Cheap Homes for Rent in Kenwood Neighborhood of Chicago, IL from $1,700 (11 Rentals)

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

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property at 1143 E 50th St

1143 E 50th St

ChicagoIL60615

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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 4901 S Drexel Blvd priced from $985. Woodlawn Terrace has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here are the most affordable Kenwood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
4901 S Drexel BlvdStudio ApartmentStudio,1BA$985
Woodlawn Terracewdlw0bDrStudio,1BA$1,175
5020 S Woodlawn Ave1 Bedroom1BR,1BA$1,230
4455 S. Greenwood Avenue4455-0bAStudio,1BA$1,250
Madison Park Apartments1 Bedroom Floor Plan A21BR,1BA$1,337

Best Value Apartments for Rent in Kenwood, IL

As of November 14, 2025 the best value apartment in the Kenwood area is the $1.99 price per square foot 5111k4ba Model at 5111 S. Kimbark Avenue in the in the Hyde Park neighborhood starting from $3,575. The second greatest value Kenwood apartment is the 3 Beds, 2 baths Model at 4611 S Ellis Ave starting at $4,000 with a $2.50 price per square foot in the Armour Square neighborhood. Here is today’s list of the best values for Kenwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5111 S. Kimbark Avenue5111k4ba4BR,2BA$1.99
4611 S Ellis Ave3 Beds, 2 baths3BR,2BA$2.50
Scholars Corner Apartments2 Bedrooms Floor Plan B12BR,1BA$2.18
1030 E 47th St2 Bedrooms 1 Bath2BR,1BA$2.72
5034-5046 S. Woodlawn Avenue5034-1bc1BR,1BA$1.97
1101 E. Hyde Park Boulevard1101-1bb1BR,1BA$2.37
5020 S Woodlawn Ave1 Bedroom1BR,1BA$1.73
The Sutherlandsuthm-1bF1BR,1BA$2.82
The Trilogy at Hyde Park1 bedroom1BR,1BA$2.31
4455 S. Greenwood Avenue4455-0bAStudio ,1BA$2.66

Frequently Asked Questions about Kenwood

What type of rentals are currently available in Kenwood?

There are currently 250 Apartments for Rent in Kenwood, IL with pricing that ranges from $985 to $4,431. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kenwood ranging from $1,700 to $6,000.

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 $1,700 to $6,000 with an average monthly rent of $2,851.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.