Cheap Studio Apartments for Rent in the Near South Side Neighborhood of Chicago, IL from $946 (38 Rentals)

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

property at 1400 S Michigan Ave
$2,050

Total Monthly Price

Base Rent$2,050

Total Monthly Price$2,050
Studio, 1 Bath Condo for Rent
Available Now
Affordability

1400 S Michigan Ave, Unit 27G

1400 S Michigan Ave
ChicagoIL60605
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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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Coeval
$2,075 - $2,530

Total Monthly Price

Base Rent$2,075 - $5,668

Total Monthly PriceVaries
Studio Apartments Available Dec 23

Coeval

51 E 14th StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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1400 Wabash
$2,193 - $2,492

Total Monthly Price

Base Rent$2,193 - $7,568

Total Monthly PriceVaries
Studio Apartments Available Oct 5

1400 Wabash

1400 S Wabash AveChicago, IL 60605
Corporate Housing
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  • 3D Tour
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1401 S. State
$2,254 - $14,704

Total Monthly Price

Base Rent$2,260 - $24,461

Total Monthly PriceVaries
Studio Apartments Available Sep 22

1401 S. State

1401 S State StChicago, IL 60605
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

property at 1201 S Prairie Ave
$2,308

Total Monthly Price

Base Rent$2,308 - $4,564

Total Monthly Price$2,308 - $4,564
Studio Condos for Rent
Available Sep 28
Luxury

1201 S Prairie Ave

ChicagoIL60605
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1001 South State
Rent Specials
$2,372 - $7,023

Total Monthly Price

Base Rent$2,427 - $11,448

Total Monthly PriceVaries
Studio Apartments Available Sep 28

1001 South State

1001 S State StChicago, IL 60605
Corporate Housing
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property at 899 S Plymouth Ct
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
Studio, 1 Bath Condo for Rent
Available Now
Affordability

899 S Plymouth Ct, Unit 1602

899 S Plymouth Ct
ChicagoIL60605

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

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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AMLI 900
Studio Apartments

AMLI 900

900 S Clark StChicago, IL 60605
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ELEVEN THIRTY
Studio Apartments

ELEVEN THIRTY

1130 S Michigan AveChicago, IL 60605

Near South Side, Chicago, IL Local Guide

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

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

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick 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.

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Pet Friendly Lifestyle
Near South Side, Chicago, IL

Ranked #36

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 $2,225.

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 $946, while the average apartment in Near South Side costs $2,789.

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 38 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 $276 which is $2,513 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

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

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

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.