Cheap Homes for Rent in Woodlawn Neighborhood of Chicago, IL from $700 (11 Rentals)

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

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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 $749. Academy at Drexel has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,320. Here are the most affordable Woodlawn apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5748 Blackstone By 3L LivingShared Kitchenette & BathroomStudio,1BA$749
Academy at Drexel1 bd 1bth (1x1dx)1BR,1BA$1,320
Oglesby Towers Apartments2 Bedrooms Floor Plan B1B2BR,2BA$1,911

Best Value Apartments for Rent in Woodlawn, IL

As of September 04, 2025 the best value apartment in the Woodlawn area is the $2.17 price per square foot 1358-4bA Model at 1358 E. 58th Street in the in the Hyde Park neighborhood starting from $4,395. The second greatest value Woodlawn apartment is the 6622 S University Ave Model at 6622 S University Ave, Unit 3 starting at $2,295 with a $1.35 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$2.17
6622 S University Ave, Unit 36622 S University Ave3BR,2BA$1.35
6402 S Greenwood Ave6402 S Greenwood Ave3BR,1BA$1.24
Woodlawn Apartments4 Bed/2 Bath4BR,2BA$1.51
6630 S Ingleside Ave, Unit 16630 S Ingleside Ave3BR,1BA$1.20
6528 S Maryland Ave, Unit 36528 S Maryland Ave3BR,2BA$1.53
6504 S Maryland Ave, Unit 26504 S Maryland Ave3BR,2BA$1.48
6715 S Ridgeland Ave, Unit 26715 S Ridgeland Ave2BR,1BA$1.39
Oglesby Towers Apartments2 Bedrooms Floor Plan B1B2BR,2BA$1.59
6217 S Kimbark Ave, Unit 3N6217 S Kimbark Ave3BR,2BA$1.88

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Woodlawn, Chicago, IL

Ranked #120

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Woodlawn

What type of rentals are currently available in Woodlawn?

There are currently 275 Apartments for Rent in Woodlawn, IL with pricing that ranges from $726 to $2,999. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Woodlawn ranging from $700 to $5,600.

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 $700 to $5,600 with an average monthly rent of $2,573.

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 $1,650 to $2,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $1,650.

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.