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Rent Specials
$1,004 - $15,184Studio 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 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near South Side area of Chicago.
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264 W 26th St
ChicagoIL60616
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$1,311 - $2,374Studio to 4 Bedroom Apartments Available Now
Eden Commons
2701 S Indiana AveChicago, 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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$1,412 - $1,829Studio to 1 Bedroom Apartments Available Now
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
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$1,721 - $3,376Studio to 2 Bedroom Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
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$1,726 - $2,849Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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$1,750 - $2,1001 to 2 Bedroom Apartments Available Now
30 East Roosevelt
30 E Roosevelt RdChicago, IL 60605
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The 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.
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Cash 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.
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Showing Results 1-21, 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 | $2,473 | $1,004 | $9,067 |
| Near South Side 1 Bedroom Apartments | $2,940 | $1,101 | $9,750 |
| Near South Side 2 Bedroom Apartments | $3,944 | $1,580 | $10,000+ |
| Near South Side 3 Bedroom Apartments | $6,066 | $1,955 | $10,000+ |
| Near South Side 4 Bedroom Apartments | $3,194 | $1,235 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 21 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 $1,004. 2423 State Street has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,019. 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 | $1,004 |
| 2423 State Street | Private Bedroom in Shared 4 Bed 3 Bath - A | 4BR,3BA | $1,019 |
| Mccormick Coliving | Private Bedroom in Shared 4 Bed 3 Bath (D) | 4BR,3BA | $1,108 |
| 21st Street Lofts by 3L Living | Studio - A | Studio,1BA | $1,482 |
| 820 Michigan by 3L Living | Studio North | Studio,1BA | $1,726 |
Best Value Apartments for Rent in Near South Side, IL
As of August 02, 2025 the best value apartment in the Near South Side area is the $2.33 price per square foot 2000 S Wabash Ave Model at 2000 S Wabash Ave, Unit 2 in the in the Near South Side neighborhood starting from $2,800. The second greatest value Near South Side apartment is the 2 Bed 2 Bath B4 Model at Wells Place Apartments starting at $3,075 with a $2.71 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. |
|---|---|---|---|
| 2000 S Wabash Ave, Unit 2 | 2000 S Wabash Ave | 3BR,1BA | $2.33 |
| Wells Place Apartments | 2 Bed 2 Bath B4 | 2BR,2BA | $2.71 |
| River City Apartments | 2 BR Standard | 2BR,2BA | $3.12 |
| Eden Commons | Three Bedroom One Bath | 3BR,1BA | $2.07 |
| The Shelby | A3 | 1BR,1BA | $2.56 |
| Carriage House Lofts | 1 BED 1 BATH | 1BR,1BA | $2.29 |
| Arrive South Loop | Ogden Loft | 2BR,2BA | $3.15 |
| 260 W 24th Pl, Unit 3R | 260 W 24th Pl | 2BR,1BA | $1.98 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.03 |
| Prairie Shores | Renovated Studio | Studio ,1BA | $2.99 |
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Pet Friendly LifestyleNear South Side, Chicago, IL
Ranked #34
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 $2,001.
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 $1,101, while the average apartment in Near South Side costs $7,145.
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 18 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 $158 which is $6,987 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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.