Cheap Apartments for Rent in the South Lakefront Neighborhood of Chicago, IL from $500 (573 Rentals)

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

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property at 8408 S Kingston Ave
$900 - $1,350
1 To 3 Bedroom Rentals
Available Now
Affordability

8408 S Kingston Ave

ChicagoIL60617

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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 4 Beds unit found at Coleman Place At Legends South priced from $170. Highlands Tudor Manor - 55+ Community has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable South Lakefront apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Coleman Place At Legends SouthThe Wells4BR, 2BA$170
Highlands Tudor Manor - 55+ CommunityStudioStudio, 1BA$700
7706 South ColesStudio ApartmentStudio, 1BA$705
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio, 1BA$712
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio, 1BA$726
8001 S EllisStudio ApartmentStudio, 1BA$740
7903 S EvansStudio ApartmentStudio, 1BA$745
Jarrell Washington Park0 Beds, 1 BathsStudio, 1BA$750
7849-7853 S Coles Ave853-3NStudio, 1BA$750
6246 S. King Dr.EfficienciesStudio, 1BA$750

Best Value Apartments for Rent in South Lakefront, IL

As of September 29, 2026 the best value apartment in the South Lakefront area is the $0.80 price per square foot 4820 S Champlain Ave Model at 4820 S Champlain Ave in the Grand Boulevard neighborhood starting from $2,500. The second greatest value South Lakefront apartment is the 7845 S Kingston Ave Model at 7845 S Kingston Ave, Unit 3 in the South Shore neighborhood starting at $1,599 with a $0.53 price per square foot. 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.
4820 S Champlain Ave4820 S Champlain Ave3BR, 2BA$0.80
7845 S Kingston Ave, Unit 37845 S Kingston Ave3BR, 2BA$0.53
Prairie Park ApartmentsThree Bedroom 60% AMI3BR, 2BA$0.87
8117 S Kingston Ave, Unit Kingston2ndFloor8117 S Kingston Ave3BR, 1BA$0.88
IronwoodTwo Bedroom 120%2BR, 1BA$0.91
7829 S Phillips3 Bedroom 1.5 Bath Apartment3BR, 1.5BA$1.03
7654 S. Colfax Ave.3BR/2.0BA3BR, 2BA$1.04
8120 S Ellis Ave, Unit 28120 S Ellis Ave2BR, 1BA$1.10
9006 S Escanaba Ave2 Beds, 1 Baths2BR, 1BA$1.02
LUELLA1/11BR, 1BA$1.09

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

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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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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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.

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Pet Friendly Lifestyle
South Lakefront, Chicago, IL

Ranked #23

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 $750.

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

The cheapest apartment in South Lakefront is 84th Place & Ingleside which is listed at $850, while the average apartment in South Lakefront costs $1,685.

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 123 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 $394 which is $1,291 cheaper than the average rent for all rentals in South Lakefront.

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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