Cheap Homes for Rent in Far South Chicago Neighborhood of Chicago, IL from $800 (9 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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.

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 13256 S Prairie Ave priced from $965. 410 E 107th St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,005. Here are the most affordable Far South Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
13256 S Prairie Ave1 Bedroom 1 Bath Apartment1BR,1BA$965
410 E 107th St2 Bedroom 1 Bath Apartment2BR,1BA$1,005
11143 S Martin Luther King Jr Dr1 Bedroom 1 Bath Apartment1BR,1BA$1,030

Best Value Apartments for Rent in Far South Chicago, IL

As of July 07, 2025 the best value apartment in the Far South Chicago area is the $1.25 price per square foot 9357 S Burnside Ave Model at 9357 S Burnside Ave, Unit 2 in the in the South Chicago neighborhood starting from $2,000. The second greatest value Far South Chicago apartment is the 4 Bedroom Townhouse Model at Lakes Apartments starting at $1,535 with a $1.09 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.
9357 S Burnside Ave, Unit 29357 S Burnside Ave5BR,1BA$1.25
Lakes Apartments4 Bedroom Townhouse4BR,1.5BA$1.09
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
9524 S Commercial Ave, Unit 2nd floor front9524 S Commercial Ave3BR,1BA$1.11
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
9427 S Ewing Ave, Unit 19427 S Ewing AveStudio ,1BA$1.00
410 E 107th St2 Bedroom 1 Bath Apartment2BR,1BA$1.39
13256 S Prairie Ave1 Bedroom 1 Bath Apartment1BR,1BA$1.67
11143 S Martin Luther King Jr Dr1 Bedroom 1 Bath Apartment1BR,1BA$1.94

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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 155 Apartments for Rent in Far South Chicago, IL with pricing that ranges from $800 to $2,400. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Far South Chicago ranging from $895 to $3,497.

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 $895 to $3,497 with an average monthly rent of $2,092.

How much are larger Three and Four Bedroom Rentals in Far South Chicago?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Far South Chicago range from $1,000 to $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $1,535.

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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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.

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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.