Cheap Homes for Rent in Gresham Neighborhood of Chicago, IL from $800 (10 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 $650. 808 W 76th St has the second lowest priced unit, which is a Studio apartment currently listed from $810. Here are the most affordable Gresham apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$650
808 W 76th StStudio ApartmentStudio,1BA$810
7701 S Stewart AveStudio ApartmentStudio,1BA$825

Best Value Apartments for Rent in Gresham, IL

As of July 22, 2025 the best value apartment in the Gresham area is the $0.73 price per square foot 8230 S Hermitage Ave Model at 8230 S Hermitage Ave, Unit 1 in the in the Auburn Gresham neighborhood starting from $1,600. The second greatest value Gresham apartment is the 9000 S Loomis St Model at 9000 S Loomis St, Unit 2 starting at $1,450 with a $0.97 price per square foot in the Beverly 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.
8230 S Hermitage Ave, Unit 18230 S Hermitage Ave3BR,1BA$0.73
9000 S Loomis St, Unit 29000 S Loomis St2BR,1BA$0.97
9021 S Justine St, Unit 9021 S. Justine 1S9021 S Justine St2BR,1BA$1.16
9011 S Laflin St, Unit 1st Floor9011 S Laflin St3BR,1BA$1.25
8352 S Peoria St, Unit 8352 S Peoria8352 S Peoria St3BR,1BA$1.36
1511 W 82nd St1511 W 82nd St2BR,1BA$1.47
8141 S Marshfield Ave, Unit 38141 S Marshfield Ave3BR,1BA$1.56
7944 S Paulina2 Bedroom 1 Bathroom Apartment2BR,1BA$1.59
1704 W 77th St1 Bedroom 1 Bath Apartment1BR,1BA$1.39
1735 W 79th St1 Bedroom 1 Bath Apartment1BR,1BA$1.31

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 $650 to $1,950. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gresham ranging from $800 to $3,395.

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 $800 to $3,395 with an average monthly rent of $1,841.

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.

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.