
Cheap Apartments for Rent in Chatham, IL from $300 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Chatham.


Chatham Crossing

Jacksonville Affordable Housing

Brainard Landings

Watch Street

Whispering Pines Apartments

Denison Place

Hunter Glen Apartments
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.

Cobblestone Apartments

The Raymond Apartments

New Eastlawn Apartments

Lake Pointe Apartments

Meadow View Landing

Pine Ridge Apartments

The Meadows at Durkin

Ravenwood Townhomes
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.

Capitol Plaza Apartments

The Boulevard Townhomes

Koke Mill Apartments

Huntington Ridge Apartments

Meadow View Place

Smart Choice Park

3TEN Apartments

Safe Harbor Properties
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.

The District Apartments

Lotts Landing Senior Apartments

759 E Lawrence St

The Hickox Collection

Morton Street Apartments

The Apartments at Liberty Rose

3500 N Dirksen Pkwy

830 E Rogers Ave
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.

1710 S Henry St

Butler Place

Pine Woods Apartments

619 S 5th St

1274 W Green St

1913 S 7th St

229 W Allen St

2404 S 11th St
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.

2136 S 9th St

2451 S 11th St

1816 S Pope Ave
Chatham, IL Local Guide

How much does it cost to rent an apartment in Chatham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chatham Studio Apartments | $1,262 | $675 | $1,900 |
| Chatham 1 Bedroom Apartments | $936 | $347 | $2,400 |
| Chatham 2 Bedroom Apartments | $1,118 | $408 | $3,400 |
| Chatham 3 Bedroom Apartments | $1,515 | $930 | $2,195 |
Browse Top Apartments in Chatham
See all Apartments in ChathamExplore Chatham
Chatham, IL Local Guide
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Cheapest Available Chatham Apartments for Rent and Nearby
 The cheapest available apartment rental in Chatham, IL is a 1 Bed unit found at Jacksonville Affordable Housing priced from $485. Whispering Pines Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Chatham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $485 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $800 |
| Chatham Crossing | Unit 839 | 1BR,1BA | $850 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $850 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $875 |
| Ravenwood Townhomes | Townhome | 2BR,1BA | $895 |
| Capitol Plaza Apartments | One Bedroom, One Bath | 1BR,1BA | $896 |
| The Boulevard Townhomes | Apartment | 2BR,1BA | $900 |
Best Value Apartments for Rent in Chatham, IL and Nearby
As of June 22, 2026 the best value apartment in the Chatham area is the $1.06 price per square foot Two Bedroom Model at Centre @ 501 Apartments in the in the Downtown Springfield neighborhood starting from $1,300. The second greatest value Chatham apartment is the Townhome Model at Ravenwood Townhomes starting at $895 with a $0.90 price per square foot . Here is today’s list of the best values for Chatham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Centre @ 501 Apartments | Two Bedroom | 2BR,1BA | $1.06 |
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.90 |
| Candles | B1 | 2BR,1.5BA | $1.06 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| Safe Harbor Properties | 2 Bdr 1 Bath with Balcony. Capitol View. | 2BR,1BA | $1.08 |
| 3TEN Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.05 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $1.03 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $1.00 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.88 |
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 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 Chatham, IL
Glenwood High School
Glenwood Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Chatham, IL Rentals by Map
See the most popular apartments and homes in Chatham, IL
Frequently Asked Questions about Cheap Chatham Apartments
How much is rent for a Cheap One Bedroom Chatham Apartment?
The lowest price for a Cheap One Bedroom Chatham Apartment is $485 at Jacksonville Affordable Housing.
What is the lowest price for a Cheap Two Bedroom Chatham Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Chatham is starting from $540 at Jacksonville Affordable Housing.
What is the most affordable Chatham Three Bedroom Apartment?
The best deal on a cheap Chatham Three Bedroom Apartment rental is at Candles and starts from $1,106.
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

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.

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.

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.

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.