Cheap Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $800 (79 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near South Side area of Chicago.

property at 2605 S Indiana Ave

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675
Total Monthly Price
$1,675

1 Bedroom, 1 Bath Condo for Rent

Available Now

2605 S Indiana Ave, Unit 1 bedroom

2605 S Indiana Ave
ChicagoIL60616

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property at 871 S Clark St

$2,000

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605
property at 1400 S Michigan Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

1400 S Michigan Ave, Unit 27G

1400 S Michigan Ave
ChicagoIL60605

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Coeval
$2,054 - $5,635
Total Monthly Price

Total Monthly Price

Base Rent
$2,054 - $5,635
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Coeval

51 E 14th StChicago, IL 60605
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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1400 Wabash
$2,140 - $7,568
Total Monthly Price

Total Monthly Price

Base Rent
$2,140 - $7,568
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Aug 27

1400 Wabash

1400 S Wabash AveChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

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property at 1307 S Wabash Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

1307 S Wabash Ave, Unit 305

1307 S Wabash Ave
ChicagoIL60605

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

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Near South Side, Chicago, IL Local Guide

Cheapest Available Near South Side Apartments for Rent

 

The cheapest available apartment rental in the Near South Side area of Chicago, IL is a Studio unit found at Prairie Shores priced from $1,066. Prairie CoLiving has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Near South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Prairie ShoresClassic StudioStudio,1BA$1,066
Prairie CoLivingPrivate bedroom with en-suite bathroom1BR,1BA$1,150
21st Street Lofts by 3L LivingStudio - CStudio,1BA$1,429
30 East RooseveltER_1x11BR,1BA$1,750
Eden CommonsTwo Bedroom2BR,1BA$1,770
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,817
Park Michigan - 1212 S Michigan AveStudio 1ba 05Studio,1BA$1,915
Astoria TowerStudio 08AStudio,1BA$1,979
820 Michigan by 3L Living1 Bedroom North1BR,1BA$2,079
Carriage House Lofts1 BED 1 BATH1BR,1BA$2,199

Best Value Apartments for Rent in Near South Side, IL

As of August 20, 2026 the best value apartment in the Near South Side area is the $1.67 price per square foot 5B2B Model at 2010 S. Wabash Ave in the in the Near South Side neighborhood starting from $3,500. The second greatest value Near South Side apartment is the 3 Bed Model at Vesta Lofts Apartments starting at $2,900 with a $2.22 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Near South Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2010 S. Wabash Ave5B2B5BR,2BA$1.67
Vesta Lofts Apartments3 Bed3BR,2BA$2.22
The ShelbyC32BR,2BA$2.81
2001 S State St3 Bed/2 Bath3BR,2BA$2.36
Arrive South LoopBrighton Loft2BR,2BA$3.00
2101 Michigan3 Bed 1 Bath3BR,1BA$3.14
Carriage House Lofts1 BED 1 BATH1BR,1BA$2.42
Eden CommonsTwo Bedroom2BR,1BA$2.26
1401 S. StateA20-R1BR,1BA$3.18
30 East RooseveltER_1x11BR,1BA$3.03

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

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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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Pet Friendly Lifestyle
Near South Side, Chicago, IL

Ranked #38

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $2,199.

What is the price of a cheap apartment in Near South Side?

The cheapest apartment in Near South Side is Prairie CoLiving which is listed at $1,150, while the average apartment in Near South Side costs $2,768.

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 16 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 $271 which is $2,497 cheaper than the average rent for all rentals in Near South Side.

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.

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