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Cheap 1 Bedroom Apartments for Rent in the Southwest Chicago Neighborhood of Chicago, IL from $450 (533 Rentals) Page 3 of 11
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Rent Specials
$1,4751 Bedroom Apartments Available Jan 7, 2026
The Trilogy at Hyde Park
1310-1316 E Hyde Park BlvdChicago, IL 60615
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Rent Specials
$1,4851 Bedroom Apartments Available Jan 8, 2026
Mayfair Apartments
5496 S Hyde Park BlvdChicago, IL 60615
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$1,4901 Bedroom Apartments Available Jan 18, 2026
165 N Desplaines St
165 N Desplaines StChicago, IL 60661
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$1,5301 Bedroom Apartments Available Feb 1, 2026
1000 S Michigan Ave
1000 S Michigan AveChicago, IL 60605
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$1,5401 Bedroom Apartments Available Jan 20, 2026
1035 W Van Buren St
1035 W Van Buren StChicago, IL 60607
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$1,6001 Bedroom Apartments Available Feb 16, 2026
903 S Ashland Ave
903 S Ashland AveChicago, IL 60607
610 E 74th St
ChicagoIL60619
1661 S Homan Ave
ChicagoIL60623
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Southwest Chicago, Chicago, IL Local Guide
How much does it cost to rent an apartment in Southwest Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest Chicago Studio Apartments | $1,753 | $575 | $4,785 |
Southwest Chicago 1 Bedroom Apartments | $2,184 | $450 | $7,465 |
| Southwest Chicago 2 Bedroom Apartments | $2,403 | $750 | $10,000+ |
| Southwest Chicago 3 Bedroom Apartments | $2,578 | $800 | $10,000+ |
| Southwest Chicago 4 Bedroom Apartments | $2,287 | $1,040 | $10,000+ |
| Southwest Chicago 5 Bedroom Apartments | $5,647 | $1,925 | $10,000+ |
| Southwest Chicago 6 Bedroom Apartments | $20,802 | $10,000 | $10,000+ |
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Frequently Asked Questions about Cheap Southwest Chicago Apartments
What is a cheap apartment in Southwest Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Chicago is under $850.
What is the price of a cheap apartment in Southwest Chicago?
The cheapest apartment in Southwest Chicago is The Talman Building which is listed at $850, while the average apartment in Southwest Chicago costs $27,254.
What types of apartments are the cheapest in Southwest Chicago?
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 439 regular apartments in Southwest Chicago 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 Southwest Chicago?
Cheap apartments in Southwest Chicago have an average cost of $431 which is $26,823 cheaper than the average rent for all rentals in Southwest Chicago.
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
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.
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.
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.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!