Cheap Apartments for Rent in the South Side Neighborhood of Chicago, IL from $500 (206 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Side 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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7935 S Dante Ave, Unit #1
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
2 Bedroom Apartment Available Jun 1

7935 S Dante Ave, Unit #1

7935 S Dante AveChicago, IL 60619
Affordability
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7543 S May St, Unit 1
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250
3 Bedroom Apartment Available Now

7543 S May St, Unit 1

7543 S May StChicago, IL 60620
Cost Per Sq.Ft.

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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1311 W 82nd St, Unit 1
$1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300
2 Bedroom Apartment Available Now

1311 W 82nd St, Unit 1

1311 W 82nd StChicago, IL 60620
Cost Per Sq.Ft.

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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8212 S Green St, Unit 1
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
2 Bedroom Apartment Available Jun 16

8212 S Green St, Unit 1

8212 S Green StChicago, IL 60620
Cost Per Sq.Ft.

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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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!

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South Side, Chicago, IL Local Guide

Cheapest Available South Side Apartments for Rent

 

The cheapest available apartment rental in the South Side area of Chicago, IL is a Studio unit found at 1155 W 83rd St priced from $700. 808 W 76th has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$700
808 W 76thStudio ApartmentStudio,1BA$775
8208 S Drexel Ave Chicago, IL 60619Studio ApartmentStudio,1BA$785
8201 S Ada St1325 W. 82nd StreetStudio,1BA$800
8152 S EvansStudio ApartmentStudio,1BA$815
7701 S StewartStudio ApartmentStudio,1BA$845
7929 S StateStudio ApartmentStudio,1BA$860
8256 S Loomis Blvd 1402-08 W 83rd Chicago, IL 60620Studio ApartmentStudio,1BA$885
8051 S Ingleside1 Bedroom 1 Bath Apartment with Dining1BR,1BA$895

Best Value Apartments for Rent in South Side, IL

As of May 28, 2026 the best value apartment in the South Side area is the $1.26 price per square foot 10222 S Lafayette Ave Model at 10222 S Lafayette Ave, Unit 1STFLOORAPT in the in the South Chicago neighborhood starting from $1,675. The second greatest value South Side apartment is the Unit 1 Model at 7944 S Ellis Ave starting at $1,500 with a $1.15 price per square foot in the Chatham neighborhood. Here is today’s list of the best values for South Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10222 S Lafayette Ave, Unit 1STFLOORAPT10222 S Lafayette Ave2BR,1BA$1.26
7944 S Ellis AveUnit 13BR,1BA$1.15
8043 S Maryland Ave2 Beds, 1 bath2BR,1BA$1.08
1311 W 82nd St, Unit 11311 W 82nd St2BR,1BA$1.18
7543 S May St, Unit 17543 S May St3BR,1BA$1.25
8014 S Maryland2 Bedroom 1 Bath Apartment2BR,1BA$1.14
8056 S Drexel2 Bedroom 1 Bath Apartment with Dining2BR,1BA$1.27
8259 S Loomis Blvd1 BR1BR,1BA$1.06
8148 S Ingleside2 Bedroom 1 Bath Apartment2BR,1BA$1.36
8222 S Ingleside1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.34

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Side, Chicago, IL

Ranked #81

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap South Side Apartments

What is the Cheapest Studio apartment in South Side?

Currently the most affordable Cheap Studio Apartment in South Side is at 1155 W 83rd St listed at $700.

How much is rent for a Cheap One Bedroom South Side Apartment?

The lowest price for a Cheap One Bedroom South Side Apartment is $800 at 1155 W 83rd St.

What is the lowest price for a Cheap Two Bedroom South Side Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Side is starting from $900 at 8259 S Loomis Blvd.

What is the most affordable South Side Three Bedroom Apartment?

The best deal on a cheap South Side Three Bedroom Apartment rental is at 7944 S Ellis Ave and starts from $1,500.

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

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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.

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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.

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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.

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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.