Cheap Homes for Rent in Near South Side Neighborhood of Chicago, IL from $1,000 (59 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 1400 S Michigan Ave

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050
Total Monthly Price
$2,050

Studio, 1 Bath Condo for Rent

Available Now

1400 S Michigan Ave, Unit 27G

1400 S Michigan Ave
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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property at 871 S Clark St

$2,175

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605
property at 1345 S Wabash Ave

$2,200 - $2,900

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $2,900
Total Monthly Price
$2,200 - $2,900

1 To 2 Bedroom Condos for Rent

Available Now

1345 S Wabash Ave

ChicagoIL60605
property at 801 S Plymouth Ct

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

801 S Plymouth Ct, Unit 805

801 S Plymouth Ct
ChicagoIL60605

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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property at 880 S Clark St

$2,222

1 Bedroom, 1 Bath Rentals

Available Now

880 S Clark St

ChicagoIL60605
property at 1111 S Wabash Ave

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250
Total Monthly Price
$2,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

1111 S Wabash Ave, Unit 23D

1111 S Wabash Ave
ChicagoIL60605
property at 883 S Clark St

$2,295

1 Bedroom, 1 Bath Rentals

Available Now

883 S Clark St

ChicagoIL60605

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 1133 S State St

$2,300 - $2,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,300 - $2,650
Total Monthly Price
$2,300 - $2,650

1 Bedroom, 1.5 Bath Condo for Rent

Available Now

1133 S State St

ChicagoIL60605
property at 1160 S Michigan Ave

$2,330

Total Monthly Price

Total Monthly Price

Base Rent
$2,330
Total Monthly Price
$2,330

1 Bedroom, 1 Bath Condo for Rent

Available Now

1160 S Michigan Ave, Unit 2901

1160 S Michigan Ave
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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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 Studio unit found at Eden Commons priced from $1,218. Prairie Shores has the second lowest priced unit, which is a Studio apartment currently listed from $1,283. Here are the most affordable Near South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Eden CommonsStudioStudio,1BA$1,218
Prairie ShoresRenovated StudioStudio,1BA$1,283
Prairie CoLivingPrivate bedroom with en-suite bathroom1BR,1BA$1,350
21st Street Lofts by 3L LivingStudio - BStudio,1BA$1,419
820 Michigan by 3L LivingStudio EastStudio,1BA$1,734
30 East RooseveltER_1x11BR,1BA$1,750
2101 MichiganStudioStudio,1BA$1,815
Park Michigan - 1212 S Michigan AveStudio 1ba 09Studio,1BA$1,932
1407 on MichiganS7Studio,1BA$1,967
River City ApartmentsStudioStudio,1BA$2,027

Best Value Apartments for Rent in Near South Side, IL

As of March 14, 2026 the best value apartment in the Near South Side area is the $2.22 price per square foot 3 BED 2 BATH Model at Carriage House Lofts in the in the Near South Side neighborhood starting from $3,306. The second greatest value Near South Side apartment is the 1464 S MICHIGAN Model at 1464 S MICHIGAN starting at $2,750 with a $2.50 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$2.22
1464 S MICHIGAN1464 S MICHIGAN2BR,2BA$2.50
Wells Place Apartments1 Bed 1 Bath A41BR,1BA$2.88
Student | The Flats East West3x23BR,2BA$1.23
Roosevelt Collection LoftsC1BR,1BA$3.55
1401 S. StateA3-R1BR,1BA$3.14
30 East RooseveltER_1x11BR,1BA$3.03
River City ApartmentsStudioStudio ,1BA$3.57
Eden CommonsStudioStudio ,1BA$2.60
Prairie ShoresRenovated StudioStudio ,1BA$3.21

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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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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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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Pet Friendly Lifestyle
Near South Side, Chicago, IL

Ranked #33

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 $1,157 to $33,660. There are also 177 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near South Side ranging from $1,010 to $12,500.

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 $12,500 with an average monthly rent of $4,161.

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 $1,744 to $14,082, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,300 to $8,500. Four Bedroom Single-Family rentals are also available starting from $1,010 and Four Bedroom Apartments start at $2,169.

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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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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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.

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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.

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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.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.