Cheap Homes for Rent in South Shore Neighborhood of Chicago, IL from $800 (15 Rentals)

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Search the lowest-cost Homes 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.

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property at 2707 E 78th St

$1,100

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 1 Bath Condo for Rent

Available Now

2707 E 78th St, Unit 2W

2707 E 78th St
ChicagoIL60649

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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
2235 E 71stStudio ApartmentStudio,1BA$780
7925 S PhillipsStudio ApartmentStudio,1BA$785
7941 S Marquette1 Bedroom 1 Bath Apartment1BR,1BA$860

Best Value Apartments for Rent in South Shore, IL

As of June 04, 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 5 Bedroom 2 Bath Duplex Model at 7241 S Phillips starting at $1,405 with a $1.17 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
7241 S Phillips5 Bedroom 2 Bath Duplex5BR,2BA$1.17
2307 E 70th Pl, Unit 2142307 E 70th Pl2BR,2BA$1.26
South Shore Drive1BR/1.0BA1BR,1BA$1.05
7263 S Coles2 Bedroom 1 Bath Apartment2BR,1BA$1.27
7316 S Jeffery2 Bedroom 1 Bath Apartment2BR,1BA$1.17
7801 S Essex2 Bedroom 1 Bath Apartment2BR,1BA$1.13
7440 S Phillips2 Bedroom 1 Bath Apartment2BR,1BA$1.30
7800 S Jeffery1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.27
7612 S Kingston2 Bedroom 1 Bath Apartment2BR,1BA$1.30

Frequently Asked Questions about South Shore

What type of rentals are currently available in South Shore?

There are currently 667 Apartments for Rent in South Shore, IL with pricing that ranges from $700 to $2,500. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Shore ranging from $850 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Shore ranges from $850 to $4,000 with an average monthly rent of $1,690.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Shore range from $1,165 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,425 to $2,550. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,300.

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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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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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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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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Articles, How-To's, and Tips

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Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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

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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.

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