
Cheap Homes for Rent in Kenwood Neighborhood of Chicago, IL from $1,600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Kenwood area of Chicago.


1025 E Hyde Park Blvd, Unit 2s

1026 E Hyde Park Blvd, Unit 2S
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1024 E Hyde Park Blvd, Unit 1S

4800 S Chicago Beach Dr

1020 E Hyde Park Blvd, Unit 2
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

4340 S Berkeley Ave
Kenwood, Chicago, IL Local Guide

How much does it cost to rent a home in Kenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kenwood 2 Bedroom Homes for Rent | $2,331 | $1,650 | $2,850 |
| Kenwood 3 Bedroom Homes for Rent | $2,537 | $1,950 | $3,600 |
| Kenwood 4 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
| Kenwood 5 Bedroom Homes for Rent | $4,300 | $4,300 | $4,300 |
| Kenwood 6 Bedroom Homes for Rent | $4,700 | $4,700 | $4,700 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Kenwood Neighborhood of Chicago, IL.
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Cheapest Available Kenwood Apartments for Rent
 The cheapest available apartment rental in the Kenwood area of Chicago, IL is a Studio unit found at 5120 S. Hyde Park Boulevard priced from $985. 4901 S Drexel has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Kenwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5120 S. Hyde Park Boulevard | 5120-0bA | Studio,1BA | $985 |
| 4901 S Drexel | Studio Apartment Renovated | Studio,1BA | $1,100 |
| Woodlawn Terrace | wdtr0ba | Studio,1BA | $1,150 |
Best Value Apartments for Rent in Kenwood, IL
As of July 05, 2026 the best value apartment in the Kenwood area is the $1.89 price per square foot 5111k4ba Model at 5111 S. Kimbark Avenue in the in the Hyde Park neighborhood starting from $3,395. The second greatest value Kenwood apartment is the 3 bedroom Model at The Trilogy at Hyde Park starting at $2,509 with a $1.91 price per square foot in the Hyde Park neighborhood. Here is today’s list of the best values for Kenwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5111 S. Kimbark Avenue | 5111k4ba | 4BR,2BA | $1.89 |
| The Trilogy at Hyde Park | 3 bedroom | 3BR,2BA | $1.91 |
| Drexel Terrace | drxt-2bb | 2BR,1BA | $1.73 |
| 5053 S. Ellis Avenue | 5053-2bB | 2BR,1BA | $2.01 |
| Scholars Corner Apartments | 2 Bedrooms Floor Plan B1 | 2BR,1BA | $2.50 |
| Madison Park Apartments | 2 Bedrooms Floor Plan B2B | 2BR,2BA | $2.17 |
| 5020 S Woodlawn Ave | 1 Bedroom | 1BR,1BA | $1.73 |
| 1030 E 47th | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $2.54 |
| 4700 Lake Park Apartments | Studio | Studio ,1BA | $2.53 |
| 4901 S Drexel | Studio Apartment Renovated | Studio ,1BA | $2.32 |
Frequently Asked Questions about Kenwood
What type of rentals are currently available in Kenwood?
There are currently 249 Apartments for Rent in Kenwood, IL with pricing that ranges from $980 to $3,800. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kenwood ranging from $1,600 to $4,700.
What is the current price range for Rental Homes in Kenwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Kenwood ranges from $1,600 to $4,700 with an average monthly rent of $3,265.
How much are larger Three and Four Bedroom Rentals in Kenwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Kenwood range from $2,782 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,600. Four Bedroom Single-Family rentals are also available starting from $4,000 and Four Bedroom Apartments start at $3,395.
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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.