Cheap Apartments for Rent in the Woodlawn Neighborhood of Chicago, IL from $700 (47 Rentals)

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

property at 6106 S University Ave

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

Studio, 1 Bath Home for Rent

Available Now

6106 S University Ave

ChicagoIL60637

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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738 E Marquette Rd, Unit 1
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
2 Bedroom Apartment Available Now

738 E Marquette Rd, Unit 1

738 E Marquette RdChicago, IL 60637
Affordability
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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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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

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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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
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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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Park Station Lofts
1 to 3 Bedroom Apartments

Park Station Lofts

6300 S Maryland AveChicago, IL 60637

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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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
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6733 S Merrill Ave
3 Bedroom Apartments

6733 S Merrill Ave

6733 S Merrill AveChicago, IL 60649
  • Utilities Included
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Trianon Lofts
2 Bedroom Apartments

Trianon Lofts

803 E 61st StChicago, IL 60637
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-47, Page 1 of 1

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 By 3L Living priced from $726. Jeffery Parkway Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Woodlawn apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$726
Jeffery Parkway ApartmentsStudioStudio,1BA$925
Plaisance ApartmentsStudio Floor Plan S1Studio,1BA$1,099
Oglesby Towers ApartmentsStudio Floor Plan S1Studio,1BA$1,179
Cloistersclo-1b1a1BR,1BA$2,550
5715-5725 S. Kimbark Avenue57152ba2BR,1BA$3,095
1358 E. 58th Street1358-4bA4BR,2BA$4,895

Best Value Apartments for Rent in Woodlawn, IL

As of July 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 6321 S Drexel Ave Model at 6321 S Drexel Ave, Unit 3 starting at $1,900 with a $1.27 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
6321 S Drexel Ave, Unit 36321 S Drexel Ave3BR,1BA$1.27
Cloistersclo-2b2a2BR,2BA$2.79
5715-5725 S. Kimbark Avenue57153ba3BR,1BA$2.98
738 E Marquette Rd, Unit 1738 E Marquette Rd2BR,1BA$1.80
Jeffery Parkway ApartmentsStudioStudio ,1BA$2.31
Oglesby Towers ApartmentsStudio Floor Plan S1Studio ,1BA$2.95
Plaisance ApartmentsStudio Floor Plan S1Studio ,1BA$2.93
5748 Blackstone By 3L LivingShared Kitchenette & BathroomStudio ,1BA$2.66

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $4,895.

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 3 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 $1,059 which is $1,436 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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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

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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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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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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.

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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.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

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