Cheap Homes for Rent in Chatham Neighborhood of Chicago, IL from $1,100 (19 Rentals)

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

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Showing Results 1-19, Page 1 of 1

Cheapest Available Chatham Apartments for Rent

 

The cheapest available apartment rental in the Chatham area of Chicago, IL is a Studio unit found at 8208 S Drexel Ave priced from $765. 7924 S Vernon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Chatham apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
8208 S Drexel AveStudio ApartmentStudio,1BA$765
7924 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$835
7800 S Michigan AveStudio ApartmentStudio,1BA$845
8345-49 S Drexel Ave1 Bedroom 1 Bath Apartment1BR,1BA$870
8238 S Ellis Ave1 Bedroom 1 Bath Apartment with dining1BR,1BA$885

Best Value Apartments for Rent in Chatham, IL

As of December 04, 2025 the best value apartment in the Chatham area is the $0.90 price per square foot 8234 S Maryland Ave Model at 8234 S Maryland Ave, Unit 3 in the in the Chatham neighborhood starting from $1,800. The second greatest value Chatham apartment is the 8221 S Eberhart Ave Model at 8221 S Eberhart Ave, Unit 3 starting at $1,800 with a $1.13 price per square foot in the Chatham neighborhood. Here is today’s list of the best values for Chatham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8234 S Maryland Ave, Unit 38234 S Maryland Ave3BR,1BA$0.90
8221 S Eberhart Ave, Unit 38221 S Eberhart Ave3BR,2BA$1.13
7935 S Ellis Ave, Unit Apt 17935 S Ellis Ave3BR,1BA$1.06
8114 S Ellis Ave, Unit 3 Unit8114 S Ellis Ave2BR,1BA$1.18
7948 S Drexel Ave, Unit 27948 S Drexel Ave3BR,1BA$1.18
8017 S Vernon Ave2BD/1BA2BR,1BA$1.33
8642 S Maryland Ave1 Bed, 1 bath1BR,1BA$1.00
7924 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$0.98
8236 S Maryland Ave1 Bedroom 1 Bath Apartment with dining1BR,1BA$1.32
8148-56 S Ingleside1 Bedroom 1 Bath Apartment with dining1BR,1BA$1.29

Frequently Asked Questions about Chatham

What type of rentals are currently available in Chatham?

There are currently 431 Apartments for Rent in Chatham, IL with pricing that ranges from $700 to $13,065. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chatham ranging from $1,195 to $2,400.

What is the current price range for Rental Homes in Chatham?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chatham ranges from $1,195 to $2,400 with an average monthly rent of $1,799.

How much are larger Three and Four Bedroom Rentals in Chatham?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Chatham range from $1,275 to $2,731, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,350.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!