
Cheap Studio Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $1,175 (32 Rentals)


Eden Commons

21st Street Lofts by 3L Living

463 W 23rd Pl

820 Michigan by 3L Living

1620 S Michigan Ave

1255 S State St, Unit 15B, Unit 15B
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

1120 S Michigan Ave, Unit 1404

1407 on Michigan

Total Monthly Price
Coeval

Park Michigan - 1212 S Michigan Ave

65 E 14th St

1000 S Michigan Ave, Unit SI FL25-ID1349

Eleven40

Astoria Tower
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

River City Apartments

1171 S Michigan Ave

Total Monthly Price
1001 South State

The Elle Apartments

Total Monthly Price
1400 Wabash

11 E 9th St

1304 S Michigan Ave

1400 S Michigan Ave, Unit 27G, Unit 27G
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.

NEMA Chicago

1000 South Clark

1407 S Michigan Ave, Unit SI FL8-ID761

1407 S Michigan Ave, Unit SI FL12-ID856

1251 S Michigan - Senior Living

899 S Plymouth Ct

ELEVEN THIRTY

AMLI 900
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.
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 | $2,133 | $1,175 | $3,168 |
| Near South Side 1 Bedroom Apartments | $2,704 | $1,272 | $6,583 |
| Near South Side 2 Bedroom Apartments | $3,652 | $1,290 | $10,000+ |
| Near South Side 3 Bedroom Apartments | $6,780 | $1,798 | $10,000+ |
| Near South Side 4 Bedroom Apartments | $12,574 | $8,655 | $10,000+ |
Explore Chicago
Near South Side, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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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.
Read ArticleDon'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
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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 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 $1,175.
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 $1,175 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 $1,175 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 Prairie Shores and starts from $1,175.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.
