
Cheap 2 Bedroom Apartments for Rent in the Southwest Chicago Neighborhood of Chicago, IL from $500 (553 Rentals)


8702 S Escanaba Ave

6248 S Western Ave

1155 W 83rd St

6248 S Western Ave, Unit 6248 South Western Avenue

Boxelder Court

6160 S Martin Luther King Dr

4851 S Ashland Ave, Unit 3R

6610 S Rhodes Ave

Total Monthly Price
6610 S Rhodes Ave, Unit G
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1639 W 80th St, Unit 2

8310 S Paulina St, Unit 3

7028 S Clyde

8100 S Essex Ave

5504 S Wabash

9243 S Stony Island Ave

5657 S Indiana Ave

111 E 57th St

Total Monthly Price
2116 East 69th Street, Unit 1

2701 E 75th Pl, Unit G
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.

Total Monthly Price
7935 S Dante Ave, Unit #1

7710 S Ada St

2648 E 78th St, Unit G

The Boulevard at OC Living

7715 S South Shore

1150 S Mason Ave, Unit A2

8310 S Paulina St, Unit 2

Prairie Park Apartments

625 E Marquette Rd

Ironwood
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Abbott Square - 8143

4500 S Wood St, Unit 2M

8756 S Exchange Ave

7147 S Princeton Ave

Park Place Apartments

6618 S Maryland Ave

7848 S Burnham Ave, Unit 2N

8230 S Ellis Ave

LUELLA

Southland Village
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.

5932 S Morgan St

Park Apartments

9330 S Yates Blvd

4622 W Jackson Blvd, Unit 2

1228 W 33rd St, Unit 1

71 E 69th St

1210 W 83rd St

1843 W 54th St

9036 S Dauphin Ave

716 W 51st St
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.
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 | $1,855 | $600 | $4,966 |
| Southwest Chicago 1 Bedroom Apartments | $2,209 | $700 | $9,737 |
Southwest Chicago 2 Bedroom Apartments | $2,543 | $500 | $10,000+ |
| Southwest Chicago 3 Bedroom Apartments | $2,704 | $989 | $9,446 |
| Southwest Chicago 4 Bedroom Apartments | $2,447 | $924 | $10,000+ |
| Southwest Chicago 5 Bedroom Apartments | $3,509 | $2,695 | $4,000 |
| Southwest Chicago 6 Bedroom Apartments | $17,170 | $10,000 | $10,000+ |
Explore Chicago
Southwest Chicago, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Read ArticleBest 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
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSouthwest Chicago, Chicago, IL
Ranked #10
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Southwest Chicago, Chicago, IL
Talman Elementary School
Gage Park High School
School data provided by Great Schools
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 $775.
What is the price of a cheap apartment in Southwest Chicago?
The cheapest apartment in Southwest Chicago is 8702 S Escanaba Ave which is listed at $850, while the average apartment in Southwest Chicago costs $28,623.
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 197 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 $542 which is $28,081 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.