Cheap Apartments for Rent in the South Chicago Neighborhood of Chicago, IL from $500 (144 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Chicago 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.

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9100 S Ashland Ave
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
1 Bedroom Apartment Available Now

9100 S Ashland Ave

9100 S Ashland AveChicago, IL 60620
Affordability
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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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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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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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11000 S Michigan Ave
Studio to 2 Bedroom Apartments

11000 S Michigan Ave

11000 S Michigan AveChicago, IL 60628
  • Utilities Included

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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South Chicago, Chicago, IL Local Guide

Cheapest Available South Chicago Apartments for Rent

 

The cheapest available apartment rental in the South Chicago area of Chicago, IL is a Studio unit found at 9001 S Commercial Ave Chicago, IL 60617 priced from $760. 12157 S Michigan Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable South Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
9001 S Commercial Ave Chicago, IL 60617Studio ApartmentStudio,1BA$760
12157 S Michigan Ave1 Bedroom Studio1BR,1BA$850
8702 S Escanaba Ave2Front2BR,1BA$850
12013 S Eggleston Avenue1 Bedroom |1 Bath1BR,1BA$900
8751 S Cottage Grove Chicago, IL 606191 Bedroom 1 Bath Apartment1BR,1BA$905
410 E 107th St Chicago, IL 606281 Bedroom 1 Bath Apartment with Dining1BR,1BA$970
11214-18 S Indiana0BR/1.0BAStudio,1BA$975
11932 S Stewart Ave Chicago, IL 606281 Bedroom 1 Bath Apartment1BR,1BA$995

Best Value Apartments for Rent in South Chicago, IL

As of May 08, 2026 the best value apartment in the South Chicago area is the $0.71 price per square foot 8855 S Dorchester Ave Model at 8855 S Dorchester Ave, Unit 2ndfloorr in the in the South Chicago neighborhood starting from $1,200. The second greatest value South Chicago apartment is the 12954 Maple Ave Model at 12954 Maple Ave, Unit 2 starting at $1,750 with a $1.25 price per square foot in the South Chicago neighborhood. Here is today’s list of the best values for South Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8855 S Dorchester Ave, Unit 2ndfloorr8855 S Dorchester Ave2BR,1BA$0.71
12954 Maple Ave, Unit 212954 Maple Ave3BR,1BA$1.25
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
2346 122nd St, Unit Two Front2346 122nd St1BR,1BA$1.00
The Lakes Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.40
10109 S Prospect Ave, Unit Garden Unit10109 S Prospect Ave1BR,1BA$1.11
2067 135th Pl, Unit 82067 135th Pl2BR,1BA$1.39
12157 S Michigan Ave1 Bedroom Studio1BR,1BA$1.00
10901 S Vernon 433-35 E 109th Chicago, IL 606281 Bedroom 1 Bath Apartment1BR,1BA$1.39
8702 S Escanaba Ave2Front2BR,1BA$1.21

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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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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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
South Chicago, Chicago, IL

Ranked #134

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Chicago, Chicago, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap South Chicago Apartments

What is the price of a cheap apartment in South Chicago?

The cheapest apartment in South Chicago is 12157 S Michigan Ave which is listed at $850, while the average apartment in South Chicago costs $3,295.

What types of apartments are the cheapest in South Chicago?

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 6 regular apartments in South Chicago 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 South Chicago?

Cheap apartments in South Chicago have an average cost of $149 which is $3,146 cheaper than the average rent for all rentals in South Chicago.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.