Cheap Homes for Rent in Armour Square Neighborhood of Chicago, IL from $700 (36 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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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 2423 State Street priced from $1,019. 4721 S. Ellis Avenue has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Armour Square apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
2423 State StreetPrivate Bedroom in Shared 4 Bed 3 Bath - A4BR,3BA$1,019
4721 S. Ellis Avenueells0bdStudio,1BA$1,025
Lake Meadows Apartmentslakem5-0b1aStudio,1BA$1,050
Prairie ShoresClassic StudioStudio,1BA$1,071
4720 S Drexel BlvdStudio ApartmentStudio,1BA$1,095
Lake Grove Village1B1BR,1BA$1,100
Mccormick ColivingPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$1,108
Woodlawn Terracewdlw0bDrStudio,1BA$1,110
4455 S. Greenwood Avenue4455-0bAStudio,1BA$1,195

Best Value Apartments for Rent in Armour Square, IL

As of July 30, 2025 the best value apartment in the Armour Square area is the $0.26 price per square foot 1907 S Racine Ave Model at 1907 S Racine Ave, Unit # 02F in the in the University Village neighborhood starting from $2,550. The second greatest value Armour Square apartment is the 3935 S Wells St Model at 3935 S Wells St, Unit 1 starting at $5,000 with a $1.67 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.
1907 S Racine Ave, Unit # 02F1907 S Racine Ave2BR,2BA$0.26
3935 S Wells St, Unit 13935 S Wells St5BR,4BA$1.67
4339 S Evans Ave, Unit Unit24339 S Evans Ave3BR,2.5BA$1.20
4114 S Michigan Ave, Unit GS4114 S Michigan Ave3BR,2BA$1.32
3714 S Hermitage Ave, Unit 13714 S Hermitage Ave3BR,2BA$1.66
2926 S Wallace St, Unit 3R2926 S Wallace St2BR,1BA$1.32
1948 S Desplaines St, Unit 11948 S Desplaines St2BR,1BA$1.68
260 W 24th Pl, Unit BR260 W 24th Pl2BR,1BA$1.73
1720 S Clinton St, Unit Coach House1720 S Clinton St1BR,1BA$1.88
Lake Grove Village1A1BR,1BA$1.78

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Frequently Asked Questions about Armour Square

What type of rentals are currently available in Armour Square?

There are currently 1305 Apartments for Rent in Armour Square, IL with pricing that ranges from $900 to $16,678. There are also 284 Single Family Homes for rent, Condos, and Townhome rentals currently available in Armour Square ranging from $735 to $8,250.

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 $735 to $8,250 with an average monthly rent of $2,510.

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 $1,400 to $15,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $7,200. Four Bedroom Single-Family rentals are also available starting from $860 and Four Bedroom Apartments start at $1,160.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.