Cheap Homes for Rent in South Lakefront Neighborhood of Chicago, IL from $700 (121 Rentals)

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Search the lowest-cost Homes available for rent right now in the South Lakefront area of Chicago.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 2542 E 78th St

2542 E 78th St

ChicagoIL60649

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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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 $699. 5748 Blackstone 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$699
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
6246 S. King Dr.Two rm StudioStudio,1BA$750
5540 Hyde Park by 3L LivingEfficiency Studio - WestStudio,1BA$769
South Shore Beach ApartmentsStudioStudio,1BA$825
The Townhouse ApartmentsStudio, 1 bathStudio,1BA$850
7927 S Ellis Ave1 Bedroom 1 Bath Apartment1BR,1BA$860
1108 E 82nd St1 Bedroom 1 Bath Apartment1BR,1BA$875

Best Value Apartments for Rent in South Lakefront, IL

As of May 17, 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 8046 S Maryland Ave Model at 8046 S Maryland Ave, Unit 1st floor starting at $899 with a $0.60 price per square foot in the Chatham 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
8046 S Maryland Ave, Unit 1st floor8046 S Maryland Ave2BR,1BA$0.60
4529 S Vincennes Ave, Unit 4529 S Vincennes Ave #34529 S Vincennes Ave3BR,2BA$1.00
6630 S Ingleside Ave, Unit 16630 S Ingleside Ave3BR,1BA$1.13
7431 S Chappel Ave, Unit 37431 S Chappel Ave2BR,1.5BA$1.13
7843 S Ridgeland Ave, Unit #27843 S Ridgeland Ave3BR,1BA$1.18
8915 S Exchange Ave, Unit 38915 S Exchange Ave4BR,1BA$1.07
7944 S Lafayette Ave, Unit 17944 S Lafayette Ave2BR,1BA$0.93
7955 S La Salle St, Unit 27955 S La Salle St1BR,1BA$1.22
9427 S Ewing Ave, Unit 19427 S Ewing AveStudio ,1BA$1.00

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Frequently Asked Questions about South Lakefront

What type of rentals are currently available in South Lakefront?

There are currently 3478 Apartments for Rent in South Lakefront, IL with pricing that ranges from $575 to $13,785. There are also 360 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakefront ranging from $700 to $6,750.

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 $6,750 with an average monthly rent of $2,477.

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 $4,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,400.

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

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.