Cheap Apartments for Rent in the Park Manor Neighborhood of Chicago, IL from $500 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Park Manor area of Chicago.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

close
View Me
6957 S Michigan Ave
Studio to 1 Bedroom Apartments

6957 S Michigan Ave

6957 S Michigan AveChicago, IL 60637
  • Utilities Included
close
View Me
6618 S Wabash Ave
Studio to 1 Bedroom Apartments

6618 S Wabash Ave

6618 S Wabash AveChicago, IL 60637
close
View Me
6820 S Michigan Ave
Studio to 1 Bedroom Apartments

6820 S Michigan Ave

6820 S Michigan AveChicago, IL 60637
  • Utilities Included

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.

close
View Me
6752 S Michigan Ave
Studio to 1 Bedroom Apartments

6752 S Michigan Ave

6752 S Michigan AveChicago, IL 60637
  • Utilities Included

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.

close
View Me
6954 S Calumet Ave
1 to 3 Bedroom Apartments

6954 S Calumet Ave

6954 S Calumet AveChicago, IL 60637
property at 6649 S Rhodes Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Home for Rent

Available Now

6649 S Rhodes Ave

ChicagoIL60637

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.

Cheapest Available Park Manor Apartments for Rent

 

The cheapest available apartment rental in the Park Manor area of Chicago, IL is a Studio unit found at 6246 S. King Dr. priced from $710. 6700 S Indiana Chicago, IL 60637 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here are the most affordable Park Manor apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
6246 S. King Dr.EfficienciesStudio,1BA$710
6700 S Indiana Chicago, IL 606371 Bedroom 1 Bath Apartment with Dining1BR,1BA$935
6933 S Indiana Chicago, IL 606371 Bedroom 1 Bath Apartment1BR,1BA$975
6829 S Dr Martin Luther King Jr Dr Chicago, IL 606371 Bedroom 1 Bath Apartment with Dining1BR,1BA$995
7055 S St Lawrence Ave Chicago, IL 606371 Bedroom 1 Bath Apartment1BR,1BA$1,015
6705 S Michigan Chicago, IL 606371 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,025
6923-25 S Indiana Ave Chicago, IL 606372 Bedroom 1 Bath Apartment2BR,1BA$1,145
Southland Village2 Beds, 1 bath2BR,1BA$1,200

Best Value Apartments for Rent in Park Manor, IL

As of April 28, 2026 the best value apartment in the Park Manor area is the $1.03 price per square foot 6810 S Calumet Ave Model at 6810 S Calumet Ave in the in the Greater Grand Crossing neighborhood starting from $1,550. The second greatest value Park Manor apartment is the 6940 S King Dr Model at 6940 S King Dr, Unit 2S starting at $1,550 with a $1.29 price per square foot in the Greater Grand Crossing neighborhood. Here is today’s list of the best values for Park Manor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6810 S Calumet Ave6810 S Calumet Ave3BR,1BA$1.03
6940 S King Dr, Unit 2S6940 S King Dr4BR,1BA$1.29
6422 S Rhodes Ave, Unit 26422 S Rhodes Ave4BR,1BA$1.45
6612 S Rhodes Ave, Unit 6612 S Rhodes Ave Garden6612 S Rhodes Ave3BR,1BA$1.31
215 E 68th Chicago, IL 606373 Bedroom 1 Bath Apartment3BR,1BA$1.39
212 E 69th Place Chicago, IL 606373 Bedroom 1 Bath Apartment3BR,1BA$1.47
Southland Village2 Beds, 1 bath2BR,1BA$1.43
6610 S Rhodes Ave, Unit G6610 S Rhodes Ave2BR,1BA$1.43
6933 S Indiana Chicago, IL 606371 Bedroom 1 Bath Apartment1BR,1BA$1.50
6829 S Dr Martin Luther King Jr Dr Chicago, IL 606371 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.59

Frequently Asked Questions about Cheap Park Manor Apartments

What is a cheap apartment in Park Manor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Manor is under $1,200.

What types of apartments are the cheapest in Park Manor?

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 2 regular apartments in Park Manor 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 Park Manor?

Cheap apartments in Park Manor have an average cost of $130 which is $1,420 cheaper than the average rent for all rentals in Park Manor.

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 A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.