
Cheap Homes for Rent in Woodlawn Neighborhood of Chicago, IL from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Woodlawn area of Chicago.


6200 S Ingleside Ave

6716 S Merrill Ave

6716 S Merrill Ave, Unit 3E

6523 S Greenwood Ave
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.

6550 S Drexel Ave

6634 S Greenwood Ave

6100 S Dorchester Ave, Unit 2

6657 S Minerva Ave, Unit 1142-1W

6700 S South Shore Dr
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.
Woodlawn, Chicago, IL Local Guide

How much does it cost to rent a home in Woodlawn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Woodlawn 2 Bedroom Homes for Rent | $1,686 | $1,200 | $2,250 |
| Woodlawn 3 Bedroom Homes for Rent | $2,390 | $850 | $3,200 |
| Woodlawn 4 Bedroom Homes for Rent | $3,829 | $2,375 | $7,500 |
| Woodlawn 5 Bedroom Homes for Rent | $4,750 | $4,500 | $5,000 |
| Woodlawn 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Woodlawn Neighborhood of Chicago, IL.
Explore Chicago
Woodlawn, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5748 Blackstone By 3L Living | No Kitchenette with Shared Bathroom | Studio,1BA | $726 |
| Jeffery Parkway Apartments | Studio | Studio,1BA | $925 |
| Plaisance Apartments | Studio Floor Plan S1 | Studio,1BA | $1,084 |
Best Value Apartments for Rent in Woodlawn, IL
As of June 01, 2026 the best value apartment in the Woodlawn area is the $1.52 price per square foot 2 Bedrooms Floor Plan B2B Model at Oglesby Towers Apartments in the in the Woodlawn neighborhood starting from $1,846. The second greatest value Woodlawn apartment is the 3 Bedroom 1.5 Bath Plan A Model at Academy at Drexel starting at $1,825 with a $1.72 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oglesby Towers Apartments | 2 Bedrooms Floor Plan B2B | 2BR,2BA | $1.52 |
| Academy at Drexel | 3 Bedroom 1.5 Bath Plan A | 3BR,1.5BA | $1.72 |
| Cloisters | clo-1b1b | 1BR,1BA | $2.54 |
| 843 E Marquette Rd, Unit 1 | 843 E Marquette Rd | 4BR,1BA | $2.50 |
| 738 E Marquette Rd | 738 E Marquette Rd | 3BR,1BA | $2.20 |
| 1021 E 62nd St, Chicago, IL, 60637-2779 | 1 bed 1 Bath | 1BR,1BA | $1.31 |
| 6715 S Dorchester | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.42 |
| Jeffery Parkway Apartments | Studio | Studio ,1BA | $2.31 |
| Plaisance Apartments | Studio Floor Plan S1 | Studio ,1BA | $2.89 |
| 5748 Blackstone By 3L Living | Shared Kitchenette & Bathroom | Studio ,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.
Read ArticleBest 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
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Woodlawn, Chicago, IL
Carnegie Elementary School
Hyde Park Academy High School
Wadsworth PreK-8th STEM School
School data provided by Great Schools
Frequently Asked Questions about Woodlawn
What type of rentals are currently available in Woodlawn?
There are currently 276 Apartments for Rent in Woodlawn, IL with pricing that ranges from $726 to $4,150. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Woodlawn ranging from $750 to $7,500.
What is the current price range for Rental Homes in Woodlawn?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Woodlawn ranges from $750 to $7,500 with an average monthly rent of $3,022.
How much are larger Three and Four Bedroom Rentals in Woodlawn?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Woodlawn range from $1,665 to $3,760, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,375 and Four Bedroom Apartments start at $2,495.
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

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.

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.

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.

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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.