Cheap Apartments for Rent in the Armour Square Neighborhood of Chicago, IL from $700 (76 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Armour Square area of Chicago.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 3759 S Union Ave

3759 S Union Ave

ChicagoIL60609

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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property at 2228 S Wood St

2228 S Wood St

ChicagoIL60608

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Hyde Park / Kenwood
Studio to 1 Bedroom Apartments

Hyde Park / Kenwood

4400-4404 S Drexel BlvdChicago, IL 60653
  • Utilities Included
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Drexel Investments, LLC
Studio to 2 Bedroom Apartments

Drexel Investments, LLC

4742-4748 S Drexel BlvdChicago, IL 60615
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Rosenwald Courts
1 to 2 Bedroom Apartments

Rosenwald Courts

4600-4602 S Michigan AveChicago, IL 60653
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Paul G Stewart Center
Studio to 2 Bedroom Apartments

Paul G Stewart Center

400 E 41st StChicago, IL 60653
Senior Living
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4721 S. Ellis Avenue
Studio to 3 Bedroom Apartments

4721 S. Ellis Avenue

4721-4729 S Ellis AveChicago, IL 60615

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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1809 S Carpenter St
Studio Apartments

1809 S Carpenter St

1809 S Carpenter StChicago, IL 60608
  • Utilities Included
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1810 S Throop St
1 to 2 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
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Showing Results 1-50, Page 1 of 2

Armour Square, Chicago, IL Local Guide

Cheapest Available Armour Square Apartments for Rent

 

The cheapest available apartment rental in the Armour Square area of Chicago, IL is a Studio unit found at 4721 S. Ellis Avenue priced from $1,015. Prairie Shores has the second lowest priced unit, which is a Studio apartment currently listed from $1,020. Here are the most affordable Armour Square apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
4721 S. Ellis Avenueells0bdStudio,1BA$1,015
Prairie ShoresClassic StudioStudio,1BA$1,020
Lake Grove Village1B1BR,1BA$1,100
2423 S StatePrivate bedroom with en-suite bathroom1BR,1BA$1,122
Lake Meadows Apartmentslakem3-0b1aStudio,1BA$1,125
2401 S StateEnsuite1BR,1BA$1,147
Woodlawn Terracewdlw0bDrStudio,1BA$1,165
The Pershing1 bed1BR,1BA$1,180
Addams ColivingUnit 3164BR,3BA$1,190

Best Value Apartments for Rent in Armour Square, IL

As of September 18, 2025 the best value apartment in the Armour Square area is the $1.67 price per square foot 3935 S Wells St Model at 3935 S Wells St, Unit 1 in the in the Douglas neighborhood starting from $5,000. The second greatest value Armour Square apartment is the 3935 S Wells St Model at 3935 S Wells St, Unit 1 starting at $4,800 with a $1.60 price per square foot in the Douglas neighborhood. Here is today’s list of the best values for Armour Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3935 S Wells St, Unit 13935 S Wells St4BR,4BA$1.67
3935 S Wells St, Unit 13935 S Wells St4BR,4BA$1.60
1643 S Throop St, Unit 3R1643 S Throop St3BR,1BA$1.55
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.66
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.66
4450 S Wood St6 bedroom6BR,1BA$1.20
2893 S Archer Ave, Unit 32893 S Archer Ave3BR,1BA$1.46
4455 S. Greenwood Avenue4455-2bA2BR,1BA$1.55
2820 S Short St, Unit 1st Floor Front2820 S Short St2BR,1BA$1.60
3338 S May St, Unit 2R3338 S May St2BR,1BA$1.59

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Armour Square, Chicago, IL

Ranked #44

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Armour Square, Chicago, IL

School data provided by Great Schools

Getting Around the Armour Square Neighborhood in Chicago, IL

Walk Score®

85 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

70 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Armour Square Apartments

What is a cheap apartment in Armour Square?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Armour Square is under $1,190.

What is the price of a cheap apartment in Armour Square?

The cheapest apartment in Armour Square is Lake Grove Village which is listed at $1,100, while the average apartment in Armour Square costs $6,845.

What types of apartments are the cheapest in Armour Square?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 38 regular apartments in Armour Square that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Armour Square?

Cheap apartments in Armour Square have an average cost of $605 which is $6,240 cheaper than the average rent for all rentals in Armour Square.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.