Cheap Homes for Rent in Armour Square Neighborhood of Chicago, IL from $1,000 (46 Rentals)

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

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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 Studio unit found at 4720 S Drexel Blvd priced from $970. Lake Meadows Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Armour Square apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
4720 S Drexel BlvdStudio ApartmentStudio,1BA$970
Lake Meadows Apartmentslakem4-0b1aStudio,1BA$975
2423 State StreetPrivate Bedroom in Shared 4 Bed 3 Bath - A4BR,3BA$1,019
4721 S. Ellis Avenueells0bdStudio,1BA$1,025
Prairie ShoresClassic StudioStudio,1BA$1,070
Lake Grove Village1B1BR,1BA$1,100
561 W 18th StGarden Apartment Util Included 1bd 1 bath1BR,1BA$1,150
4455 S. Greenwood Avenue4455-0bAStudio,1BA$1,195
Mccormick ColivingPrivate Bedroom in Shared 4 Bed 3 Bath (E)4BR,3BA$1,255
The Sutherlandsuthm-0bDStudio,1BA$1,295

Best Value Apartments for Rent in Armour Square, IL

As of June 28, 2025 the best value apartment in the Armour Square area is the $1.50 price per square foot 3744 S Parnell Ave Model at 3744 S Parnell Ave, Unit 1 in the in the Armour Square neighborhood starting from $2,700. The second greatest value Armour Square apartment is the 1514 W 18th Pl Model at 1514 W 18th Pl, Unit 2 starting at $2,800 with a $1.87 price per square foot in the University Village 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.
3744 S Parnell Ave, Unit 13744 S Parnell Ave2BR,2BA$1.50
1514 W 18th Pl, Unit 21514 W 18th Pl2BR,2BA$1.87
4552 S Evans Ave, Unit 14552 S Evans Ave3BR,2BA$1.92
925 East 46th Street925ea3bA3BR,1BA$1.53
3347 S Union Ave, Unit 2R3347 S Union Ave2BR,2BA$1.73
2943 S Canal St, Unit 22943 S Canal St1BR,1BA$1.50
Bishop Street LoftsOne Bedroom1BR,1BA$2.11
240 W 24th St, Unit 2F240 W 24th St2BR,1BA$1.82
1838 S May St, Unit Apt 2F1838 S May St2BR,1BA$1.93
Lake Grove Village1A1BR,1BA$1.78

Quick Rent Budget Calculator

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Frequently Asked Questions about Armour Square

What type of rentals are currently available in Armour Square?

There are currently 1271 Apartments for Rent in Armour Square, IL with pricing that ranges from $970 to $19,703. There are also 273 Single Family Homes for rent, Condos, and Townhome rentals currently available in Armour Square ranging from $1,000 to $12,000.

What is the current price range for Rental Homes in Armour Square?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Armour Square ranges from $1,000 to $12,000 with an average monthly rent of $3,123.

How much are larger Three and Four Bedroom Rentals in Armour Square?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Armour Square range from $1,485 to $16,820, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $6,200. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,195.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.