Cheap Apartments for Rent in Burnham, IL from $500 (34 Rentals)

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

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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Southmoor Apartments
Studio to 1 Bedroom Apartments

Southmoor Apartments

5946 Hohman AveHammond, IN 46320
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1573 State
Studio to 1 Bedroom Apartments

1573 State

1573-1575 State StCalumet City, IL 60409
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1501-1503 State St
1 to 2 Bedroom Apartments

1501-1503 State St

1501-1503 State StCalumet City, IL 60409

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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308 Elizabeth Street
Studio to 1 Bedroom Apartments

308 Elizabeth Street

308 Elizabeth StCalumet City, IL 60409
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1475 State St
1 to 2 Bedroom Apartments

1475 State St

1475 State StCalumet City, IL 60409
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634 Sibley
1 to 2 Bedroom Apartments

634 Sibley

634 Sibley BlvdCalumet City, IL 60409

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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470 Gordon
Studio to 2 Bedroom Apartments

470 Gordon

470 Gordon AveCalumet City, IL 60409
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1677 State
1 to 2 Bedroom Apartments

1677 State

1677-1685 State StCalumet City, IL 60409
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464-470 Gordon Ave
2 Bedroom Apartments

464-470 Gordon Ave

464-470 Gordon AveCalumet City, IL 60409

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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Showing Results 1-34, Page 1 of 1

Burnham, IL Local Guide

Cheapest Available Burnham Apartments for Rent and Nearby

 

The cheapest available apartment rental in Burnham, IL is a 1 Bed unit found at Ginger Ridge Apartments in the North River neighborhood priced from $900. 308 Elizabeth Street in the Bernice neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,145. Here is today’s list of the most affordable Burnham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ginger Ridge ApartmentsThe Redbud1BR,1BA$900
308 Elizabeth Street1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,145
Douglas Pointe Apartments2x12BR,1BA$1,164
634 Sibley1 Bedroom 1 Bath Apartment1BR,1BA$1,190
The Banc HammondTier 03 / Junior One Bedroom1BR,1BA$1,331
Harbor Point EstatesNew Champion Homes3BR,2BA$1,450

Best Value Apartments for Rent in Burnham, IL and Nearby

As of June 23, 2026 the best value apartment in the Burnham area is the $1.12 price per square foot Double & Single Used Model at Harbor Point Estates in the in the South Chicago neighborhood starting from $1,450. The second greatest value Burnham apartment is the 8 Waltham St Model at 8 Waltham St, Unit 1R starting at $975 with a $1.15 price per square foot in the Bernice neighborhood. Here is today’s list of the best values for Burnham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harbor Point EstatesDouble & Single Used3BR,2BA$1.12
8 Waltham St, Unit 1R8 Waltham St1BR,1BA$1.15
Douglas Pointe Apartments2x12BR,1BA$1.37
308 Elizabeth Street1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.76
Ginger Ridge ApartmentsThe Birch1BR,1BA$1.39
634 Sibley1 Bedroom 1 Bath Apartment1BR,1BA$2.13
The Banc HammondTier 12 / Junior One Bedroom1BR,1BA$2.83

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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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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Burnham, IL Rentals by Map

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See the most popular apartments and homes in Burnham, IL

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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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

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.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.