
Cheap Apartments for Rent in the Southwest Chicago Neighborhood of Chicago, IL from $500 (1,234 Rentals) Page 2 of 25
Search the lowest-cost Apartments available for rent right now in the Southwest Chicago area of Chicago.


Total Monthly Price
3744 S Wallace St, Unit 1R

22-26 N Pulaski Rd

Chicago Lawn Apartments

4901 S Drexel

5136 S Kimbark Ave

1439 W 93rd St

7131 S Yates

4851 S Ashland Ave, Unit 3R

9116 S Greenwood Ave
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

Total Monthly Price
4430 S Homan Ave, Unit 1

4850 W Adams St

6160 S Martin Luther King Dr

Total Monthly Price
6610 S Rhodes Ave, Unit G

6610 S Rhodes Ave

9116 S Loomis St

7805-7807 S Chappel Ave

Total Monthly Price
1402 W Flournoy St, Unit Anupama Sri Kota

Park Place Apartments

The Versailles Apartments
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

7609 S Coles

1639 W 80th St

8310 S Paulina St

Abbott Square - 8143

500 S Laramie

4721 S. Ellis Avenue

7608 S Saginaw Ave

7610 S Saginaw Ave

Lakeside Grant Manor

8100 S Essex Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Lake Meadows Apartments

5504 S Wabash

5168 S King Dr

2950 W 61st St

7028 S Clyde

9243 S Stony Island Ave

Chatham Grove

111 E 57th St

Total Monthly Price
2116 East 69th Street, Unit 1

7710 S Ada St
Southwest Chicago - One of the Best Affordable Neighborhoods in Chicago
Named as one of the Best Affordable Neighborhoods to rent in Chicago by our Chicago, IL Local Expert Nicole Harms. See how it ranks!

Total Monthly Price
2254 S Albany Ave, Unit Basement

9548 S Prairie Ave

1615 W 78th St, Unit 1

7122 S Wentworth Ave

Total Monthly Price
8725 S State St

5926 S Michigan Ave

Plaisance Apartments

4950 S Prairie Ave

Museum Walk Apartments

5172 S King Dr
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.
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 | $1,846 | $600 | $5,024 |
| Southwest Chicago 1 Bedroom Apartments | $2,201 | $800 | $9,037 |
| Southwest Chicago 2 Bedroom Apartments | $2,559 | $850 | $10,000+ |
| Southwest Chicago 3 Bedroom Apartments | $2,770 | $989 | $10,000+ |
| Southwest Chicago 4 Bedroom Apartments | $2,431 | $924 | $10,000+ |
| Southwest Chicago 5 Bedroom Apartments | $3,539 | $2,695 | $4,000 |
| Southwest Chicago 6 Bedroom Apartments | $16,983 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 1234 rentals with your search options within a 2 mile radius of the Southwest Chicago Neighborhood of Chicago, IL.
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Frequently Asked Questions about Cheap Southwest Chicago Apartments
What is the Cheapest Studio apartment in Southwest Chicago?
Currently the most affordable Cheap Studio Apartment in Southwest Chicago is at Highlands Tudor Manor - 55+ Community listed at $700.
How much is rent for a Cheap One Bedroom Southwest Chicago Apartment?
The lowest price for a Cheap One Bedroom Southwest Chicago Apartment is $800 at 1155 W 83rd St.
What is the lowest price for a Cheap Two Bedroom Southwest Chicago Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Southwest Chicago is starting from $850 at 8702 S Escanaba Ave.
What is the most affordable Southwest Chicago Three Bedroom Apartment?
The best deal on a cheap Southwest Chicago Three Bedroom Apartment rental is at Coleman Place At Legends South and starts from $170.
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

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.

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.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
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.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.