Cheap Apartments for Rent in the Southwest Chicago Neighborhood of Chicago, IL from $500 (1,030 Rentals)

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

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Southwest Chicago, Chicago, IL Local Guide

Cheapest Available Southwest Chicago Apartments for Rent

 

The cheapest available apartment rental in the Southwest Chicago area of Chicago, IL is a 2 Beds unit found at 1524 W Garfield Blvd priced from $500. 1155 W 83rd St has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Southwest Chicago apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1524 W Garfield Blvd2 Beds, 1 bath2BR,1BA$500
1155 W 83rd StStudioStudio,1BA$650
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
2207 E 75th StStudio ApartmentStudio,1BA$710
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$712
5540 Hyde Park by 3L LivingEfficiency Studio - NorthStudio,1BA$724
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$726
6246 S. King Dr.Two rm StudioStudio,1BA$750
8640 S Ingleside AveStudio ApartmentStudio,1BA$810

Best Value Apartments for Rent in Southwest Chicago, IL

As of July 08, 2025 the best value apartment in the Southwest Chicago area is the $0.17 price per square foot 1914 W 21st Plz Model at 1914 W 21st Plz, Unit G in the in the University Village neighborhood starting from $1,700. The second greatest value Southwest Chicago apartment is the 8518 S Bennett Ave Model at 8518 S Bennett Ave, Unit 3 starting at $1,650 with a $0.43 price per square foot in the Avalon Park neighborhood. Here is today’s list of the best values for Southwest Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1914 W 21st Plz, Unit G1914 W 21st Plz2BR,1BA$0.17
8518 S Bennett Ave, Unit 38518 S Bennett Ave3BR,1BA$0.43
5344 S Carpenter St, Unit Duplex5344 S Carpenter St3BR,1BA$0.53
7845 S Kingston Ave, Unit 37845 S Kingston Ave3BR,2BA$0.53
7437-7439 S Chappel Ave3BD/2BA3BR,2BA$0.94
7914 S Champlain Ave, Unit 37914 S Champlain Ave4BR,1BA$1.00
8010 S Marshfield Ave, Unit 18010 S Marshfield Ave2BR,1BA$0.87
9000 S Loomis St, Unit 29000 S Loomis St2BR,1BA$0.97
7701 S Yates Blvd2 Bedroom 1 Bath Apartment with dining2BR,1BA$1.02
8046 S Maryland Ave, Unit 1st floor8046 S Maryland Ave1BR,1BA$0.82

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Southwest Chicago, Chicago, IL

Ranked #47

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southwest Chicago, Chicago, IL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for South Chicago, IL. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

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 $810.

What is the price of a cheap apartment in Southwest Chicago?

The cheapest apartment in Southwest Chicago is 1155 W 83rd St which is listed at $750, while the average apartment in Southwest Chicago costs $10,540.

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 140 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 $347 which is $10,193 cheaper than the average rent for all rentals in Southwest Chicago.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.