Cheap Apartments for Rent in the Woodlawn Neighborhood of Chicago, IL from $700 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Woodlawn 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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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.

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1140 E Marquette Rd
$2,000 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $2,250
Total Monthly Price
$2,000 - $2,250
2 to 3 Bedroom Apartment Available Apr 15

1140 E Marquette Rd

1140 E Marquette RdChicago, IL 60637
Affordability

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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6700 S Merrill Ave
1 to 3 Bedroom Apartments

6700 S Merrill Ave

6700 S Merrill AveChicago, IL 60649
  • Utilities Included
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6516 S University
1 to 3 Bedroom Apartments

6516 S University

6516 S University AveChicago, IL 60637
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Blackstone Court
Studio to 1 Bedroom Apartments

Blackstone Court

5724-5734 S Blackstone AveChicago, IL 60637
  • Utilities Included
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6650 S Drexel
2 Bedroom Apartments

6650 S Drexel

6650-6658 S Drexel AveChicago, IL 60637
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Island Terrace
1 to 3 Bedroom Apartments

Island Terrace

6430 S Stony Island AveChicago, IL 60637
  • Utilities Included
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Jackson Park Terrace
Studio to 4 Bedroom Apartments

Jackson Park Terrace

6040 S Harper AveChicago, IL 60637
  • Utilities Included

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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1021 E 62nd St
1 to 3 Bedroom Apartments

1021 E 62nd St

1021 E 62nd StChicago, IL 60637
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Park Station Lofts
1 to 3 Bedroom Apartments

Park Station Lofts

6300 S Maryland AveChicago, IL 60637
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1400 E 67th Pl
2 Bedroom Apartments

1400 E 67th Pl

1400 E 67th PlChicago, IL 60637
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6124-28 S. Ingleside Ave.
1 to 4 Bedroom Apartments

6124-28 S. Ingleside Ave.

6124 S Ingleside AveChicago, IL 60637
Student Housing
  • Utilities Included
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6424 S Ellis Ave
Studio to 3 Bedroom Apartments

6424 S Ellis Ave

6424 S Ellis AveChicago, IL 60637
  • Utilities Included

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!

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Showing Results 1-50, Page 1 of 2

Woodlawn, Chicago, IL Local Guide

Cheapest Available Woodlawn Apartments for Rent

 

The cheapest available apartment rental in the Woodlawn area of Chicago, IL is a Studio unit found at 5748 Blackstone priced from $726. Plaisance Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,077. Here are the most affordable Woodlawn apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5748 BlackstoneNo Kitchenette with Shared BathroomStudio,1BA$726
Plaisance ApartmentsStudio Floor Plan S3Studio,1BA$1,077
1400 E 67th Pl2 Bedroom 1 Bath Apartment2BR,1BA$1,235
Oglesby Towers Apartments1 Bedroom Floor Plan A21BR,1BA$1,262
Academy at Drexel3 Bedroom 1.5 Bath Plan B3BR,1BA$1,895
Cloistersclo-1b1c1BR,1BA$2,595

Best Value Apartments for Rent in Woodlawn, IL

As of April 12, 2026 the best value apartment in the Woodlawn area is the $2.41 price per square foot 1358-4bA Model at 1358 E. 58th Street in the in the Hyde Park neighborhood starting from $4,895. The second greatest value Woodlawn apartment is the 843 E Marquette Rd Model at 843 E Marquette Rd, Unit 1 starting at $2,500 with a $1.67 price per square foot in the Woodlawn neighborhood. Here is today’s list of the best values for Woodlawn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1358 E. 58th Street1358-4bA4BR,2BA$2.41
843 E Marquette Rd, Unit 1843 E Marquette Rd4BR,1BA$1.67
1412 E Marquette Rd, Unit Unit31412 E Marquette Rd2BR,1BA$1.29
6507 S Ingleside Ave, Unit 36507 S Ingleside Ave4BR,1BA$1.42
Cloistersclo-2b2a2BR,2BA$2.79
Academy at Drexel3 Bedroom 1.5 Bath Plan A3BR,1.5BA$1.79
843 E Marquette Rd, Unit 1843 E Marquette Rd4BR,1BA$2.50
1400 E 67th Pl2 Bedroom 1 Bath Apartment2BR,1BA$1.54
Oglesby Towers Apartments1 Bedroom Floor Plan A21BR,1BA$1.87
5748 BlackstoneShared Kitchenette & BathroomStudio ,1BA$2.66

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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Best 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

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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A 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

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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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Best Local Schools in
Woodlawn, Chicago, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap Woodlawn Apartments

What is a cheap apartment in Woodlawn?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Woodlawn is under $2,595.

What is the price of a cheap apartment in Woodlawn?

The cheapest apartment in Woodlawn is Oglesby Towers Apartments which is listed at $1,262, while the average apartment in Woodlawn costs $4,150.

What types of apartments are the cheapest in Woodlawn?

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 16 regular apartments in Woodlawn 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 Woodlawn?

Cheap apartments in Woodlawn have an average cost of $710 which is $3,440 cheaper than the average rent for all rentals in Woodlawn.

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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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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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.

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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.

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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

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.