
Cheap Homes for Rent in Gresham Neighborhood of Chicago, IL from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Gresham area of Chicago.


7634 S Aberdeen St

1136 W 84th St

1613 W 87th St

7836 S Sangamon St

8617 S Ashland Ave
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.

1553 W 83rd St

8936 S Ashland Ave

7642 S Eggleston Ave

7819 S Morgan St

8246 S Racine Ave

1056 W 81st St, Unit 1
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.

8400 S Honore St
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 | $1,457 | $795 | $1,800 |
| Gresham 3 Bedroom Homes for Rent | $1,987 | $1,200 | $3,000 |
| Gresham 4 Bedroom Homes for Rent | $2,125 | $1,800 | $2,400 |
| Gresham 5 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Gresham Neighborhood of Chicago, IL.
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Cheapest Available Gresham Apartments for Rent
 The cheapest available apartment rental in the Gresham area of Chicago, IL is a Studio unit found at 1735 W 79th St 7906-10 S Hermitage Chicago, IL 60620 priced from $790. 8057-59 S Marshfield Chicago, IL 60620 has the second lowest priced unit, which is a Studio apartment currently listed from $815. Here are the most affordable Gresham apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1735 W 79th St 7906-10 S Hermitage Chicago, IL 60620 | Studio Apartment | Studio,1BA | $790 |
| 8057-59 S Marshfield Chicago, IL 60620 | Studio Apartment | Studio,1BA | $815 |
| 7701 S Stewart Ave Chicago, IL 60620 | Studio Apartment | Studio,1BA | $845 |
| 8109-17 S Ashland Ave Chicago, IL 60620 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $845 |
| 8256 S Loomis Blvd 1402-08 W 83rd Chicago, IL 60620 | Studio Apartment | Studio,1BA | $910 |
Best Value Apartments for Rent in Gresham, IL
As of March 09, 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 3 Bedroom 1 Bath Apartment Model at 7956 S Aberdeen St 1108-10 W 80th Chicago, IL 60620 starting at $1,500 with a $1.28 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 |
| 7956 S Aberdeen St 1108-10 W 80th Chicago, IL 60620 | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.28 |
| 7807 S Sangamon St, Unit 2 | 7807 S Sangamon St | 4BR,1BA | $1.27 |
| 7501-7509 S Stewart Ave | 2 bed 1 bath 1200 SF | 2BR,1BA | $1.20 |
| 8101 S Justine 1515-21 W 81st Chicago, IL 60620 | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.33 |
| 8311 S Racine Ave | 8311 S Racine Ave | 1BR,1BA | $1.22 |
| 7954 S Justine St 1538-42 E 80th Chicago, IL 60620 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.23 |
| 1717 W 77th St 7707 S Hermitage Chicago, IL 60620 | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1.19 |
| 7800-06 S Morgan Chicago, IL 60620 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.39 |
| 7914 S Hermitage Ave Chicago, IL 60620 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.33 |
Frequently Asked Questions about Gresham
What type of rentals are currently available in Gresham?
There are currently 391 Apartments for Rent in Gresham, IL with pricing that ranges from $900 to $3,000. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gresham ranging from $795 to $3,000.
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 $795 to $3,000 with an average monthly rent of $1,811.
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 $1,080 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,400.
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

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.

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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
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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.

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

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.

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.