Cheap Apartments for Rent in the Far South Chicago Neighborhood of Chicago, IL from $500 (9 Rentals)

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

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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
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12157 S Michigan Ave
1 Bedroom Apartments

12157 S Michigan Ave

12157 S Michigan AveChicago, IL 60628
Corporate Housing
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10901 S Vernon
1 to 2 Bedroom Apartments

10901 S Vernon

10901-10911 S Vernon AveChicago, IL 60628

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Baric Commons
1 to 2 Bedroom Apartments

Baric Commons

232 E 121st PlzChicago, IL 60628

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 2 Beds unit found at Lakes Apartments priced from $1,170. 10 W 137th ST has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,315. Here are the most affordable Far South Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Lakes Apartments2 Bedroom Apartment2BR,1BA$1,170
10 W 137th ST2 Bedroom 1 Bath Apartment2BR,1BA$1,315
Harbor Point EstatesNew Champion Homes3BR,2BA$1,450

Best Value Apartments for Rent in Far South Chicago, IL

As of August 03, 2025 the best value apartment in the Far South Chicago area is the $0.83 price per square foot 10053 S Forest Ave Model at 10053 S Forest Ave, Unit #3 in the in the Pullman neighborhood starting from $1,500. The second greatest value Far South Chicago apartment is the Double & Single Used Model at Harbor Point Estates starting at $1,450 with a $1.12 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.
10053 S Forest Ave, Unit #310053 S Forest Ave2BR,1BA$0.83
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
13413 S Carondolet Ave, Unit 113413 S Carondolet Ave3BR,1BA$2.00
9524 S Commercial Ave, Unit 2nd floor front9524 S Commercial Ave3BR,1BA$1.33
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
Lakes Apartments2 Bedroom Townhouse2BR,1.5BA$1.60
10 W 137th ST2 Bedroom 1 Bath Apartment2BR,1BA$1.59
11214-18 S Indiana0BR/1.0BAStudio ,1BA$2.64

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Pet Friendly Lifestyle
Far South Chicago, Chicago, IL

Ranked #146

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Far South Chicago Neighborhood in Chicago, IL

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

46 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Far South Chicago Apartments

What is the lowest price for a Cheap Two Bedroom Far South Chicago Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Far South Chicago is starting from $1,170 at Lakes Apartments.

What is the most affordable Far South Chicago Three Bedroom Apartment?

The best deal on a cheap Far South Chicago Three Bedroom Apartment rental is at Harbor Point Estates and starts from $1,450.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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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.