Cheap Apartments for Rent in the Gresham Neighborhood of Chicago, IL from $500 (102 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Gresham area of Chicago.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 7724 S Marshfield Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

2 Bedroom, 1 Bath Condo for Rent

Available Now

7724 S Marshfield Ave, Unit Garden Apt

7724 S Marshfield Ave
ChicagoIL60620

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.

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1370-1380 W 79th St
Studio to 2 Bedroom Apartments

1370-1380 W 79th St

1370-1380 W 79th StChicago, IL 60620
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8100 S Justine St
1 to 2 Bedroom Apartments

8100 S Justine St

8100 S Justine StChicago, IL 60620
  • Utilities Included
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8000 S Marshfield Ave
1 to 2 Bedroom Apartments

8000 S Marshfield Ave

8000 S Marshfield AveChicago, IL 60620
  • Utilities Included
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8001 S Marshfield
Studio to 1 Bedroom Apartments

8001 S Marshfield

8001 S Marshfield AveChicago, IL 60620
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8201 S Marshfield Ave
Studio to 1 Bedroom Apartments

8201 S Marshfield Ave

8201 S Marshfield AveChicago, IL 60620
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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8057 S Marshfield
Studio to 2 Bedroom Apartments

8057 S Marshfield

8057 S Marshfield AveChicago, IL 60620
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9101-9109 S Beverly Ave
Studio to 2 Bedroom Apartments

9101-9109 S Beverly Ave

9101-9109 S Beverly AveChicago, IL 60620
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8109 S Ashland
1 to 3 Bedroom Apartments

8109 S Ashland

8109 S Ashland AveChicago, IL 60620
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1815 W 77th
1 to 2 Bedroom Apartments

1815 W 77th

1815-1823 W 77th StChicago, IL 60620
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8515 S Green St
1 to 2 Bedroom Apartments

8515 S Green St

8515 S Green StChicago, IL 60620
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7555 S Hermitage Ave
1 Bedroom Apartments

7555 S Hermitage Ave

7555 S Hermitage AveChicago, IL 60620
  • Utilities Included
  • Smoke Free
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8259 S Loomis Blvd
1 to 2 Bedroom Apartments

8259 S Loomis Blvd

8259 S Loomis BlvdChicago, IL 60620
Senior Living
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8001 S Carpenter
1 to 2 Bedroom Apartments

8001 S Carpenter

8001-8003 S Carpenter StChicago, IL 60620
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7701 S Stewart
Studio to 2 Bedroom Apartments

7701 S Stewart

7701-7707 S Stewart AveChicago, IL 60620
  • Utilities Included

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.

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7800 S Morgan
1 to 2 Bedroom Apartments

7800 S Morgan

7800 S Morgan StChicago, IL 60620
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8052 S Laflin St
1 to 2 Bedroom Apartments

8052 S Laflin St

8052 S Laflin StChicago, IL 60620
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Winchester Suites
1 to 2 Bedroom Apartments

Winchester Suites

7757-7759 S Winchester AveChicago, IL 60620
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1738 W 77th
1 to 2 Bedroom Apartments

1738 W 77th

1738-1744 W 77th StChicago, IL 60620
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7701 S Ashland Ave
Studio to 2 Bedroom Apartments

7701 S Ashland Ave

7701 S Ashland AveChicago, IL 60620
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1615 W 77th
1 to 3 Bedroom Apartments

1615 W 77th

1615 W 77th StChicago, IL 60620
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1704 W 77th St
Studio to 2 Bedroom Apartments

1704 W 77th St

1704-1710 W 77th StChicago, IL 60620
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7800 S Laflin Street
1 to 3 Bedroom Apartments

7800 S Laflin Street

7800-7804 S Laflin StChicago, IL 60620
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 3

Cheapest Available Gresham Apartments for Rent

 

The cheapest available apartment rental in the Gresham area of Chicago, IL is a Studio unit found at 1155 W 83rd St priced from $700. 8201 S Ada St has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Gresham apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$700
8201 S Ada St1325 W. 82nd StreetStudio,1BA$800
8057 S MarshfieldStudio ApartmentStudio,1BA$815
1815 W 77th1 Bedroom 1 Bath Apartment1BR,1BA$875
7701 S Stewart1 Bedroom 1 Bath Apartment1BR,1BA$910
1738 W 77th1 Bedroom 1 Bath Apartment1BR,1BA$950
7756 S Marshfield2 Bedroom 1 Bath Apartment2BR,1BA$995
7914 S Hermitage1 Bedroom 1 Bath Apartment1BR,1BA$1,000
7643 S Stewart2 Bedroom 1 Bath Apartment2BR,1BA$1,025
8000 S Paulina1 Bedroom 1 Bath Apartment1BR,1BA$1,050

Best Value Apartments for Rent in Gresham, IL

As of July 14, 2026 the best value apartment in the Gresham area is the $0.93 price per square foot 9037 S Bishop St Model at 9037 S Bishop St in the in the Beverly neighborhood starting from $1,850. The second greatest value Gresham apartment is the 8628 S Marshfield Ave Model at 8628 S Marshfield Ave, Unit Mr Williams starting at $1,900 with a $1.19 price per square foot in the South Chicago neighborhood. Here is today’s list of the best values for Gresham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
9037 S Bishop St9037 S Bishop St2BR,1BA$0.93
8628 S Marshfield Ave, Unit Mr Williams8628 S Marshfield Ave3BR,1BA$1.19
8352 S Peoria St, Unit Apt 18352 S Peoria St3BR,1BA$1.40
8055 S Paulina St8055 S Paulina St1BR,1BA$1.33
7914 S Hermitage2 Bedroom 1 Bath Apartment2BR,1BA$1.48
7800 S Ashland2 Bedroom 1 Bath Apartment2BR,1BA$1.31
7800 S Morgan2 Bedroom 1 Bath Apartment2BR,1BA$1.39
7954 S Justine2 Bedroom 1 Bath Apartment2BR,1BA$1.40
1514 W 77th2 Bedroom 1 Bath Apartment2BR,1BA$1.48
1815 W 77th1 Bedroom 1 Bath Apartment1BR,1BA$1.17

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 $800 at 1155 W 83rd St.

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 $950 at 1155 W 83rd St.

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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