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Cheap Apartments for Rent in the Chatham Neighborhood of Chicago, IL from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chatham area of Chicago.
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from $850Studio to 1 Bedroom Apartments Available Now
The Townhouse Apartments
7022 S South Shore DrChicago, IL 60649
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from $8991 Bedroom Apartment Available Now
8046 S Maryland Ave, Unit Private Room
8046 S Maryland AveChicago, IL 60619
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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1 to 3 Bedroom Apartments
Chatham Park Village-Cooperative (Membership)
737 E 83rd PlChicago, IL 60619
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Chatham - One of the Best Affordable Neighborhoods in Chicago
Named as one of the Best Affordable Neighborhoods to rent in Chicago by our Chicago, IL Local Expert Nicole Harms. See how it ranks!
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Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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Showing Results 1-34, Page 1 of 1
Chatham, Chicago, IL Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Chatham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chatham Studio Apartments | $1,156 | $575 | $1,847 |
| Chatham 1 Bedroom Apartments | $1,444 | $750 | $2,799 |
| Chatham 2 Bedroom Apartments | $1,760 | $1,275 | $4,459 |
| Chatham 3 Bedroom Apartments | $1,722 | $1,375 | $2,300 |
| Chatham 4 Bedroom Apartments | $1,400 | $1,400 | $1,400 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Chatham Neighborhood of Chicago, IL.
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Cheapest Available Chatham Apartments for Rent
The cheapest available apartment rental in the Chatham area of Chicago, IL is a Studio unit found at 1155 W 83rd St priced from $650. 8208 S Drexel Ave has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Chatham apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1155 W 83rd St | Studio | Studio,1BA | $650 |
| 8208 S Drexel Ave | Studio Apartment | Studio,1BA | $745 |
| 6246 S. King Dr. | Two rm Studio | Studio,1BA | $750 |
| The Townhouse Apartments | Studio, 1 bath | Studio,1BA | $850 |
| 7927 S Ellis Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $860 |
| 1108 E 82nd St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $875 |
| 8155 S Maryland | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $880 |
| Chatham Apartments | 1 Bedroom | 1BR,1BA | $900 |
| 7800 S Michigan Ave | Studio Apartment | Studio,1BA | $940 |
Best Value Apartments for Rent in Chatham, IL
As of May 12, 2025 the best value apartment in the Chatham area is the $0.60 price per square foot 8046 S Maryland Ave Model at 8046 S Maryland Ave, Unit Private Room in the in the Chatham neighborhood starting from $899. The second greatest value Chatham apartment is the 7944 S Lafayette Ave Model at 7944 S Lafayette Ave, Unit 1 starting at $1,275 with a $0.94 price per square foot in the Chatham neighborhood. Here is today’s list of the best values for Chatham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8046 S Maryland Ave, Unit Private Room | 8046 S Maryland Ave | 1BR,1BA | $0.60 |
| 7944 S Lafayette Ave, Unit 1 | 7944 S Lafayette Ave | 2BR,1BA | $0.94 |
| 7730 S Michigan Ave, Unit 1st Floor | 7730 S Michigan Ave | 3BR,1BA | $1.25 |
| 8440-42 S Drexel Ave | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.20 |
| 8017 S Vernon Ave | 2BD/1BA | 2BR,1BA | $1.33 |
| 7943 S Drexel Ave, Unit 3 | 7943 S Drexel Ave | 4BR,1BA | $1.39 |
| 8139-8145 S Maryland Ave | 1BR/1.0BA | 1BR,1BA | $1.39 |
| 8155 S Maryland | 1 Bedroom 1 Bath Apartment with dining | 1BR,1BA | $1.41 |
| 8101 S Drexel Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.47 |
| Chatham Apartments | 1 Bedroom | 1BR,1BA | $1.44 |
Getting Around the Chatham Neighborhood in Chicago, IL
Walk Score®
84 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
Transit Score®
63 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Chatham Apartments
What is a cheap apartment in Chatham?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chatham is under $940.
What is the price of a cheap apartment in Chatham?
The cheapest apartment in Chatham is 1155 W 83rd St which is listed at $750, while the average apartment in Chatham costs $1,686.
What types of apartments are the cheapest in Chatham?
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 1 regular apartments in Chatham 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 Chatham?
Cheap apartments in Chatham have an average cost of $180 which is $1,506 cheaper than the average rent for all rentals in Chatham.
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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.
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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.