Cheap Apartments for Rent in the Avalon Park Neighborhood of Chicago, IL from $500 (446 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Avalon Park 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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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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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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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Avalon Park, Chicago, IL Local Guide

Cheapest Available Avalon Park Apartments for Rent

 

The cheapest available apartment rental in the Avalon Park area of Chicago, IL is a Studio unit found at Highlands Tudor Manor - 55+ Community priced from $700. 2235 E 71st has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable Avalon Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
2235 E 71stStudio ApartmentStudio,1BA$780
7925 S PhillipsStudio ApartmentStudio,1BA$785
8702 S Escanaba Ave2Front2BR,1BA$850
8001 S Ellis1 Bedroom 1 Bath Apartment1BR,1BA$870
6904 S Cregier AveStudio ApartmentStudio,1BA$880
7917 S Drexel1 Bedroom 1 Bath Apartment1BR,1BA$895
8051 S Ingleside1 Bedroom 1 Bath Apartment with Dining1BR,1BA$895
7145 S IndianaStudio ApartmentStudio,1BA$895
7300 S Yates Blvd1 Bedroom 1 Bath Apartment1BR,1BA$895

Best Value Apartments for Rent in Avalon Park, IL

As of June 19, 2026 the best value apartment in the Avalon Park area is the $0.33 price per square foot 7536 S Phillips Ave Model at 7536 S Phillips Ave, Unit New York Property nest Inc. in the in the South Shore neighborhood starting from $2,000. The second greatest value Avalon Park apartment is the 3 Beds, 1 bath Model at 7234 S Jeffery Blvd starting at $1,850 with a $1.16 price per square foot in the South Shore neighborhood. Here is today’s list of the best values for Avalon Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7536 S Phillips Ave, Unit New York Property nest Inc.7536 S Phillips Ave3BR,1.5BA$0.33
7234 S Jeffery Blvd3 Beds, 1 bath3BR,1BA$1.16
7925 S Vernon Ave, Unit 37925 S Vernon Ave3BR,1.5BA$1.00
7944 S Lafayette Ave, Unit 27944 S Lafayette Ave2BR,1BA$0.89
7944 S Ellis AveUnit 13BR,1BA$1.15
9006 S Escanaba Ave2 Beds, 1 Baths2BR,1BA$1.02
LUELLA2/12BR,1BA$1.09
8014 S Maryland2 Bedroom 1 Bath Apartment2BR,1BA$1.14
7316 S Jeffery2 Bedroom 1 Bath Apartment2BR,1BA$1.17
7801 S Essex2 Bedroom 1 Bath Apartment2BR,1BA$1.13

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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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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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
Avalon Park, Chicago, IL

Ranked #47

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
Avalon Park, Chicago, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap Avalon Park Apartments

What is the Cheapest Studio apartment in Avalon Park?

Currently the most affordable Cheap Studio Apartment in Avalon Park is at Highlands Tudor Manor - 55+ Community listed at $700.

How much is rent for a Cheap One Bedroom Avalon Park Apartment?

The lowest price for a Cheap One Bedroom Avalon Park Apartment is $870 at 8001 S Ellis.

What is the lowest price for a Cheap Two Bedroom Avalon Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Avalon Park is starting from $850 at 8702 S Escanaba Ave.

What is the most affordable Avalon Park Three Bedroom Apartment?

The best deal on a cheap Avalon Park Three Bedroom Apartment rental is at 7131 S Yates and starts from $1,165.

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.

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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.

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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.

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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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.