Cheap Homes for Rent in Midway Airport Neighborhood of Chicago, IL from $1,100 (9 Rentals)

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

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.

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.

Midway Airport, Chicago, IL Local Guide

Cheapest Available Midway Airport Apartments for Rent

 

The cheapest available apartment rental in the Midway Airport area of Chicago, IL is a Studio unit found at Midway priced from $950. Park Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,005. Here are the most affordable Midway Airport apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
MidwayStudioStudio,1BA$950
Park Place ApartmentsOner Bedroom 50%1BR,1BA$1,005
5835 W 63rd St1 bed 1 bath1BR,1BA$1,300

Best Value Apartments for Rent in Midway Airport, IL

As of July 06, 2026 the best value apartment in the Midway Airport area is the $1.36 price per square foot 5521 W 63rd Pl Model at 5521 W 63rd Pl, Unit Garden in the in the Clearing neighborhood starting from $1,975. The second greatest value Midway Airport apartment is the 6100 S Kildare Ave Model at 6100 S Kildare Ave, Unit #unit1 starting at $1,800 with a $1.50 price per square foot in the West Lawn neighborhood. Here is today’s list of the best values for Midway Airport apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5521 W 63rd Pl, Unit Garden5521 W 63rd Pl3BR,2BA$1.36
6100 S Kildare Ave, Unit #unit16100 S Kildare Ave3BR,1BA$1.50
6308 S Archer Ave, Unit First Floor6308 S Archer Ave3BR,2BA$1.54
6148 S Major Ave, Unit 26148 S Major Ave3BR,2BA$2.20
3913 W 47th St, Unit 3913 W 47th Street 1S3913 W 47th St2BR,1BA$1.45
Park Place ApartmentsTwo Bedroom 60%2BR,1BA$1.60
4824 S Lotus Ave, Unit G4824 S Lotus Ave2BR,1BA$1.87
MidwayGarden Unit2BR,1BA$2.00
4408 S Kilpatrick Ave, Unit Garden Appt4408 S Kilpatrick Ave1BR,1BA$1.19
5835 W 63rd St1 bed 1 bath1BR,1BA$2.17

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Midway Airport

What type of rentals are currently available in Midway Airport?

There are currently 165 Apartments for Rent in Midway Airport, IL with pricing that ranges from $750 to $16,640. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midway Airport ranging from $1,100 to $3,000.

What is the current price range for Rental Homes in Midway Airport?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Midway Airport ranges from $1,100 to $3,000 with an average monthly rent of $1,943.

How much are larger Three and Four Bedroom Rentals in Midway Airport?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Midway Airport range from $1,390 to $2,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $10,000.

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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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

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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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

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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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

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.

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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.