Cheap Homes for Rent in Southwest Chicago Neighborhood of Chicago, IL from $700 (397 Rentals)

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Cheap Homes in the Southwest Chicago area of Chicago.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 4935 W 18th St

4935 W 18th St

CiceroIL60804

Southwest Chicago - One of the Best Affordable Neighborhoods in 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 2107 Grove Ave

2107 Grove Ave

BerwynIL60402
property at 5741 W 35th St

5741 W 35th St

CiceroIL60804
property at 6348 13th St

6348 13th St

BerwynIL60402

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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Showing Results 1-50, Page 1 of 8

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 1155 W 83rd St priced from $650. 5445 Ingleside By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $669. Here are the most affordable Southwest Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$650
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$669
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$684
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
7354-58 S Dorchester AveStudio ApartmentStudio,1BA$710
5540 Hyde Park by 3L Living_5540 - Single - NorthStudio,1BA$715
6246 S. King Dr.Two rm StudioStudio,1BA$750
6306 S ArtesianStudioStudio,1BA$760
6238-44 S Western AveStudioStudio,1BA$800

Best Value Apartments for Rent in Southwest Chicago, IL

As of May 02, 2025 the best value apartment in the Southwest Chicago area is the $0.12 price per square foot 908 Lyman Ave Model at 908 Lyman Ave, Unit 2a in the in the Oak Park Historic District neighborhood starting from $1,225. The second greatest value Southwest Chicago apartment is the 4820 S Keeler Ave Model at 4820 S Keeler Ave, Unit 2 starting at $1,700 with a $0.37 price per square foot in the West Elsdon 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.
908 Lyman Ave, Unit 2a908 Lyman Ave1BR,1BA$0.12
4820 S Keeler Ave, Unit 24820 S Keeler Ave3BR,1BA$0.37
7220 S Ridgeland Ave, Unit 17220 S Ridgeland Ave3BR,1BA$0.44
4820 S Champlain Ave, Unit Apt 34820 S Champlain Ave3BR,2BA$0.77
7147 S Princeton Ave, Unit 17147 S Princeton Ave3BR,2BA$0.90
2118 W 51st St, Unit 1st floor2118 W 51st St2BR,1BA$1.00
4529 S Vincennes Ave, Unit 4529 S Vincennes Ave #34529 S Vincennes Ave3BR,2BA$1.00
2805 E 87th St, Unit 1-42805 E 87th St2BR,1BA$0.97
8010 S Marshfield Ave, Unit 28010 S Marshfield Ave2BR,1BA$0.87
8046 S Maryland Ave, Unit Private Room8046 S Maryland Ave1BR,1BA$0.60

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Frequently Asked Questions about Southwest Chicago

What type of rentals are currently available in Southwest Chicago?

There are currently 7402 Apartments for Rent in Southwest Chicago, IL with pricing that ranges from $575 to $16,520. There are also 1215 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Chicago ranging from $700 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 $700 to $58,000 with an average monthly rent of $2,581.

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 $900 to $13,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $7,253. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $775.

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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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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.