
Cheap Apartments for Rent in the Gresham Neighborhood of Chicago, IL from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Gresham area of Chicago.


First InSite 7959 S Ashland Apartments
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.
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.
Gresham, Chicago, IL Local Guide

How much does it cost to rent an apartment in Gresham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gresham Studio Apartments | $915 | $830 | $1,000 |
| Gresham 1 Bedroom Apartments | $1,083 | $835 | $1,300 |
| Gresham 2 Bedroom Apartments | $1,394 | $1,000 | $1,700 |
| Gresham 3 Bedroom Apartments | $1,688 | $1,400 | $2,000 |
| Gresham 4 Bedroom Apartments | $1,633 | $1,400 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Gresham Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Cheapest Available Gresham Apartments for Rent
 The cheapest available apartment rental in the Gresham area of Chicago, IL is a Studio unit found at 808 W 76th St priced from $795. 7701 S Stewart Ave has the second lowest priced unit, which is a Studio apartment currently listed from $830. Here are the most affordable Gresham apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 808 W 76th St | Studio Apartment | Studio,1BA | $795 |
| 7701 S Stewart Ave | Studio Apartment | Studio,1BA | $830 |
| 7825 S Emerald Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $925 |
| 1815 W 77th St | 1 Bedroom 1 Bath Garden unit | 1BR,1BA | $935 |
| 7800-06 S Morgan | 1 Bedroom 1 Bath Apartment with dining | 1BR,1BA | $955 |
Best Value Apartments for Rent in Gresham, IL
As of November 29, 2025 the best value apartment in the Gresham area is the $0.87 price per square foot 8010 S Marshfield Ave Model at 8010 S Marshfield Ave, Unit 1 in the in the Auburn Gresham neighborhood starting from $1,300. The second greatest value Gresham apartment is the 7734 S Carpenter St Model at 7734 S Carpenter St, Unit 3rd starting at $1,300 with a $1.00 price per square foot in the Auburn Gresham neighborhood. Here is today’s list of the best values for Gresham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8010 S Marshfield Ave, Unit 1 | 8010 S Marshfield Ave | 2BR,1BA | $0.87 |
| 7734 S Carpenter St, Unit 3rd | 7734 S Carpenter St | 2BR,1BA | $1.00 |
| 7920 S Winchester Ave, Unit 1 | 7920 S Winchester Ave | 3BR,1BA | $1.38 |
| 8100 S Throop St | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.14 |
| 8139 S Marshfield Ave, Unit g | 8139 S Marshfield Ave | 2BR,1BA | $1.27 |
| 7807 S Sangamon St, Unit 2 | 7807 S Sangamon St | 4BR,1BA | $1.27 |
| 8311 S Racine Ave | 8311 S Racine Ave | 1BR,1BA | $1.22 |
| 7657-59 S Morgan | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.35 |
| 1720 W 76th St, Unit 202 | 1720 W 76th St | 2BR,1BA | $1.31 |
| 8101 S Justine | 2 Bedroom 1 Bath Garden unit | 2BR,1BA | $1.33 |
Getting Around the Gresham Neighborhood in Chicago, IL
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
61 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Gresham Apartments
How much is rent for a Cheap One Bedroom Gresham Apartment?
The lowest price for a Cheap One Bedroom Gresham Apartment is $835 at 7701 S Stewart Ave.
What is the lowest price for a Cheap Two Bedroom Gresham Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Gresham is starting from $1,030 at 7944 S Paulina.
What is the most affordable Gresham Three Bedroom Apartment?
The best deal on a cheap Gresham Three Bedroom Apartment rental is at 8100 S Throop St and starts from $1,280.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
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.










