Cheap Homes for Rent in Far South Chicago Neighborhood of Chicago, IL from $1,100 (13 Rentals)

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

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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Navigating the Rental Market: Tips for First-Time Renters

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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 222 E 109th St priced from $1,040. Lakes Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable Far South Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
222 E 109th St1 Bedroom1BR,1BA$1,040
Lakes Apartments2 Bedroom Apartment2BR,1BA$1,195
Harbor Point EstatesNew Champion Homes3BR,2BA$1,450

Best Value Apartments for Rent in Far South Chicago, IL

As of May 11, 2025 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 10021 S Exchange Ave Model at 10021 S Exchange Ave, Unit 2 starting at $1,150 with a $0.96 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
10021 S Exchange Ave, Unit 210021 S Exchange Ave2BR,1BA$0.96
11309 S Edbrooke Ave, Unit New 3 Bedroom11309 S Edbrooke Ave3BR,1BA$1.75
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
Lakes Apartments2 Bedroom Apartment2BR,1BA$1.41
222 E 109th St1 Bedroom1BR,1BA$1.35

Quick Rent Budget Calculator

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Frequently Asked Questions about Far South Chicago

What type of rentals are currently available in Far South Chicago?

There are currently 161 Apartments for Rent in Far South Chicago, IL with pricing that ranges from $800 to $2,095. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Far South Chicago ranging from $1,170 to $2,600.

What is the current price range for Rental Homes in Far South Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Far South Chicago ranges from $1,170 to $2,600 with an average monthly rent of $1,856.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.