Cheap Apartments for Rent in Burnham, IL from $795 (33 Rentals)

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

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.

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8 Waltham St, Unit 2F
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
2 Bedroom Apartment Available Now

8 Waltham St, Unit 2F

8 Waltham StHammond, IN 46320
Cost Per Sq.Ft.
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Southmoor Apartments
Studio to 1 Bedroom Apartments

Southmoor Apartments

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

1573 State

1573-1575 State StCalumet City, IL 60409
  • 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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1677 State
1 to 2 Bedroom Apartments

1677 State

1677-1685 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
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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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470 Gordon
Studio to 2 Bedroom Apartments

470 Gordon

470 Gordon AveCalumet City, IL 60409

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.

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1633 Harbor
1 to 2 Bedroom Apartments

1633 Harbor

1633 Harbor AveCalumet 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

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.

property at 1685 Harbor Ave
$1,400 - $1,500
1 To 2 Bedroom Rentals
Available Now

1685 Harbor Ave

Calumet CityIL60409

Burnham, IL Local Guide

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 ListingModel NameBed/BathPriced From
51-53 Elizabeth Street0BR/1.0BAStudio, 1BA$800
Ginger Ridge ApartmentsThe Redbud1BR, 1BA$900
308 Elizabeth Street1 Bedroom 1 Bath Apartment with Dining1BR, 1BA$1,145
1633 Harbor2 Bedroom 1 Bath Apartment2BR, 1BA$1,230
Douglas Pointe2x1 - 2x12BR, 1BA$1,490
The Banc HammondUnits 311 to 911Studio, 1BA$1,545
250 Yates Ave2 BD Glenwood2BR, 1BA$1,580
Harbor Point EstatesNew Champion Homes3BR, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Harbor Point EstatesDouble & Single Used3BR, 2BA$1.27
8 Waltham St, Unit 2F8 Waltham St2BR, 1BA$1.09
Douglas Pointe3x2 - 3x23BR, 2BA$1.87
305 Memorial Dr, Unit G305 Memorial Dr2BR, 1BA$1.65
1016 E 150th Pl, Unit 2E1016 E 150th Pl2BR, 1BA$1.72
250 Yates Ave2 BD Glenwood2BR, 1BA$1.80
1527 Berg Dr, Unit 1 East1527 Berg Dr2BR, 1BA$2.27
1633 Harbor2 Bedroom 1 Bath Apartment2BR, 1BA$1.64
Ginger Ridge ApartmentsThe Birch1BR, 1BA$1.39
The Banc HammondUnits 311 to 911Studio, 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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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!

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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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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.

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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.

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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.

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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.