Cheap Homes for Rent in South Lakefront Neighborhood of Chicago, IL from $700 (99 Rentals)

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Search the lowest-cost Homes 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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property at 2851 S King Dr

2851 S King Dr

ChicagoIL60616
property at 621 E 89th Pl

621 E 89th Pl

ChicagoIL60619
property at 610 E 74th St

610 E 74th St

ChicagoIL60619
property at 1367 E 53rd St

1367 E 53rd St

ChicagoIL60615
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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 - NorthStudio,1BA$699
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
6246 S. King Dr.Two rm StudioStudio,1BA$750
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$750
7850 S Constance AveStudio ApartmentStudio,1BA$760
4901 S Drexel BlvdStudio ApartmentStudio,1BA$825
7706 South Coles1 Bedroom 1 Bath Apartment1BR,1BA$825
South Shore Beach ApartmentsStudioStudio,1BA$825
8345-49 S Drexel Ave1 Bedroom 1 Bath Apartment1BR,1BA$835

Best Value Apartments for Rent in South Lakefront, IL

As of March 23, 2025 the best value apartment in the South Lakefront area is the $0.43 price per square foot 8518 S Bennett Ave Model at 8518 S Bennett Ave, Unit 3 in the in the Avalon Park neighborhood starting from $1,650. The second greatest value South Lakefront apartment is the 1015 E Hyde Park Blvd Model at 1015 E Hyde Park Blvd, Unit 3 starting at $3,600 with a $1.09 price per square foot in the Hyde Park 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.
8518 S Bennett Ave, Unit 38518 S Bennett Ave3BR,1BA$0.43
1015 E Hyde Park Blvd, Unit 31015 E Hyde Park Blvd5BR,3BA$1.09
7147 S Princeton Ave, Unit 17147 S Princeton Ave3BR,2BA$0.90
7914 S Champlain Ave, Unit 17914 S Champlain Ave3BR,1BA$1.13
7243 S Stony Island Ave, Unit 37243 S Stony Island Ave3BR,2BA$1.13
6630 S Ingleside Ave, Unit 16630 S Ingleside Ave3BR,1BA$1.05
6842 S East End Ave, Unit 36842 S East End Ave2BR,1BA$1.06
7115 S Cornell Ave, Unit 3N7115 S Cornell Ave4BR,1BA$1.03
7944 S Lafayette Ave, Unit 27944 S Lafayette Ave2BR,1BA$0.93
6224 S Dr Martin Luther King Jr Dr3 Bedroom 2 Bath Apartment3BR,2BA$0.95

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Frequently Asked Questions about South Lakefront

What type of rentals are currently available in South Lakefront?

There are currently 3468 Apartments for Rent in South Lakefront, IL with pricing that ranges from $575 to $13,785. There are also 371 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakefront ranging from $700 to $6,900.

What is the current price range for Rental Homes in South Lakefront?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Lakefront ranges from $700 to $6,900 with an average monthly rent of $2,528.

How much are larger Three and Four Bedroom Rentals in South Lakefront?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Lakefront range from $1,100 to $13,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,250.

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.