Cheap Homes for Rent in South Lakefront Neighborhood of Chicago, IL from $700 (143 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

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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property at 2707 E 78th St

2707 E 78th St

ChicagoIL60649

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 $639. 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$639
5748 Blackstone By 3L LivingShared Kitchenette & BathroomStudio,1BA$699
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
5540 Hyde Park by 3L LivingEfficiency Studio - NorthStudio,1BA$724
6246 S. King Dr.Two rm StudioStudio,1BA$750
8640 S Ingleside AveStudio ApartmentStudio,1BA$775
7752 S Cornell AveStudio ApartmentStudio,1BA$830
8000-12 S Maryland AveStudio ApartmentStudio,1BA$840
7800 S Michigan AveStudio ApartmentStudio,1BA$845

Best Value Apartments for Rent in South Lakefront, IL

As of August 03, 2025 the best value apartment in the South Lakefront area is the $0.94 price per square foot 3BD/2BA Model at 7437-7439 S Chappel Ave in the in the South Shore neighborhood starting from $1,875. The second greatest value South Lakefront apartment is the 7914 S Champlain Ave Model at 7914 S Champlain Ave, Unit 3 starting at $2,000 with a $1.00 price per square foot in the Chatham 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.
7437-7439 S Chappel Ave3BD/2BA3BR,2BA$0.94
7914 S Champlain Ave, Unit 37914 S Champlain Ave4BR,1BA$1.00
6117 S Vernon Ave, Unit 16117 S Vernon Ave4BR,1.5BA$1.13
8915 S Exchange Ave, Unit 38915 S Exchange Ave4BR,1BA$1.07
8241 S Commercial Ave, Unit Rear8241 S Commercial Ave2BR,1BA$0.96
8009 S Phillips Ave, Unit 38009 S Phillips Ave2BR,1.5BA$1.15
8929 S Blackstone Ave, Unit 3rd Floor8929 S Blackstone Ave2BR,1BA$1.14
7930-46 S Ingleside Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.15
7924 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$1.14
8046 S Maryland Ave, Unit 1st floor8046 S Maryland Ave1BR,1BA$0.82

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 3506 Apartments for Rent in South Lakefront, IL with pricing that ranges from $575 to $15,184. There are also 429 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakefront ranging from $700 to $7,500.

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 $7,500 with an average monthly rent of $2,462.

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 $1,200 to $15,184, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,250.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.