Cheap Apartments for Rent in the Far South Chicago Neighborhood of Chicago, IL from $500 (37 Rentals)

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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

property at 3711 E 98th St

$1,420 - $1,740

2 To 3 Bedroom Rentals

Available Now

3711 E 98th St

ChicagoIL60617
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11000 S Michigan Ave
Studio to 2 Bedroom Apartments

11000 S Michigan Ave

11000 S Michigan AveChicago, IL 60628
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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10901 S Vernon
1 to 3 Bedroom Apartments

10901 S Vernon

10901-10911 S Vernon AveChicago, IL 60628
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Baric Commons
1 to 3 Bedroom Apartments

Baric Commons

232 E 121st PlzChicago, IL 60628
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410 E 107th St
1 to 2 Bedroom Apartments

410 E 107th St

410 E 107th StChicago, IL 60628
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11214-18 S Indiana
Studio to 2 Bedroom Apartments

11214-18 S Indiana

11214-18 S Indiana AveChicago, IL 60628
  • Utilities Included
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10201 S St Lawrence
1 to 2 Bedroom Apartments

10201 S St Lawrence

10201 S Saint Lawrence AveChicago, IL 60628
  • Utilities Included
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222 E 109th
Studio to 2 Bedroom Apartments

222 E 109th

10848-10852 S Prairie AveChicago, IL 60628

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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11250 S Indiana
1 to 3 Bedroom Apartments

11250 S Indiana

11250-11256 S Indiana AveChicago, IL 60628
  • Utilities Included
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10901 S Vernon
1 to 3 Bedroom Apartments

10901 S Vernon

10901 S Vernon AveChicago, IL 60628
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10904 S Avenue D
Studio to 2 Bedroom Apartments

10904 S Avenue D

10904 S Avenue DChicago, IL 60617
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10719 S Calumet Ave
Studio to 3 Bedroom Apartments

10719 S Calumet Ave

10719 S Calumet AveChicago, IL 60628
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13256 S Prairie Ave
1 to 4 Bedroom Apartments

13256 S Prairie Ave

13256 S Prairie AveRiverdale, IL 60827

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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10 W 137th St
1 to 3 Bedroom Apartments

10 W 137th St

10 W 137th StRiverdale, IL 60827

Far South Chicago, Chicago, IL Local Guide

Cheapest Available Far South Chicago Apartments for Rent

 

The cheapest available apartment rental in the Far South Chicago area of Chicago, IL is a 1 Bed unit found at 12157 S Michigan Ave priced from $850. 11111 S Vernon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $960. Here are the most affordable Far South Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
12157 S Michigan Ave1 Bedroom Studio1BR,1BA$850
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$960
11214-18 S Indiana0BR/1.0BAStudio,1BA$975
10901 S Vernon2 Bedroom 1 Bath Apartment2BR,1BA$1,185
Harbor Point EstatesNew Champion Homes3BR,2BA$1,450

Best Value Apartments for Rent in Far South Chicago, IL

As of July 29, 2026 the best value apartment in the Far South Chicago area is the $1.12 price per square foot Double & Single Used Model at Harbor Point Estates in the in the South Chicago neighborhood starting from $1,450. The second greatest value Far South Chicago apartment is the 114 E 119th St Model at 114 E 119th St, Unit Apartment 1 starting at $1,650 with a $1.38 price per square foot in the South Chicago neighborhood. Here is today’s list of the best values for Far South Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
114 E 119th St, Unit Apartment 1114 E 119th St4BR,1BA$1.38
12157 S Michigan Ave1 Bedroom Studio1BR,1BA$1.00
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$1.54
11214-18 S Indiana0BR/1.0BAStudio ,1BA$1.95

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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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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Frequently Asked Questions about Cheap Far South Chicago Apartments

What is the price of a cheap apartment in Far South Chicago?

The cheapest apartment in Far South Chicago is 12157 S Michigan Ave which is listed at $850, while the average apartment in Far South Chicago costs $1,750.

How do the prices of cheap apartments compare to the average apartment in Far South Chicago?

Cheap apartments in Far South Chicago have an average cost of $106 which is $1,644 cheaper than the average rent for all rentals in Far South Chicago.

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.

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When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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