Cheap Homes for Rent in Gresham Neighborhood of Chicago, IL from $1,200 (13 Rentals)

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Search the lowest-cost Homes 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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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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Showing Results 1-13, Page 1 of 1

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. 808 W 76th St 7542-52 S Halsted Chicago, IL 60620 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
808 W 76th St 7542-52 S Halsted Chicago, IL 60620Studio ApartmentStudio,1BA$775
1735 W 79th St 7906-10 S Hermitage Chicago, IL 60620Studio ApartmentStudio,1BA$790
8001 S Marshfield Ave Chicago, IL 60620Studio ApartmentStudio,1BA$795
8201 S Ada St1325 W. 82nd StreetStudio,1BA$800

Best Value Apartments for Rent in Gresham, IL

As of April 24, 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 $1,490 with a $1.27 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
7956 S Aberdeen St 1108-10 W 80th Chicago, IL 606203 Bedroom 1 Bath Apartment3BR,1BA$1.27
7501-7509 S Stewart Ave2 bed 1 bath 1200 SF2BR,1BA$1.20
8055 S Paulina St8055 S Paulina St1BR,1BA$1.33
1348 W 83rd St1 BR1BR,1BA$1.06
7800 S Ashland Ave 1607-09 W 78th Chicago, IL 606202 Bedroom 1 Bath Apartment2BR,1BA$1.26
7800-06 S Morgan Chicago, IL 606202 Bedroom 1 Bath Apartment2BR,1BA$1.39
7701 S May Chicago, IL 606202 Bedroom 1 Bath Apartment2BR,1BA$1.40
7914 S Hermitage Ave Chicago, IL 606201 Bedroom 1 Bath Apartment1BR,1BA$1.33
8001 S Marshfield Ave Chicago, IL 60620Studio ApartmentStudio ,1BA$1.36

Frequently Asked Questions about Gresham

What type of rentals are currently available in Gresham?

There are currently 385 Apartments for Rent in Gresham, IL with pricing that ranges from $700 to $2,300. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gresham ranging from $1,200 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 $1,200 to $3,000 with an average monthly rent of $1,705.

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 $1,200 to $2,000, 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 $1,250.

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

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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.

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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.

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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.

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

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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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.

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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.