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Cheap Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $800 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near South Side area of Chicago.
Private bedroom in 4 bed/2.5 bath Home
1928 S Young Pkwy
ChicagoIL60616
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from $1,123Studio to 3 Bedroom Apartments Available Now
Prairie Shores
2937 South King DrChicago, IL 60616
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264 W 26th St
ChicagoIL60616
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from $1,353Studio to 4 Bedroom Apartments Available Now
Eden Commons
2701 S Indiana AveChicago, IL 60616
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Rent Specials
from $1,399Studio to 1 Bedroom Apartments Available Now
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
262 W 26th St
ChicagoIL60616
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 $1,550Studio to 2 Bedroom Apartments Available Now
30 East Roosevelt
30 E Roosevelt RdChicago, IL 60605
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from $1,819Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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from $1,670Studio to 3 Bedroom Apartments Available Jul 8
1400 Wabash
1400 S Wabash AveChicago, IL 60605
87 E 11th St
ChicagoIL60605
1210 S Michigan Ave
ChicagoIL60605
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from $1,824Studio to 2 Bedroom Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
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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from $2,0441 to 2 Bedroom Apartments Available Now
Astoria Tower
8 E 9th StChicago, IL 60605
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Showing Results 1-24, Page 1 of 1
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 | $2,577 | $1,123 | $6,205 |
| Near South Side 1 Bedroom Apartments | $3,019 | $1,300 | $9,750 |
| Near South Side 2 Bedroom Apartments | $4,612 | $1,640 | $10,000+ |
| Near South Side 3 Bedroom Apartments | $7,491 | $2,132 | $10,000+ |
| Near South Side 4 Bedroom Apartments | $5,693 | $1,025 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 1 mile radius of the Near South Side Neighborhood of Chicago, IL.
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Near South Side, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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Cheapest Available Near South Side Apartments for Rent
The cheapest available apartment rental in the Near South Side area of Chicago, IL is a 4 Beds unit found at 2423 State Street priced from $1,019. Prairie Shores has the second lowest priced unit, which is a Studio apartment currently listed from $1,123. Here are the most affordable Near South Side apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2423 State Street | Private Bedroom in Shared 4 Bed 3 Bath - A | 4BR,3BA | $1,019 |
| Prairie Shores | Classic Studio | Studio,1BA | $1,123 |
| Mccormick Coliving | Private Bedroom in Shared 4 Bed 3 Bath (E) | 4BR,3BA | $1,255 |
| 21st Street Lofts by 3L Living | Studio - B | Studio,1BA | $1,399 |
| Eden Commons | 1 Bedroom | 1BR,1BA | $1,498 |
Best Value Apartments for Rent in Near South Side, IL
As of June 13, 2025 the best value apartment in the Near South Side area is the $2.38 price per square foot 3 BED 2 BATH Model at Carriage House Lofts in the in the Near South Side neighborhood starting from $3,553. The second greatest value Near South Side apartment is the C2 Model at The Shelby starting at $3,229 with a $2.69 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carriage House Lofts | 3 BED 2 BATH | 3BR,2BA | $2.38 |
| The Shelby | C2 | 2BR,2BA | $2.69 |
| ELEVEN THIRTY | Tier 3/4 (2BR/2BA) | 2BR,2BA | $3.24 |
| Astoria Tower | Two Bedroom 10A | 2BR,2BA | $2.91 |
| Wells Place Apartments | 1 Bed 1 Bath A3 | 1BR,1BA | $3.05 |
| 1001 South State | One Bedroom 07 | 1BR,1BA | $3.36 |
| 1135 S Delano Ct E, Unit W327 | 1135 S Delano Ct E | 1BR,1BA | $3.19 |
| 1401 S. State | A17-R | 1BR,1BA | $3.29 |
| River City Apartments | 1 Bedroom Balcony | 1BR,1BA | $3.35 |
| Eden Commons | 1 Bedroom | 1BR,1BA | $2.42 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleNear South Side, Chicago, IL
Ranked #31
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Near South Side Apartments
What is the Cheapest Studio apartment in Near South Side?
Currently the most affordable Cheap Studio Apartment in Near South Side is at Prairie Shores listed at $1,123.
How much is rent for a Cheap One Bedroom Near South Side Apartment?
The lowest price for a Cheap One Bedroom Near South Side Apartment is $1,327 at Prairie Shores.
What is the lowest price for a Cheap Two Bedroom Near South Side Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Near South Side is starting from $1,716 at Prairie Shores.
What is the most affordable Near South Side Three Bedroom Apartment?
The best deal on a cheap Near South Side Three Bedroom Apartment rental is at Eden Commons and starts from $2,168.
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.