Cheap Apartments for Rent in the South Side Neighborhood of Chicago, IL from $500 (225 Rentals)

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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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8120 S Ellis Ave, Unit 2
$1,325
Total Monthly Price

Total Monthly Price

Base Rent
$1,325
Total Monthly Price
$1,325
2 Bedroom Apartment Available Now

8120 S Ellis Ave, Unit 2

8120 S Ellis AveChicago, IL 60619
Cost Per Sq.Ft.

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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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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. 7903 S Evans has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable South Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$700
7903 S EvansStudio ApartmentStudio,1BA$745
8208 S DrexelStudio ApartmentStudio,1BA$785
8201 S Ada St1325 W. 82nd StreetStudio,1BA$800
84th Place & Ingleside1 Beds, 1 Baths1BR,1BA$850
8640 S Ingleside1 Bedroom 1 Bath Apartment1BR,1BA$880
1108 E 82nd1 Bedroom 1 Bath Apartment1BR,1BA$890
963 E 84th St1 Beds, 1 Baths1BR,1BA$895
7917 S Drexel1 Bedroom 1 Bath Apartment1BR,1BA$895
8051 S Ingleside1 Bedroom 1 Bath Apartment with Dining1BR,1BA$895

Best Value Apartments for Rent in South Side, IL

As of August 02, 2026 the best value apartment in the South Side area is the $0.84 price per square foot 7942 S Lafayette Ave Model at 7942 S Lafayette Ave, Unit The South Side Estate in the in the Chatham neighborhood starting from $1,950. The second greatest value South Side apartment is the 7914 S Champlain Ave Model at 7914 S Champlain Ave starting at $1,800 with a $1.20 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.
7942 S Lafayette Ave, Unit The South Side Estate7942 S Lafayette Ave3BR,1BA$0.84
7914 S Champlain Ave7914 S Champlain Ave3BR,1BA$1.20
8230 S Ellis Ave, Unit 38230 S Ellis Ave2BR,1BA$1.00
8040 S Evans Ave8040 S Evans Ave3BR,1BA$1.22
8120 S Ellis Ave, Unit 28120 S Ellis Ave2BR,1BA$1.10
7652 S Peoria St904 W. 77th St.3BR,1BA$1.21
8014 S Maryland2 Bedroom 1 Bath Apartment2BR,1BA$1.14
8056 S Drexel2 Bedroom 1 Bath Apartment2BR,1BA$1.34
7949 S Ellis2 Bedroom 1 Bath Apartment2BR,1BA$1.23
84th Place & Ingleside1 Beds, 1 Baths1BR,1BA$1.13

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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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 #120

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 $950 at 1155 W 83rd St.

What is the most affordable South Side Three Bedroom Apartment?

The best deal on a cheap South Side Three Bedroom Apartment rental is at 963 E 84th St and starts from $1,275.

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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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

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Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

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