Cheap Apartments for Rent in the Gresham Neighborhood of Chicago, IL from $500 (93 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article
close
View Me
1370-1380 W 79th St
Studio to 2 Bedroom Apartments

1370-1380 W 79th St

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

8100 S Justine St

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

8000 S Marshfield Ave

8000 S Marshfield 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.

Read Article
close
View Me
8201 S Marshfield Ave
Studio to 1 Bedroom Apartments

8201 S Marshfield Ave

8201 S Marshfield AveChicago, IL 60620
  • Utilities Included
close
View Me
9101-9109 S Beverly Ave
Studio to 2 Bedroom Apartments

9101-9109 S Beverly Ave

9101-9109 S Beverly AveChicago, IL 60620
  • Utilities Included
close
View Me
8515 S Green St
1 to 2 Bedroom Apartments

8515 S Green St

8515 S Green StChicago, IL 60620

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

Read Article
close
View Me
7555 S Hermitage Ave
1 Bedroom Apartments

7555 S Hermitage Ave

7555 S Hermitage AveChicago, IL 60620
  • Utilities Included
  • Smoke Free
close
View Me
8057 S Marshfield Ave
Studio to 2 Bedroom Apartments

8057 S Marshfield Ave

8057 S Marshfield AveChicago, IL 60620
  • Utilities Included
close
View Me
8052 S Laflin St
1 to 2 Bedroom Apartments

8052 S Laflin St

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

Winchester Suites

7757-7759 S Winchester AveChicago, IL 60620
  • Utilities Included
close
View Me
1615 W 77th St
1 to 3 Bedroom Apartments

1615 W 77th St

1615 W 77th StChicago, IL 60620
close
View Me
7800 S Laflin Street
1 to 3 Bedroom Apartments

7800 S Laflin Street

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

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

Read Article
Showing Results 1-50, Page 1 of 2

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. Auburn Gresham Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Gresham apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$700
Auburn Gresham ApartmentsStudio ApartmentStudio,1BA$775
1735-1739 W 79th StStudio ApartmentStudio,1BA$790
8001 S Marshfield AveStudio ApartmentStudio,1BA$795
8201 S Ada St1325 W. 82nd StreetStudio,1BA$800
7701-7707 S Stewart AveStudio ApartmentStudio,1BA$845
8256-8258 S Loomis BlvdStudio ApartmentStudio,1BA$885
1348 W 83rd St2 BR2BR,1BA$900
8057 S Marshfield Ave1 Bedroom 1 Bath Apartment1BR,1BA$900
7825-7831 S Emerald Ave1 Bedroom 1 Bath Apartment1BR,1BA$970

Best Value Apartments for Rent in Gresham, IL

As of April 14, 2026 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 8128 S Marshfield Ave Model at 8128 S Marshfield Ave, Unit Second floor starting at $1,350 with a $0.90 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 ListingModel NameBed/BathPrice Per Sq.Ft.
8010 S Marshfield Ave, Unit 18010 S Marshfield Ave2BR,1BA$0.87
8128 S Marshfield Ave, Unit Second floor8128 S Marshfield Ave3BR,1BA$0.90
7501-7509 S Stewart Ave2 bed 1 bath 1200 SF2BR,1BA$1.20
8055 S Paulina St8055 S Paulina St1BR,1BA$1.33
7954-7956 S Justine St2 Bedroom 1 Bath Apartment2BR,1BA$1.23
1348 W 83rd St1 BR1BR,1BA$1.06
Auburn Gresham Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.26
7800-06 S Morgan2 Bedroom 1 Bath Apartment2BR,1BA$1.39
7701 S May St2 Bedroom 1 Bath Apartment2BR,1BA$1.40
7914 S Hermitage Ave1 Bedroom 1 Bath Apartment1BR,1BA$1.33

Frequently Asked Questions about Cheap Gresham Apartments

What is a cheap apartment in Gresham?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Gresham is under $970.

What is the price of a cheap apartment in Gresham?

The cheapest apartment in Gresham is 1155 W 83rd St which is listed at $800, while the average apartment in Gresham costs $1,750.

What types of apartments are the cheapest in Gresham?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Gresham that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Gresham?

Cheap apartments in Gresham have an average cost of $283 which is $1,467 cheaper than the average rent for all rentals in Gresham.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.