Cheap Homes for Rent in the Chatham Neighborhood of Chicago, IL from $1,075 (11 Rentals)

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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

property at 312 E 83rd St
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

312 E 83rd St, Unit 1

312 E 83rd St
ChicagoIL60619

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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 8001 S Ellis priced from $740. 84th Place & Ingleside has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Chatham apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
8001 S EllisStudio ApartmentStudio,1BA$740
84th Place & Ingleside1 Beds, 1 Baths1BR,1BA$850
8640 S Ingleside1 Bedroom 1 Bath Apartment1BR,1BA$880
7917 S Drexel1 Bedroom 1 Bath Apartment1BR,1BA$895
8051 S Ingleside1 Bedroom 1 Bath Apartment with Dining1BR,1BA$895

Best Value Apartments for Rent in Chatham, IL

As of September 09, 2026 the best value apartment in the Chatham area is the $1.00 price per square foot 8230 S Ellis Ave Model at 8230 S Ellis Ave, Unit 3 in the in the Chatham neighborhood starting from $1,350. The second greatest value Chatham apartment is the 8040 S Evans Ave Model at 8040 S Evans Ave, Unit 1st floor starting at $1,650 with a $1.22 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.
8230 S Ellis Ave, Unit 38230 S Ellis Ave2BR,1BA$1.00
8040 S Evans Ave, Unit 1st floor8040 S Evans Ave3BR,1BA$1.22
7824 S Greenwood Ave, Unit G7824 S Greenwood Ave4BR,2BA$1.13
8219 S King Dr, Unit 1 west8219 S King Dr2BR,1BA$1.40
7451 S Eberhart Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.31
8056 S Drexel2 Bedroom 1 Bath Apartment2BR,1BA$1.34
7949 S Ellis2 Bedroom 1 Bath Apartment2BR,1BA$1.23
84th Place & Ingleside1 Beds, 1 Baths1BR,1BA$1.13
8127 S Ellis1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.39
8051 S Ingleside1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1.38

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 $850 to $2,350. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chatham ranging from $1,075 to $3,000.

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 $1,075 to $3,000 with an average monthly rent of $1,686.

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 $1,500 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,350.

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.

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