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$1,143 - $6,202Studio to 3 Bedroom Apartments Available Now
Prairie Shores
2937 South King DrChicago, IL 60616
Cheap Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $800 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near South Side area of Chicago.
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$1,227 - $2,248Studio to 4 Bedroom Apartments Available Now
Eden Commons
2701 S Indiana AveChicago, IL 60616
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$1,3501 Bedroom Apartments Available Now
Prairie CoLiving
2423 S State StChicago, IL 60616
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$1,399 - $1,829Studio to 1 Bedroom Apartments Available Now
21st Street Lofts
61 E 21st StChicago, IL 60616
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$1,599 - $2,699Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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$1,750 - $1,850
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,690 - $1,790
Required Monthly Fees
$60
Total Monthly Price
$1,750 - $1,850
The Roosevelt
30 E Roosevelt RdChicago, IL 60605
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1 to 3 Bedroom Apartments
Hilliard Towers Family One
2031 S Clark StChicago, IL 60616
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.
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1 to 3 Bedroom Apartments
Hilliard Towers Family II
2030 S State StChicago, IL 60616
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1 to 4 Bedroom Apartments
McCormick CoLiving
2401 S State StChicago, IL 60616
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1 to 3 Bedroom Apartments
Hilliard Towers Senior Apartments One
2111 S Clark StChicago, IL 60616
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1 to 3 Bedroom Apartments
Hilliard Towers Senior Apartments
30 W Cermak RdChicago, IL 60616
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Studio to 1 Bedroom Apartments
1251 S Michigan - Senior Living
1251 S Michigan AveChicago, IL 60605
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2 to 3 Bedroom Apartments
2001 S State St
2001 S State StChicago, IL 60616
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Studio to 3 Bedroom Apartments
Vesta Lofts Apartments
125 E 21st StChicago, IL 60616
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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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 | $2,126 | $1,143 | $6,511 |
| Near South Side 1 Bedroom Apartments | $2,764 | $1,208 | $6,722 |
| Near South Side 2 Bedroom Apartments | $3,767 | $1,637 | $10,000+ |
| Near South Side 3 Bedroom Apartments | $5,823 | $1,744 | $10,000+ |
| Near South Side 4 Bedroom Apartments | $9,887 | $2,149 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 14 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
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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 Studio unit found at Prairie Shores priced from $1,143. Eden Commons has the second lowest priced unit, which is a Studio apartment currently listed from $1,227. Here are the most affordable Near South Side apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prairie Shores | Classic Studio | Studio,1BA | $1,143 |
| Eden Commons | Studio | Studio,1BA | $1,227 |
| Prairie CoLiving | Private bedroom with en-suite bathroom | 1BR,1BA | $1,350 |
| 21st Street Lofts | Studio - B | Studio,1BA | $1,419 |
| The Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Near South Side, IL
As of March 22, 2026 the best value apartment in the Near South Side area is the $2.30 price per square foot 3 BED 2 BATH Model at Carriage House Lofts in the in the Near South Side neighborhood starting from $3,422. The second greatest value Near South Side apartment is the 1 Bed 1 Bath A4 Model at Wells Place Apartments starting at $2,577 with a $2.84 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 | $2.30 |
| Wells Place Apartments | 1 Bed 1 Bath A4 | 1BR,1BA | $2.84 |
| 1401 S. State | A20-R | 1BR,1BA | $2.93 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| The Shelby | A2 | 1BR,1BA | $2.84 |
| 1619 S Michigan Ave | 1619 S Michigan Ave | 1BR,1BA | $3.63 |
| The Roosevelt | ER_1x1 | 1BR,1BA | $3.03 |
| River City Apartments | Studio | Studio ,1BA | $3.57 |
| Eden Commons | Studio | Studio ,1BA | $2.62 |
| Prairie Shores | Renovated Studio | Studio ,1BA | $3.36 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleBest 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
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA 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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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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Pet Friendly LifestyleNear South Side, Chicago, IL
Ranked #36
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $2,027.
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 $1,350, while the average apartment in Near South Side costs $8,655.
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 27 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 $434 which is $8,221 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.
Helpful Local Expert Guides
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.
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.
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.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.