Cheap Homes for Rent in South Lakefront Neighborhood of Chicago, IL from $700 (122 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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The Art of the Rental Viewing: What to look for during a property tour

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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 Studio unit found at 5445 Ingleside By 3L Living priced from $600. 5748 Blackstone By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable South Lakefront apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$600
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
2207 E 75th StStudio ApartmentStudio,1BA$710
6246 S. King Dr.Two rm StudioStudio,1BA$750
South Shore Beach ApartmentsStudioStudio,1BA$825
8000 S Ellis Ave1 Bedroom 1 Bath1BR,1BA$835
The Townhouse ApartmentsStudio, 1 bathStudio,1BA$850
8208 S Drexel Ave1 Bedroom 1 Bath Apartment1BR,1BA$860

Best Value Apartments for Rent in South Lakefront, IL

As of June 25, 2025 the best value apartment in the South Lakefront area is the $0.43 price per square foot 8518 S Bennett Ave Model at 8518 S Bennett Ave, Unit 3 in the in the Avalon Park neighborhood starting from $1,650. The second greatest value South Lakefront apartment is the 7845 S Kingston Ave Model at 7845 S Kingston Ave, Unit 3 starting at $1,599 with a $0.53 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.
8518 S Bennett Ave, Unit 38518 S Bennett Ave3BR,1BA$0.43
7845 S Kingston Ave, Unit 37845 S Kingston Ave3BR,2BA$0.53
7437-7439 S Chappel Ave3BD/2BA3BR,2BA$0.94
7914 S Champlain Ave, Unit 37914 S Champlain Ave4BR,1BA$1.00
8152 S Merrill Ave, Unit 28152 S Merrill Ave2BR,1BA$1.09
7619 S Phillips Ave, Unit 17619 S Phillips Ave2BR,1BA$1.13
8915 S Exchange Ave, Unit 38915 S Exchange Ave4BR,1BA$1.07
7730 S Essex Ave, Unit 17730 S Essex Ave3BR,1BA$1.00
7701 S Yates Blvd2 Bedroom 1 Bath Apartment with dining2BR,1BA$1.02
9427 S Ewing Ave, Unit 19427 S Ewing AveStudio ,1BA$1.00

Quick Rent Budget Calculator

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Frequently Asked Questions about South Lakefront

What type of rentals are currently available in South Lakefront?

There are currently 3502 Apartments for Rent in South Lakefront, IL with pricing that ranges from $575 to $11,550. There are also 399 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakefront ranging from $700 to $8,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Lakefront ranges from $700 to $8,000 with an average monthly rent of $2,578.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Lakefront range from $1,000 to $11,045, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $4,200. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,400.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.