Co-LivingDrexel1BR,1BA$0.55
7147 S Princeton Ave, Unit 17147 S Princeton Ave3BR,2BA$0.90
Avenue on Kenwood - Co-LivingKenwood1BR,1BA$0.60
8227 S Clyde Ave, Unit 2nd fl8227 S Clyde Ave2BR,1BA$0.88
6630 S Ingleside Ave, Unit 26630 S Ingleside Ave3BR,1BA$0.97
8046 S Maryland Ave, Unit 28046 S Maryland Ave2BR,1BA$0.87
7259 S Constance Ave, Unit Apt 27259 S Constance Ave2BR,1BA$0.92
2014 E 77th St, Unit 2014 E. 77th Street2014 E 77th St2BR,1BA$1.04
7824 S Greenwood Ave, Unit G7824 S Greenwood Ave4BR,2BA$1.04
7915 S Dobson Ave, Unit 2E7915 S Dobson Ave1BR,1BA$1.00

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Pet Friendly Lifestyle
South Lakefront, Chicago, IL

Ranked #115

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
South Lakefront, Chicago, IL

School data provided by Great Schools

Best Local Schools in
South Lakefront, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, areas, and rental properties across Illinois, including Chicago. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Lakefront Apartments

What is the Cheapest Studio apartment in South Lakefront?

Currently the most affordable Cheap Studio Apartment in South Lakefront is at 5445 Ingleside By 3L Living listed at $600.

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

The lowest price for a Cheap One Bedroom South Lakefront Apartment is $750 at Chatham Park Village-Cooperative (Membership).

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

Today's best deal for a Cheap Two Bedroom Apartment in South Lakefront is starting from $906 at Chatham Park Village-Cooperative (Membership).

What is the most affordable South Lakefront Three Bedroom Apartment?

The best deal on a cheap South Lakefront Three Bedroom Apartment rental is at Southland Village and starts from $1,100.

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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