Cheap Homes for Rent in Southwest Chicago Neighborhood of Chicago, IL from $700 (392 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

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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. 5445 Ingleside By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $600. 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
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$600
1155 W 83rd StStudioStudio,1BA$650
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
Highlands Tudor Manor - 55+ CommunityStudioStudio,1BA$700
2207 E 75th StStudio ApartmentStudio,1BA$710
6246 S. King Dr.Two rm StudioStudio,1BA$750
South Shore Beach ApartmentsStudioStudio,1BA$825
7701 S Stewart AveStudio ApartmentStudio,1BA$835

Best Value Apartments for Rent in Southwest Chicago, IL

As of June 28, 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
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
6245 S Sacramento Ave, Unit 16245 S Sacramento Ave3BR,1BA$1.06
8010 S Marshfield Ave, Unit 18010 S Marshfield Ave2BR,1BA$0.87
8915 S Exchange Ave, Unit 38915 S Exchange Ave4BR,1BA$1.07
7730 S Essex Ave, Unit 17730 S Essex Ave3BR,1BA$1.00
8046 S Maryland Ave, Unit 1st floor8046 S Maryland Ave1BR,1BA$0.82

Quick 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.

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Frequently Asked Questions about Southwest Chicago

What type of rentals are currently available in Southwest Chicago?

There are currently 7506 Apartments for Rent in Southwest Chicago, IL with pricing that ranges from $575 to $22,810. There are also 1382 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Chicago ranging from $700 to $58,000.

What is the current price range for Rental Homes in Southwest Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Chicago ranges from $700 to $58,000 with an average monthly rent of $2,737.

How much are larger Three and Four Bedroom Rentals in Southwest Chicago?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southwest Chicago range from $1,000 to $16,820, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $8,500. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,040.

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.