Cheap Homes for Rent in Armour Square Neighborhood of Chicago, IL from $900 (31 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 321 W 24th St

$1,375 - $1,400

2 Bedroom Rentals

Available Now

321 W 24th St

ChicagoIL60616

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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property at 4332 S Hermitage Ave

$1,500

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 1 Bath Home for Rent

Available Now

4332 S Hermitage Ave

ChicagoIL60609

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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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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Showing Results 1-31, Page 1 of 1

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. Lake Meadows Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. 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
Lake Meadows Apartmentslakem2-0b1aStudio,1BA$1,015
4720 S Drexel Blvd Chicago, IL 60615Studio ApartmentStudio,1BA$1,040
4721 S. Ellis Avenueells0bBStudio,1BA$1,040
Prairie ShoresClassic StudioStudio,1BA$1,133
Woodlawn Terracewdlw0bDrStudio,1BA$1,170
Lake Grove Village1B1BR,1BA$1,218
Addams ColivingUnit 2074BR,4BA$1,250
Prairie CoLivingPrivate bedroom with en-suite bathroom1BR,1BA$1,350

Best Value Apartments for Rent in Armour Square, IL

As of April 27, 2026 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
3935 S Wells St, Unit 13935 S Wells St4BR,4BA$1.60
3935 S Wells St, Unit 13935 S Wells St4BR,4BA$1.60
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
3139 S Parnell Ave, Unit 13139 S Parnell AveStudio ,1BA$1.55
260 W 24th Pl, Unit BR260 W 24th Pl2BR,1BA$1.61
Coleman Place At Legends SouthThe Burnham1BR,1BA$1.20

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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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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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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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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 Armour Square

What type of rentals are currently available in Armour Square?

There are currently 1274 Apartments for Rent in Armour Square, IL with pricing that ranges from $1,015 to $11,759. There are also 198 Single Family Homes for rent, Condos, and Townhome rentals currently available in Armour Square ranging from $910 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 $910 to $12,000 with an average monthly rent of $2,934.

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 $1,550 to $11,759, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $6,000. Four Bedroom Single-Family rentals are also available starting from $910 and Four Bedroom Apartments start at $1,160.

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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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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.