Cheap Apartments for Rent in the South Shore Neighborhood of Chicago, IL from $500 (168 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
South Beach Apartments
Studio to 1 Bedroom Apartments

South Beach Apartments

7825-27 South Shore DrChicago, IL 60649
  • Utilities Included
close
View Me
7520 S. Coles Avenue
1 to 2 Bedroom Apartments

7520 S. Coles Avenue

7516-7524 S Coles AveChicago, IL 60649
  • Utilities Included

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

Read Article
Showing Results 1-50, Page 1 of 4

Cheapest Available South Shore Apartments for Rent

 

The cheapest available apartment rental in the South Shore area of Chicago, IL is a Studio unit found at Highlands Tudor Manor - 55+ Community priced from $700. 7850 S Constance has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable South Shore apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
7850 S ConstanceStudio ApartmentStudio,1BA$780
7925 S PhillipsStudio ApartmentStudio,1BA$785
South Shore Drive0BR/1.0BAStudio,1BA$800
7941 S Marquette1 Bedroom 1 Bath Apartment1BR,1BA$860
7229 S Yates BlvdStudio ApartmentStudio,1BA$895
7300 S Yates Blvd1 Bedroom 1 Bath Apartment1BR,1BA$895
The Townhouse ApartmentsStudio, 1 bathStudio,1BA$900
7846 S Saginaw1 Bedroom 1 Bath Apartment1BR,1BA$915
7419 S Phillips1 Bedroom 1 Bath Apartment1BR,1BA$920

Best Value Apartments for Rent in South Shore, IL

As of May 23, 2026 the best value apartment in the South Shore area is the $0.33 price per square foot 7536 S Phillips Ave Model at 7536 S Phillips Ave, Unit New York Property nest Inc. in the in the South Shore neighborhood starting from $2,000. The second greatest value South Shore apartment is the 2 Bedroom 1 Bath Apartment with Dining Model at 7263 S Coles starting at $1,265 with a $1.30 price per square foot in the South Shore neighborhood. Here is today’s list of the best values for South Shore apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7536 S Phillips Ave, Unit New York Property nest Inc.7536 S Phillips Ave3BR,1.5BA$0.33
7263 S Coles2 Bedroom 1 Bath Apartment with Dining2BR,1BA$1.30
7609 S Coles3 Bedroom 1 Bath Apartment3BR,1BA$1.25
7316 S Jeffery2 Bedroom 1 Bath Apartment2BR,1BA$1.17
7440 S Phillips2 Bedroom 1 Bath Apartment2BR,1BA$1.30
7801 S Essex2 Bedroom 1 Bath Apartment2BR,1BA$1.13
7800 S Jeffery1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.27
7612 S Kingston2 Bedroom 1 Bath Apartment2BR,1BA$1.30
6938 S Cregier Ave.0BR/1.0BAStudio ,1BA$1.31
7800 S Kingston2 Bedroom 1 Bath Apartment2BR,1BA$1.32

Frequently Asked Questions about Cheap South Shore Apartments

What is a cheap apartment in South Shore?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Shore is under $920.

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

The cheapest apartment in South Shore is 7941 S Marquette which is listed at $860, while the average apartment in South Shore costs $1,747.

What types of apartments are the cheapest in South Shore?

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 7 regular apartments in South Shore 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 Shore?

Cheap apartments in South Shore have an average cost of $130 which is $1,617 cheaper than the average rent for all rentals in South Shore.

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

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.