7710 S Ada St
ChicagoIL60620
Cheap Homes for Rent in the Gresham Neighborhood of Chicago, IL from $950 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Gresham area of Chicago.
1206 W 83rd St
ChicagoIL60620
close
View Me
$1,2002 Bedroom Apartments Available Now
7806 S Throop St
7806 S Throop StChicago, IL 60620
close
View Me
$1,2252 Bedroom Apartments Available Now
7809 S Marshfield Ave, Unit 1
7809 S Marshfield AveChicago, IL 60620
1022 W 77th St
ChicagoIL60620
8046 S Hermitage Ave
ChicagoIL60620
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.
8139 S Peoria St
ChicagoIL60620
7922 S Marshfield Ave
ChicagoIL60620
7547 S Union Ave
ChicagoIL60620
7724 S Marshfield Ave, Unit Garden Apt
7724 S Marshfield Ave
ChicagoIL60620
8010 S Marshfield Ave, Unit 1
8010 S Marshfield Ave
ChicagoIL60620
close
View Me
$1,4002 Bedroom Apartments Available Now
7547 S Union Ave, Unit 1
7547 S Union AveChicago, IL 60620
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.
Showing Results 1-12, Page 1 of 1
Gresham, Chicago, IL Local Guide
How much does it cost to rent a home in Gresham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gresham 2 Bedroom Homes for Rent | $1,546 | $1,350 | $1,950 |
| Gresham 3 Bedroom Homes for Rent | $2,055 | $1,700 | $2,700 |
| Gresham 4 Bedroom Homes for Rent | $2,200 | $1,800 | $2,600 |
| Gresham 5 Bedroom Homes for Rent | $2,549 | $2,499 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Gresham Neighborhood of Chicago, IL.
Explore Chicago
Let everyone know!
Do you know the Gresham area?
If you’re an expert on all things Gresham, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $720. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1155 W 83rd St | Studio | Studio,1BA | $720 |
| 8201 S Ada St | 1325 W. 82nd Street | Studio,1BA | $800 |
| 7701 S Stewart | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $910 |
| 7654 S Peoria St Basement Apartment | 76 54 S Peoria St | 1BR,1BA | $950 |
| 7701 S Ashland Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $955 |
Best Value Apartments for Rent in Gresham, IL
As of September 11, 2026 the best value apartment in the Gresham area is the $0.56 price per square foot 7809 S Marshfield Ave Model at 7809 S Marshfield Ave, Unit 7809 South Marshfield #1 in the in the Auburn Gresham neighborhood starting from $1,225. The second greatest value Gresham apartment is the 8010 S Marshfield Ave Model at 8010 S Marshfield Ave, Unit 1 - First Floor starting at $1,300 with a $0.87 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. |
|---|---|---|---|
| 7809 S Marshfield Ave, Unit 7809 South Marshfield #1 | 7809 S Marshfield Ave | 2BR,1BA | $0.56 |
| 8010 S Marshfield Ave, Unit 1 - First Floor | 8010 S Marshfield Ave | 2BR,1BA | $0.87 |
| 9021 S Justine St, Unit 9021 S. Justine 1S | 9021 S Justine St | 2BR,1BA | $1.17 |
| 7712 S Carpenter St | 7712 S Carpenter St | 3BR,1BA | $1.83 |
| 7654 S Peoria St Basement Apartment | 76 54 S Peoria St | 1BR,1BA | $1.19 |
| 7957-59 S Wood St | 7957-59 S Wood (SOLD 7/16/2026) - 7959... | 1BR,1BA | $1.87 |
| 7800 S Morgan | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.42 |
| 1514 W 77th | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.48 |
| 8000 S Paulina | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.62 |
| 7701 S Ashland Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.95 |
Frequently Asked Questions about Gresham
What type of rentals are currently available in Gresham?
There are currently 384 Apartments for Rent in Gresham, IL with pricing that ranges from $745 to $2,200. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gresham ranging from $1,250 to $2,700.
What is the current price range for Rental Homes in Gresham?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Gresham ranges from $1,250 to $2,700 with an average monthly rent of $1,926.
How much are larger Three and Four Bedroom Rentals in Gresham?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Gresham range from $1,300 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,900.
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.