Cheap Apartments for Rent in the Douglas Neighborhood of Chicago, IL from $700 (14 Rentals)

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

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.

property at 264 W 26th St

264 W 26th St

ChicagoIL60616
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Lake Park Manor
2 to 4 Bedroom Apartments

Lake Park Manor

3601-3645 S Lake Park AveChicago, IL 60653
  • Utilities Included

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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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

427-439 E Oakwood BlvdChicago, IL 60653

Douglas, Chicago, IL Local Guide

Cheapest Available Douglas Apartments for Rent

 

The cheapest available apartment rental in the Douglas area of Chicago, IL is a Studio unit found at Lake Meadows Apartments priced from $995. 2423 State Street has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,019. Here are the most affordable Douglas apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Lake Meadows Apartmentslakem4-0b1aStudio,1BA$995
2423 State StreetPrivate Bedroom in Shared 4 Bed 3 Bath - A4BR,3BA$1,019
Lake Grove Village1B1BR,1BA$1,100
Mccormick ColivingPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$1,108
21st Street Lofts by 3L LivingStudio - BStudio,1BA$1,399

Best Value Apartments for Rent in Douglas, IL

As of June 04, 2025 the best value apartment in the Douglas area is the $1.07 price per square foot 3457 S Prairie Ave Model at 3457 S Prairie Ave, Unit 3 in the in the Douglas neighborhood starting from $1,600. The second greatest value Douglas apartment is the C2 Model at The Shelby starting at $3,154 with a $2.63 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Douglas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3457 S Prairie Ave, Unit 33457 S Prairie Ave3BR,1BA$1.07
The ShelbyC22BR,2BA$2.63
2943 S Canal St, Unit 22943 S Canal St1BR,1BA$1.50
3711 S Michigan Ave3711 S Michigan Ave3BR,1BA$2.05
1400 WabashT32BR,2BA$3.19
Arrive LEXAberdeen1BR,1BA$3.44
Eden Commons1 Bedroom1BR,1BA$2.39
Lake Grove Village1A1BR,1BA$1.78
Prairie ShoresClassic 1 Bed 1 Bath1BR,1BA$2.69
Lake Meadows Apartmentslakem9-0b1bStudio ,1BA$2.67

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Douglas, Chicago, IL

Ranked #64

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Douglas Apartments

What is a cheap apartment in Douglas?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Douglas is under $1,961.

What is the price of a cheap apartment in Douglas?

The cheapest apartment in Douglas is Lake Grove Village which is listed at $1,100, while the average apartment in Douglas costs $2,422.

What types of apartments are the cheapest in Douglas?

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 13 regular apartments in Douglas 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 Douglas?

Cheap apartments in Douglas have an average cost of $278 which is $2,144 cheaper than the average rent for all rentals in Douglas.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.