Cheap Homes for Rent in the South Chicago Neighborhood of Chicago, IL from $550 (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.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 12842 Wood St
$550

Total Monthly Price

Base Rent$550

Total Monthly Price$550
2 Bedroom, 1 Bath Home for Rent
Available Sep 16
Furnished

12842 Wood St

Blue IslandIL60406
  • Smoke Free
property at 12550 Fairview Ave
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
1 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

12550 Fairview Ave, Unit 2-2M

12550 Fairview Ave
Blue IslandIL60406
property at 112 W 113th Pl
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
1 Bedroom, 1.5 Bath Home for Rent
Available Now
Affordability

112 W 113th Pl

ChicagoIL60628
property at 9453 S Loomis St
$1,150
1 Bedroom Rentals
Available Now
Affordability

9453 S Loomis St

ChicagoIL60643

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.

property at 12300 S Elizabeth St
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
1 Bedroom, 1 Bath Home for Rent
Available Now

12300 S Elizabeth St

Calumet ParkIL60827

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.

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!

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.

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 2 Beds unit found at 8702 S Escanaba Ave priced from $850. 8640 S Ingleside has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable South Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
8702 S Escanaba Ave2Front2BR,1BA$850
8640 S Ingleside1 Bedroom 1 Bath Apartment1BR,1BA$880
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$960
8901 S Cottage Grove Ave1 Bedroom 1 Bath Apartment1BR,1BA$965
11214-18 S Indiana0BR/1.0BAStudio,1BA$975
11932 S Stewart1 Bedroom 1 Bath Apartment1BR,1BA$990
9118-9124 South Dauphin Avenue9118-9124 South Dauphin Avenue - 9120-...1BR,1BA$1,075
8810 S. Cottage Grove Avenue1BR/1.0BA1BR,1BA$1,100
Meadow View Apartments2 Bedroom small2BR,1BA$1,123

Best Value Apartments for Rent in South Chicago, IL

As of September 11, 2026 the best value apartment in the South Chicago area is the $0.51 price per square foot 10219 S Racine Ave Model at 10219 S Racine Ave, Unit 1 in the in the South Chicago neighborhood starting from $1,800. The second greatest value South Chicago apartment is the 9021 S Justine St Model at 9021 S Justine St, Unit 9021 S. Justine 1S starting at $1,525 with a $1.17 price per square foot in the Beverly 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.
10219 S Racine Ave, Unit 110219 S Racine Ave2BR,1BA$0.51
9021 S Justine St, Unit 9021 S. Justine 1S9021 S Justine St2BR,1BA$1.17
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
9006 S Escanaba Ave2 Beds, 1 Baths2BR,1BA$1.02
11124 S Eggleston Ave, Unit 1st. Floor11124 S Eggleston Ave2BR,1BA$1.20
Lakes2 Bedroom 1 Bath Apartment2BR,1BA$1.44
8810 S. Cottage Grove Avenue1BR/1.0BA1BR,1BA$1.57
8702 S Escanaba Ave2Front2BR,1BA$1.21
11932 S Stewart1 Bedroom 1 Bath Apartment1BR,1BA$1.51
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$1.54

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.

Read Article
Decorative image

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

Read Article

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.

Read Article

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South Chicago, Chicago, IL

Ranked #119

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about South Chicago

What type of rentals are currently available in South Chicago?

There are currently 886 Apartments for Rent in South Chicago, IL with pricing that ranges from $800 to $5,547. There are also 166 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Chicago ranging from $550 to $3,690.

What is the current price range for Rental Homes in South Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Chicago ranges from $550 to $3,690 with an average monthly rent of $2,091.

How much are larger Three and Four Bedroom Rentals in South Chicago?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Chicago range from $1,350 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $3,497. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,850.

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.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.