Cheap Apartments for Rent in the Armour Square Neighborhood of Chicago, IL from $700 (129 Rentals)

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

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2973 S Lyman St, Unit 2
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200
1 Bedroom Apartment Available Now

2973 S Lyman St, Unit 2

2973 S Lyman StChicago, IL 60608
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property at 1503 W 19th St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

Studio, 1 Bath Condo for Rent

Available Now

1503 W 19th St, Unit 3R

1503 W 19th St
ChicagoIL60608
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1838 S May St, Unit Apt 2F
$1,520
Total Monthly Price

Total Monthly Price

Base Rent
$1,520
Total Monthly Price
$1,520
2 Bedroom Apartment Available Now

1838 S May St, Unit Apt 2F

1838 S May StChicago, IL 60608
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3405 S Lituanica Ave, Unit CH
$1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550
1 Bedroom Apartment Available Now

3405 S Lituanica Ave, Unit CH

3405 S Lituanica AveChicago, IL 60608
Affordability
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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 4 Beds unit found at Coleman Place At Legends South priced from $170. Abbott Square - 8143 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,031. Here are the most affordable Armour Square apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Coleman Place At Legends SouthThe Wells4BR,2BA$170
Abbott Square - 81431BR1BR,1BA$1,031
4721 S. Ellis Avenueells0bBStudio,1BA$1,040
Lake Meadows Apartmentslm60b1cStudio,1BA$1,150
Woodlawn Terracewdtr0bbStudio,1BA$1,150
Prairie CoLivingPrivate bedroom with en-suite bathroom1BR,1BA$1,150
Lake Grove Village1B1BR,1BA$1,218
Prairie ShoresClassic StudioStudio,1BA$1,219

Best Value Apartments for Rent in Armour Square, IL

As of July 21, 2026 the best value apartment in the Armour Square area is the $1.60 price per square foot 3935 S Wells St Model at 3935 S Wells St, Unit 1 in the in the Douglas neighborhood starting from $4,800. 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$1.60
3935 S Wells St, Unit 13935 S Wells St4BR,4BA$1.60
1935 S Canalport AveApartment 3 Bedroom3BR,2.5BA$0.93
4615 S Vincennes Ave, Unit Vincennes4615 S Vincennes Ave4BR,1.5BA$1.41
903 W 35th St, Unit 3903 W 35th St4BR,2BA$1.52
2968 S Loomis St, Unit 12968 S Loomis St2BR,1BA$1.48
3815 S Parnell Ave, Unit 1F3815 S Parnell Ave2BR,1BA$1.65
2969 S Archer Ave, Unit 2F2969 S Archer Ave2BR,1BA$1.60
Coleman Place At Legends SouthThe Burnham1BR,1BA$1.20
Abbott Square - 81431BR1BR,1BA$1.54

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Armour Square, Chicago, IL

Ranked #39

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

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 $1,219.

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

The cheapest apartment in Armour Square is Coleman Place At Legends South which is listed at $914, while the average apartment in Armour Square costs $14,006.

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 84 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 $563 which is $13,443 cheaper than the average rent for all rentals in Armour Square.

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