Cheap Apartments for Rent in the Armour Square Neighborhood of Chicago, IL from $700 (121 Rentals)

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

property at 4021 S Ellis Ave

$1,250 - $4,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $4,000
Total Monthly Price
$1,250 - $4,000

1 To 3 Bedroom Condos for Rent

Available Now

4021 S Ellis Ave

ChicagoIL60653

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220 W 33rd St, Unit 2
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
2 Bedroom Apartment Available Jul 1

220 W 33rd St, Unit 2

220 W 33rd StChicago, IL 60616

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

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1502 W 18th St, Unit 2R
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500
2 Bedroom Apartment Available Jul 1

1502 W 18th St, Unit 2R

1502 W 18th StChicago, IL 60608
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960 W 18th Pl, Unit #1
$1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700
2 Bedroom Apartment Available Now

960 W 18th Pl, Unit #1

960 W 18th PlChicago, IL 60608
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 3324 S May St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

3324 S May St

ChicagoIL60608
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Coeval
$1,851 - $5,611
Total Monthly Price

Total Monthly Price

Base Rent
$1,851 - $5,611
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Coeval

51 E 14th StChicago, IL 60605
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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. 4720 S Drexel has the second lowest priced unit, which is a Studio apartment currently listed from $1,005. 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
4720 S DrexelStudio ApartmentStudio,1BA$1,005
Lake Meadows Apartmentslakem2-0b1aStudio,1BA$1,015
4721 S. Ellis Avenueells0bBStudio,1BA$1,040
Woodlawn Terracewdtr0baStudio,1BA$1,180
4455 S. Greenwood Avenue4455-0bAStudio,1BA$1,195
Lake Grove Village1B1BR,1BA$1,218
Eden CommonsStudioStudio,1BA$1,293

Best Value Apartments for Rent in Armour Square, IL

As of June 01, 2026 the best value apartment in the Armour Square area is the $1.18 price per square foot 1901 S May St Model at 1901 S May St, Unit 1 in the in the University Village neighborhood starting from $3,000. The second greatest value Armour Square apartment is the Apartment 3 Bedroom Model at 1935 S Canalport Ave starting at $1,825 with a $0.93 price per square foot in the South Loop 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.
1901 S May St, Unit 11901 S May St3BR,2.5BA$1.18
1935 S Canalport AveApartment 3 Bedroom3BR,2.5BA$0.93
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.36
241 W 23rd St, Unit Second Floor241 W 23rd St1BR,1BA$0.81
903 W 35th St, Unit 3903 W 35th St4BR,2BA$1.52
3612 S King Dr, Unit 3rd Floor3612 S King Dr3BR,2BA$1.64
2914 S Quinn St, Unit 2nd floor2914 S Quinn St2BR,1BA$1.05
240 W 24th St, Unit 1R240 W 24th St3BR,1BA$1.59
3139 S Parnell Ave, Unit 13139 S Parnell AveStudio ,1BA$1.55
Coleman Place At Legends SouthThe Burnham1BR,1BA$1.20

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

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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 #40

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 $1,293.

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 $17,244.

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 179 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 $505 which is $16,739 cheaper than the average rent for all rentals in Armour Square.

Expert Rental Resources

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.

Helpful Local Expert Guides

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