
Cheap Homes for Rent in the Chatham Neighborhood of Chicago, IL from $1,075 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Chatham area of Chicago.


7444 S Langley Ave

650 E 79th St, Unit 203

1133 E 81st St

658 E 81st St
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.

950 E 86th St

658 E 81st St

8220 S Langley Ave, Unit 3rd Floor

658 E 81st St, Unit G

312 E 83rd St, Unit 1
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.

8229 S Vernon Ave
Chatham, Chicago, IL Local Guide

How much does it cost to rent a home in Chatham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chatham 2 Bedroom Homes for Rent | $1,421 | $1,250 | $1,850 |
| Chatham 3 Bedroom Homes for Rent | $1,809 | $1,495 | $2,200 |
| Chatham 4 Bedroom Homes for Rent | $2,425 | $1,600 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Chatham Neighborhood of Chicago, IL.
Explore Chicago
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 8001 S Ellis | Studio Apartment | Studio,1BA | $740 |
| 84th Place & Ingleside | 1 Beds, 1 Baths | 1BR,1BA | $850 |
| 8640 S Ingleside | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $880 |
| 7917 S Drexel | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $895 |
| 8051 S Ingleside | 1 Bedroom 1 Bath Apartment with Dining | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8230 S Ellis Ave, Unit 3 | 8230 S Ellis Ave | 2BR,1BA | $1.00 |
| 8040 S Evans Ave, Unit 1st floor | 8040 S Evans Ave | 3BR,1BA | $1.22 |
| 7824 S Greenwood Ave, Unit G | 7824 S Greenwood Ave | 4BR,2BA | $1.13 |
| 8219 S King Dr, Unit 1 west | 8219 S King Dr | 2BR,1BA | $1.40 |
| 7451 S Eberhart Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.31 |
| 8056 S Drexel | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.34 |
| 7949 S Ellis | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.23 |
| 84th Place & Ingleside | 1 Beds, 1 Baths | 1BR,1BA | $1.13 |
| 8127 S Ellis | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1.39 |
| 8051 S Ingleside | 1 Bedroom 1 Bath Apartment with Dining | 1BR,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.
Helpful Local Expert Guides

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

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.

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.