264 W 26th St
ChicagoIL60616
Cheap 1 Bedroom Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $1,200 (14 Rentals)
262 W 26th St
ChicagoIL60616
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from $1,3991 Bedroom Apartments Available Aug 1
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
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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.
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from $1,7801 Bedroom Apartments Available Jan 4, 2026
30 E Roosevelt Rd
30 E Roosevelt RdChicago, IL 60605
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from $1,8801 Bedroom Apartments Available Aug 11
1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
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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.
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Near South Side, Chicago, IL Local Guide
How much does it cost to rent an apartment in Near South Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near South Side Studio Apartments | $2,507 | $1,136 | $6,351 |
Near South Side 1 Bedroom Apartments | $2,935 | $1,200 | $9,750 |
| Near South Side 2 Bedroom Apartments | $4,577 | $1,380 | $10,000+ |
| Near South Side 3 Bedroom Apartments | $6,685 | $1,800 | $10,000+ |
| Near South Side 4 Bedroom Apartments | $4,184 | $1,235 | $10,000+ |
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Near South Side, Chicago, IL Local Guide
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Quick Rent Budget Calculator
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Frequently Asked Questions about Cheap Near South Side Apartments
What is a cheap apartment in Near South Side?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near South Side is under $1,937.
What is the price of a cheap apartment in Near South Side?
The cheapest apartment in Near South Side is Prairie Shores which is listed at $1,216, while the average apartment in Near South Side costs $6,536.
What types of apartments are the cheapest in Near South Side?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Near South Side that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Near South Side?
Cheap apartments in Near South Side have an average cost of $116 which is $6,420 cheaper than the average rent for all rentals in Near South Side.
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.
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.
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.
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.
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.