Cheap Homes for Rent in Washington Park Neighborhood of Chicago, IL from $1,300 (20 Rentals)

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

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.

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property at 5848 S Prairie Ave

$1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,775
Total Monthly Price
$1,775

2 Bedroom, 2 Bath Condo for Rent

Available Now

5848 S Prairie Ave, Unit G, Unit G

5848 S Prairie Ave
ChicagoIL60637

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Cheapest Available Washington Park Apartments for Rent

 

The cheapest available apartment rental in the Washington Park area of Chicago, IL is a Studio unit found at 6246 S. King Dr. priced from $710. Boxelder Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $965. Here are the most affordable Washington Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
6246 S. King Dr.EfficienciesStudio,1BA$710
Boxelder CourtTwo Bedroom 50% AMI2BR,1BA$965
5504 S Wabash2 Bedroom 1 Bath Apartment2BR,1BA$1,110
6125 S Wabash2 Bedroom 1 Bath Apartment2BR,1BA$1,120
KLEO Art ResidencesStudio 60%Studio,1BA$1,160

Best Value Apartments for Rent in Washington Park, IL

As of May 24, 2026 the best value apartment in the Washington Park area is the $0.87 price per square foot Three Bedroom 60% AMI Model at Prairie Park Apartments in the in the Washington Park neighborhood starting from $1,500. The second greatest value Washington Park apartment is the 6132 S Eberhart Ave Model at 6132 S Eberhart Ave, Unit G starting at $1,850 with a $1.09 price per square foot in the Washington Park neighborhood. Here is today’s list of the best values for Washington Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prairie Park ApartmentsThree Bedroom 60% AMI3BR,2BA$0.87
6132 S Eberhart Ave, Unit G6132 S Eberhart Ave3BR,1.5BA$1.09
5046 S Champlain3 Bedroom 1 Bath Apartment3BR,1BA$1.21
IronwoodTwo Bedroom 120%2BR,1BA$0.91
6224 S Dr Martin Luther King Jr2 Bedroom 1 Bath Apartment with Dining2BR,1BA$0.94
Park ApartmentsThree Bedroom 60% AMI3BR,2BA$1.51
5901 S Michigan2 Bedroom 1 Bath Apartment2BR,1BA$1.32
6000 S Prairie2 Bedroom 1 Bath Apartment2BR,1BA$1.44
Boxelder CourtOne Bedroom 50% AMI1BR,1BA$1.34
Southland Village2 Beds, 1 bath2BR,1BA$1.43

Frequently Asked Questions about Washington Park

What type of rentals are currently available in Washington Park?

There are currently 273 Apartments for Rent in Washington Park, IL with pricing that ranges from $600 to $9,984. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Washington Park ranging from $1,350 to $3,195.

What is the current price range for Rental Homes in Washington Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Washington Park ranges from $1,350 to $3,195 with an average monthly rent of $2,202.

How much are larger Three and Four Bedroom Rentals in Washington Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Washington Park range from $1,250 to $9,984, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,860.

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

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Articles, How-To's, and Tips

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.