Cheap Homes for Rent in Southwest Chicago Neighborhood of Chicago, IL from $600 (293 Rentals)

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Search the lowest-cost Homes available for rent right now in the Southwest Chicago 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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Southwest Chicago

Named as one of the Best Affordable Neighborhoods to rent in Chicago by our Chicago, IL Local Expert Nicole Harms. See how it ranks!

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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
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Southwest Chicago, Chicago, IL Local Guide

Cheapest Available Southwest Chicago Apartments for Rent

 

The cheapest available apartment rental in the Southwest Chicago area of Chicago, IL is a Studio unit found at 5445 Ingleside By 3L Living priced from $600. 1155 W 83rd St has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Southwest Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$600
1155 W 83rd StStudioStudio,1BA$650
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
6238-44 S Western AveStudioStudio,1BA$785
South Shore Beach ApartmentsStudioStudio,1BA$825
4901 S Drexel BlvdStudio ApartmentStudio,1BA$825

Best Value Apartments for Rent in Southwest Chicago, IL

As of March 26, 2025 the best value apartment in the Southwest Chicago 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 Southwest Chicago apartment is the 5536 W 63rd Plz Model at 5536 W 63rd Plz, Unit 1 starting at $1,500 with a $0.63 price per square foot in the Clearing neighborhood. Here is today’s list of the best values for Southwest Chicago 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
5536 W 63rd Plz, Unit 15536 W 63rd Plz1BR,1BA$0.63
7809 S Marshfield Ave, Unit 7809 South Marshfield #17809 S Marshfield Ave2BR,1BA$0.61
817 W 73rd St817 W 73rd St4BR,1BA$0.77
4525 S Christiana Ave, Unit First floor4525 S Christiana Ave3BR,1BA$0.84
1811 Gunderson Ave, Unit 11811 Gunderson Ave2BR,1BA$0.89
6925 S Ada St, Unit 16925 S Ada St3BR,1BA$0.89
7944 S Lafayette Ave, Unit 27944 S Lafayette Ave2BR,1BA$0.93
6908 S Union Ave, Unit G6908 S Union Ave1BR,1BA$0.78
6224 S Dr Martin Luther King Jr Dr3 Bedroom 2 Bath Apartment3BR,2BA$0.95

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Frequently Asked Questions about Southwest Chicago

What type of rentals are currently available in Southwest Chicago?

There are currently 7426 Apartments for Rent in Southwest Chicago, IL with pricing that ranges from $575 to $17,160. There are also 1283 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Chicago ranging from $650 to $58,000.

What is the current price range for Rental Homes in Southwest Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Chicago ranges from $650 to $58,000 with an average monthly rent of $2,654.

How much are larger Three and Four Bedroom Rentals in Southwest Chicago?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southwest Chicago range from $1,100 to $13,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $8,000. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $1,175.

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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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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.