Cheap Homes for Rent in South Lakefront Neighborhood of Chicago, IL from $600 (119 Rentals)

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

property at 5252 S Drexel Ave

$650 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$650 - $800
Total Monthly Price
$650 - $800

1 Bedroom, 1 Bath Condo for Rent

Available Now

5252 S Drexel Ave

ChicagoIL60615

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 8039 S Ingleside Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

8039 S Ingleside Ave

ChicagoIL60619
property at 7948 S Drexel Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

7948 S Drexel Ave

ChicagoIL60619

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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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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Showing Results 1-50, Page 1 of 3

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. 5445 Ingleside By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $639. 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
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$639
6246 S. King Dr.EfficienciesStudio,1BA$675
5540 Hyde Park by 3L LivingEfficiency Studio - NorthStudio,1BA$688
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$688
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
7941 S MarquetteStudio ApartmentStudio,1BA$710
8000 S Ellis Ave 947-55 E 80th St Chicago, IL 60619Studio ApartmentStudio,1BA$715
7953-59 S Dobson Ave Chicago, IL 60619Studio ApartmentStudio,1BA$770
2235 E 71st St Chicago, IL 60649Studio ApartmentStudio,1BA$775

Best Value Apartments for Rent in South Lakefront, IL

As of March 05, 2026 the best value apartment in the South Lakefront area is the $0.86 price per square foot 6937 S Merrill Ave Model at 6937 S Merrill Ave, Unit Floor 1 in the in the South Shore neighborhood starting from $2,400. The second greatest value South Lakefront apartment is the 5942 S Calumet Ave Model at 5942 S Calumet Ave, Unit 2 starting at $1,850 with a $1.03 price per square foot in the Washington Park 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.
6937 S Merrill Ave, Unit Floor 16937 S Merrill Ave3BR,2BA$0.86
5942 S Calumet Ave, Unit 25942 S Calumet Ave4BR,1BA$1.03
7926 S Paxton Ave, Unit 2nd Fl7926 S Paxton Ave4BR,1BA$0.88
8046 S Maryland Ave, Unit 2nd floor8046 S Maryland Ave2BR,1BA$0.80
8213 S Houston Ave, Unit 2nd Floor8213 S Houston Ave3BR,1BA$1.00
3002 E 81st St, Unit 23002 E 81st St2BR,1BA$1.00
IronwoodTwo Bedroom 120%2BR,1BA$0.91
7701 S Yates Blvd Chicago, IL 606492 Bedroom 1 Bath Apartment with Dining2BR,1BA$1.00
8642 S Maryland Ave1 Bed, 1 bath1BR,1BA$1.00
Coleman Place At Legends SouthThe Burnham1BR,1BA$0.22

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

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

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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

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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 #36

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

Frequently Asked Questions about South Lakefront

What type of rentals are currently available in South Lakefront?

There are currently 3491 Apartments for Rent in South Lakefront, IL with pricing that ranges from $575 to $14,444. There are also 383 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakefront ranging from $625 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 $625 to $7,500 with an average monthly rent of $2,118.

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 $13,310, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $5,200. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,200.

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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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.