Cheap Apartments for Rent in the South Lakefront Neighborhood of Chicago, IL from $500 (467 Rentals)

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

property at 6411 S Evans Ave

6411 S Evans Ave

ChicagoIL60637
Showing Results 1-50, Page 1 of 10

South Lakefront, Chicago, IL Local Guide

Cheapest Available South Lakefront Apartments for Rent

 

The cheapest available apartment rental in the South Lakefront area of Chicago, IL is a Studio unit found at 6246 S. King Dr. priced from $675. 5445 Ingleside By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $698. Here are the most affordable South Lakefront apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
6246 S. King Dr.EfficienciesStudio,1BA$675
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$698
5540 Hyde Park by 3L LivingEfficiency Studio - NorthStudio,1BA$699
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
8208 S Drexel AveStudio ApartmentStudio,1BA$790
2235 E 71st StStudio ApartmentStudio,1BA$805
8001-03 S Muskegon AveStudio ApartmentStudio,1BA$815
The Townhouse ApartmentsStudio, 1 bathStudio,1BA$850
8100-8114 S Essex Ave1 Bedroom 1 Bath Apartment1BR,1BA$850

Best Value Apartments for Rent in South Lakefront, IL

As of November 12, 2025 the best value apartment in the South Lakefront area is the $0.53 price per square foot 7845 S Kingston Ave Model at 7845 S Kingston Ave, Unit 3 in the in the South Shore neighborhood starting from $1,599. The second greatest value South Lakefront apartment is the 6937 S Merrill Ave Model at 6937 S Merrill Ave, Unit Floor 1 starting at $2,500 with a $0.89 price per square foot in the South Shore neighborhood. Here is today’s list of the best values for South Lakefront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7845 S Kingston Ave, Unit 37845 S Kingston Ave3BR,2BA$0.53
6937 S Merrill Ave, Unit Floor 16937 S Merrill Ave3BR,2BA$0.89
7437-7439 S Chappel Ave3BD/2BA3BR,2BA$0.94
8234 S Maryland Ave, Unit 38234 S Maryland Ave3BR,1BA$0.98
8046 S Maryland Ave, Unit 2nd floor8046 S Maryland Ave2BR,1BA$0.87
IronwoodTwo Bedroom 120%2BR,1BA$1.00
8615 S Colfax Ave, Unit 8615-18615 S Colfax Ave3BR,2BA$1.00
146 W 66th St, Unit Unit 2W146 W 66th St3BR,1BA$1.08
6418 S Eberhart Ave, Unit B6418 S Eberhart AveStudio ,1BA$1.11
8642 S Maryland Ave1 Bed, 1 bath1BR,1BA$1.00

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Pet Friendly Lifestyle
South Lakefront, Chicago, IL

Ranked #28

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 Lakefront, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, areas, and rental properties across Illinois, including Chicago. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Lakefront Apartments

What is a cheap apartment in South Lakefront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Lakefront is under $850.

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

The cheapest apartment in South Lakefront is 8100-8114 S Essex Ave which is listed at $850, while the average apartment in South Lakefront costs $4,979.

What types of apartments are the cheapest in South Lakefront?

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 184 regular apartments in South Lakefront 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 Lakefront?

Cheap apartments in South Lakefront have an average cost of $360 which is $4,619 cheaper than the average rent for all rentals in South Lakefront.

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.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.