
Cheap Apartments for Rent in Burnham, IL from $795 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Burnham.


14446 Torrence Avenue

441 Highland St

Ginger Ridge Apartments

4350 Sheffield Ave

402 Madisom

1540 Steiber St

Sandridge Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

203 142nd St

Douglas Pointe

Total Monthly Price
8 Waltham St, Unit 2F

The Banc Hammond

Total Monthly Price
500 Sibley Blvd, Unit 2nd Floor

Southmoor Apartments

51-53 Elizabeth Street

1573 State
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.

1677 State

1501-1503 State St

100 S Yates Ave

13943 S State St

348 Pulaski Rd

308 Elizabeth Street

1475 State St

470 Gordon
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Dorchester Townhomes

14507 Torrence Avenue

1309 Logan St

1633 Harbor

15020 Woodlawn Ave E

507 School St

464-470 Gordon Ave

1665 Harbor 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.

1685 Harbor Ave
Burnham, IL Local Guide

How much does it cost to rent an apartment in Burnham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Burnham Studio Apartments | $1,170 | $795 | $1,545 |
| Cheap Burnham 1 Bedroom Apartments | $1,381 | $900 | $1,995 |
| Cheap Burnham 2 Bedroom Apartments | $1,536 | $1,087 | $2,630 |
| Cheap Burnham 3 Bedroom Apartments | $1,736 | $1,175 | $2,435 |
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Burnham, IL Local Guide
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Cheapest Available Burnham Apartments for Rent
 The cheapest available apartment rental in Burnham, IL is a Studio unit found at 51-53 Elizabeth Street in the Bernice neighborhood priced from $800. Ginger Ridge Apartments in the Calumet City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Burnham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 51-53 Elizabeth Street | 0BR/1.0BA | Studio, 1BA | $800 |
| Ginger Ridge Apartments | The Redbud | 1BR, 1BA | $900 |
| 308 Elizabeth Street | 1 Bedroom 1 Bath Apartment with Dining | 1BR, 1BA | $1,145 |
| 1633 Harbor | 2 Bedroom 1 Bath Apartment | 2BR, 1BA | $1,230 |
| Douglas Pointe | 2x1 - 2x1 | 2BR, 1BA | $1,490 |
| The Banc Hammond | Units 311 to 911 | Studio, 1BA | $1,545 |
| 250 Yates Ave | 2 BD Glenwood | 2BR, 1BA | $1,580 |
| Harbor Point Estates | New Champion Homes | 3BR, 2BA | $1,650 |
Best Value Apartments for Rent in Burnham, IL
As of September 22, 2026 the best value apartment in the Burnham area is the $1.27 price per square foot Double & Single Used Model at Harbor Point Estates in the South Chicago neighborhood starting from $1,650. The second greatest value Burnham apartment is the 8 Waltham St Model at 8 Waltham St, Unit 2F in the Bernice neighborhood starting at $1,200 with a $1.09 price per square foot. Here is today’s list of the best values for Burnham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Harbor Point Estates | Double & Single Used | 3BR, 2BA | $1.27 |
| 8 Waltham St, Unit 2F | 8 Waltham St | 2BR, 1BA | $1.09 |
| Douglas Pointe | 3x2 - 3x2 | 3BR, 2BA | $1.87 |
| 305 Memorial Dr, Unit G | 305 Memorial Dr | 2BR, 1BA | $1.65 |
| 1016 E 150th Pl, Unit 2E | 1016 E 150th Pl | 2BR, 1BA | $1.72 |
| 250 Yates Ave | 2 BD Glenwood | 2BR, 1BA | $1.80 |
| 1527 Berg Dr, Unit 1 East | 1527 Berg Dr | 2BR, 1BA | $2.27 |
| 1633 Harbor | 2 Bedroom 1 Bath Apartment | 2BR, 1BA | $1.64 |
| Ginger Ridge Apartments | The Birch | 1BR, 1BA | $1.39 |
| The Banc Hammond | Units 311 to 911 | Studio, 1BA | $3.55 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Burnham, IL Rentals by Map
See the most popular apartments and homes in Burnham, IL
Frequently Asked Questions about Cheap Burnham Apartments
How much is rent for a Cheap One Bedroom Burnham Apartment?
The lowest price for a Cheap One Bedroom Burnham Apartment is $900 at Ginger Ridge Apartments.
What is the lowest price for a Cheap Two Bedroom Burnham Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Burnham is starting from $1,087 at Ginger Ridge Apartments.
What is the most affordable Burnham Three Bedroom Apartment?
The best deal on a cheap Burnham Three Bedroom Apartment rental is at Harbor Point Estates and starts from $1,450.
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.