Cheap Homes for Rent in the Near South Side Neighborhood of Chicago, IL from $1,100 (63 Rentals)

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

property at 40 E 9th St

$2,500

Studio To 1 Bedroom Rentals

Available Now

40 E 9th St

ChicagoIL60605
property at 1255 S State St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

Studio, 1 Bath Condo for Rent

Available Aug 1

1255 S State St, Unit 15B

1255 S State St
ChicagoIL60605

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.

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property at 1400 S Michigan Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

1400 S Michigan Ave, Unit 27G

1400 S Michigan Ave
ChicagoIL60605

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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!

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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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property at 871 S Clark St

$2,195

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at Prairie CoLiving priced from $1,150. Prairie Shores has the second lowest priced unit, which is a Studio apartment currently listed from $1,167. Here are the most affordable Near South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Prairie CoLivingPrivate bedroom with en-suite bathroom1BR,1BA$1,150
Prairie ShoresClassic StudioStudio,1BA$1,167
21st Street Lofts by 3L LivingStudio - CStudio,1BA$1,429
Astoria TowerStudio 08AStudio,1BA$1,722
2101 MichiganStudioStudio,1BA$1,815
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,859
Park Michigan - 1212 S Michigan AveStudio 1ba 04Studio,1BA$1,906
30 East RooseveltER_2x12BR,1BA$2,100
AMLI 900SportyStudio,1BA$2,178
2001 S State St2 Bed/2 Bath2BR,2BA$2,195

Best Value Apartments for Rent in Near South Side, IL

As of July 30, 2026 the best value apartment in the Near South Side area is the $2.22 price per square foot 3 Bed Model at Vesta Lofts Apartments in the in the Near South Side neighborhood starting from $2,900. The second greatest value Near South Side apartment is the C3 Model at The Shelby starting at $3,575 with a $2.81 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.
Vesta Lofts Apartments3 Bed3BR,2BA$2.22
The ShelbyC32BR,2BA$2.81
Carriage House Lofts2 BED 2 BATH LOFT STYLE2BR,2BA$2.33
1401 S. StateB4-R2BR,2BA$3.14
Wells Place Apartments1 Bed 1 Bath A41BR,1BA$3.17
30 East RooseveltER_2x12BR,1BA$2.38
2001 S State St2 Bed /1 Bath2BR,1BA$2.74
ONE333One Bedroom a41BR,1BA$3.33
Aspireasp1b121BR,1BA$3.37
Prairie ShoresClassic StudioStudio ,1BA$2.92

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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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 #38

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 220 Apartments for Rent in Near South Side, IL with pricing that ranges from $1,150 to $16,459. There are also 204 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near South Side ranging from $1,160 to $6,900.

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 $1,160 to $6,900 with an average monthly rent of $2,817.

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 $1,640 to $10,739, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,275 to $6,900. Four Bedroom Single-Family rentals are also available starting from $1,160 and Four Bedroom Apartments start at $2,800.

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

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

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.

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

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.