Cheap Homes for Rent in Chatham Neighborhood of Chicago, IL from $1,200 (24 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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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 $790. 8000-12 S Maryland Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. Here are the most affordable Chatham apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
8208 S Drexel AveStudio ApartmentStudio,1BA$790
8000-12 S Maryland Ave1 Bedroom 1 Bath Apartment1BR,1BA$860
7800 S Michigan AveStudio ApartmentStudio,1BA$865
7917-27 S Drexel Ave1 Bedroom 1 Bath Apartment1BR,1BA$875
8200-04 S Ingleside Ave1 Bedroom 1 Bath Apartment1BR,1BA$880

Best Value Apartments for Rent in Chatham, IL

As of November 14, 2025 the best value apartment in the Chatham area is the $0.98 price per square foot 8234 S Maryland Ave Model at 8234 S Maryland Ave, Unit 3 in the in the Chatham neighborhood starting from $1,950. 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$0.98
8221 S Eberhart Ave, Unit 38221 S Eberhart Ave3BR,2BA$1.13
8046 S Maryland Ave, Unit 2nd floor8046 S Maryland Ave2BR,1BA$0.87
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
8014 S Maryland Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.14
8642 S Maryland Ave1 Bed, 1 bath1BR,1BA$1.00
8236 S Maryland Ave1 Bedroom 1 Bath Apartment with dining1BR,1BA$1.32
8000-12 S Maryland Ave1 Bedroom 1 Bath Apartment1BR,1BA$1.27

Frequently Asked Questions about Chatham

What type of rentals are currently available in Chatham?

There are currently 436 Apartments for Rent in Chatham, IL with pricing that ranges from $700 to $10,888. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chatham ranging from $1,200 to $2,650.

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 $1,200 to $2,650 with an average monthly rent of $1,806.

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 $1,300 to $7,523, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,000. 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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The Rental Move-In Inspection Checklist: A Guide for Renters

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The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.