Cheap Homes for Rent in Near South Side Neighborhood of Chicago, IL from $900 (45 Rentals)

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

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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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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property at 871 S Clark St

871 S Clark St

ChicagoIL60605

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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property at 883 S Clark St

883 S Clark St

ChicagoIL60605

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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 4 Beds unit found at 2423 State Street priced from $1,019. Prairie Shores has the second lowest priced unit, which is a Studio apartment currently listed from $1,071. Here are the most affordable Near South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
2423 State StreetPrivate Bedroom in Shared 4 Bed 3 Bath - A4BR,3BA$1,019
Prairie ShoresClassic StudioStudio,1BA$1,071
Mccormick ColivingPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$1,108
21st Street Lofts by 3L LivingStudio - BStudio,1BA$1,412
820 Michigan by 3L LivingStudio NorthStudio,1BA$1,726
Eden CommonsTwo Bedroom2BR,1BA$1,741
30 East RooseveltER_1x11BR,1BA$1,750
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,792
Astoria TowerStudio 08AStudio,1BA$1,904

Best Value Apartments for Rent in Near South Side, IL

As of July 28, 2025 the best value apartment in the Near South Side area is the $2.73 price per square foot C2 Model at The Shelby in the in the Near South Side neighborhood starting from $3,279. The second greatest value Near South Side apartment is the 2000 S Wabash Ave Model at 2000 S Wabash Ave, Unit 2 starting at $2,800 with a $2.33 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.
The ShelbyC22BR,2BA$2.73
2000 S Wabash Ave, Unit 22000 S Wabash Ave3BR,1BA$2.33
River City Apartments2 BR Standard2BR,2BA$3.12
Carriage House Lofts1 BED 1 BATH1BR,1BA$2.32
Arrive South LoopOgden Loft2BR,2BA$3.19
1401 S. StateA14-R1BR,1BA$3.23
260 W 24th Pl, Unit BR260 W 24th Pl2BR,1BA$1.73
Eden CommonsTwo Bedroom2BR,1BA$2.22
Roosevelt Collection LoftsB1BR,1BA$2.86
30 East RooseveltER_1x11BR,1BA$3.03

Quick Rent Budget Calculator

How much rent can you afford?

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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 229 Apartments for Rent in Near South Side, IL with pricing that ranges from $1,071 to $16,678. There are also 194 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near South Side ranging from $950 to $13,200.

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 $950 to $13,200 with an average monthly rent of $3,901.

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 $1,800 to $15,970, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $7,900. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,235.

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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.