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
Student Housing
  • Utilities Included

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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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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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9600 S Avenue L
1 to 2 Bedroom Apartments

9600 S Avenue L

9600 S Avenue LChicago, IL 60617

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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 11111 S Vernon Chicago, IL 60628 priced from $980. 222 E 109th St Chicago, IL 60628 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,070. Here are the most affordable Far South Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
11111 S Vernon Chicago, IL 606281 Bedroom 1 Bath Apartment1BR,1BA$980
222 E 109th St Chicago, IL 606281 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,070
13300 S Indiana Chicago, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1,215

Best Value Apartments for Rent in Far South Chicago, IL

As of January 23, 2026 the best value apartment in the Far South Chicago area is the $1.29 price per square foot 13853 Forest Ave Model at 13853 Forest Ave, Unit Garden Section 8 welcome in the in the College District neighborhood starting from $1,930. The second greatest value Far South Chicago apartment is the 10422 S Avenue L Model at 10422 S Avenue L, Unit Upper starting at $1,600 with a $1.23 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.
13853 Forest Ave, Unit Garden Section 8 welcome13853 Forest Ave2BR,1BA$1.29
10422 S Avenue L, Unit Upper10422 S Avenue L2BR,1BA$1.23
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
9351 S University Ave, Unit Basement9351 S University Ave1BR,1BA$0.70
9752 S Avenue J9752 S Avenue J2BR,1BA$1.30
13300 S Indiana Chicago, IL 608272 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.44
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
10 W 137th ST Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1.61
222 E 109th St Chicago, IL 606281 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.54
11111 S Vernon Chicago, IL 606281 Bedroom 1 Bath Apartment1BR,1BA$1.57

Frequently Asked Questions about Cheap Far South Chicago Apartments

How much is rent for a Cheap One Bedroom Far South Chicago Apartment?

The lowest price for a Cheap One Bedroom Far South Chicago Apartment is $980 at 11111 S Vernon Chicago, IL 60628.

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 $1,215 at 13300 S Indiana Chicago, IL 60827.

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

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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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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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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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.