Cheap Homes for Rent in Near South Side Neighborhood of Chicago, IL from $1,000 (85 Rentals)

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Search the lowest-cost Homes available for rent right now in the Near South Side area of Chicago.

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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property at 40 E 9th St

40 E 9th St

ChicagoIL60605
property at 871 S Clark St

871 S Clark St

ChicagoIL60605

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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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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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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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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Near South Side, Chicago, IL Local Guide

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 $1,014. Prairie CoLiving has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,122. Here are the most affordable Near South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Prairie ShoresClassic StudioStudio,1BA$1,014
Prairie CoLivingPrivate bedroom with en-suite bathroom1BR,1BA$1,122
McCormick CoLivingEnsuite4BR,3BA$1,147
Eden CommonsStudioStudio,1BA$1,368
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,706
820 Michigan by 3L LivingStudio NorthStudio,1BA$1,729
21st Street Lofts by 3L LivingOne Bed Loft - E1BR,1BA$1,739
2101 MichiganStudioStudio,1BA$1,744
30 East RooseveltER_1x11BR,1BA$1,750
Eleven40S3Studio,1BA$1,819

Best Value Apartments for Rent in Near South Side, IL

As of November 03, 2025 the best value apartment in the Near South Side area is the $2.35 price per square foot 3 BED 2 BATH Model at Carriage House Lofts in the in the Near South Side neighborhood starting from $3,505. The second greatest value Near South Side apartment is the C2 Model at The Shelby starting at $3,311 with a $2.76 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage House Lofts3 BED 2 BATH3BR,2BA$2.35
The ShelbyC22BR,2BA$2.76
1462 S Michigan Ave, Unit 22031462 S Michigan Ave2BR,2BA$2.29
1401 S. StateB1-R2BR,2BA$2.79
320 E 21st St, Unit 503320 E 21st St2BR,1BA$2.70
River City Apartments1 BR Deluxe1BR,1BA$3.24
30 East RooseveltER_1x11BR,1BA$3.03
21st Street Lofts by 3L LivingOne Bed Loft - E1BR,1BA$3.04
Eden CommonsStudioStudio ,1BA$2.92
Prairie ShoresRenovated StudioStudio ,1BA$3.03

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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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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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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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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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 #30

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 Near South Side

What type of rentals are currently available in Near South Side?

There are currently 217 Apartments for Rent in Near South Side, IL with pricing that ranges from $1,014 to $34,436. There are also 233 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near South Side ranging from $1,010 to $8,250.

What is the current price range for Rental Homes in Near South Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Near South Side ranges from $1,010 to $8,250 with an average monthly rent of $2,596.

How much are larger Three and Four Bedroom Rentals in Near South Side?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Near South Side range from $1,856 to $18,833, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,010 and Four Bedroom Apartments start at $1,275.

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.