Average Rent in Chatham, Chicago, IL

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Current Versus Historical Chatham, Chicago, IL Rents

Chatham rentals average $1,050 for a 1-bedroom rental to $1,300 for a 3-bedroom rental. The median price of all currently available listings is $1,150, or roughly $1 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $899 (-99.56%) year-over-year from $903 to $4. 1-bedroom rentals prices have decreased by $34 (-3.66%) year-over-year from $934 to $900. 2-bedroom rentals prices have increased by $145 (12.83%) year-over-year from $1,130 to $1,275. 3-bedroom rentals prices have increased by $18 (1.20%) year-over-year from $1,458 to $1,475. 4-bedroom rentals prices have increased by $913 (58.40%) year-over-year from $1,563 to $2,475. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 97.96% this month. 1-bedroom rents have gone down by 18.67% this month. 2-bedroom rents have gone up by 2.00% this month. 3-bedroom rents have gone down by 0.56% this month. 4-bedroom rents have gone up by 16.47% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.24 $900 $934 (-3.66%) $793 (13.56%)
3 BR $1.18 $1,475 $1,458 (1.20%) $1,317 (12.03%)

Historical Rents in Chatham, Chicago, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Chatham

There are a total of 5 cities nearby Chatham. The average rent in Chatham is currently $2,125 per month. Our records show that Chicago, IL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Chatham, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,525 per month.

Let's compare Chatham, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 66.67% more affordable. Two bedrooms in Chatham, Chicago, IL are about inf% more affordable. Finally, rent for three bedrooms are about 121.15% more affordable. Want more information? Check out the top 5 cities near Chatham, Chicago, IL in the following chart.
City Studio 1 Bed 2 Bed All
Chicago, IL $1,275 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,995 $2,515 $2,043
Evanston, IL $1,195 $1,650 $2,200 $2,125
Wheaton, IL N/A $1,840 $2,350 $2,195
Naperville, IL N/A $1,675 $2,250 $2,525

Top Neighborhoods Near Chatham

There are a total of 14 neighborhoods in or near Chatham. Some of these neighborhoods include Edgewater, Rogers Park, and Uptown. We've included all of these top 14 neighborhoods in or near Chatham, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Chatham, Chicago, IL is currently around $1,980 per month. Meaning, only fourteen neighborhoods have a higher average rent than $1,980. Interestingly, the neighborhoods' average rent is higher than Chatham's average rent, which is only $1,150. Out of all the neighborhoods in or near Chatham, Rogers Park has the most affordable average rent at $1,550 per month. Whereas, at $2,705 average rent per month, South Loop is the most expensive neighborhood in or near Chatham. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Edgewater, Chicago, IL $1,100 $1,500 $2,100 $1,550
Rogers Park, Chicago, IL $1,145 $1,338 $1,850 $1,550
Uptown, Chicago, IL $1,095 $1,600 $2,200 $1,613
Ravenswood, Chicago, IL $1,220 $1,563 $2,475 $1,695
Albany Park, Chicago, IL $1,188 $1,423 $1,700 $1,700
West Rogers Park, Chicago, IL N/A $1,300 $1,700 $1,700
Humboldt Park, Chicago, IL N/A $1,550 $1,895 $1,975
Lincoln Park, Chicago, IL $1,450 $2,000 $3,300 $1,985
Logan Square, Chicago, IL $1,150 $1,793 $2,163 $2,048
Lakeview, Chicago, IL $1,298 $1,845 $2,585 $2,096
DePaul, Chicago, IL $1,545 $1,925 $2,398 $2,395
Bucktown, Chicago, IL $1,800 $2,400 $2,370 $2,500
Near North Side, Chicago, IL $1,858 $2,450 $3,530 $2,616
South Loop, Chicago, IL $1,698 $2,100 $3,000 $2,705

Top Counties Near Chatham

There are a total of 14 counties located by Chatham, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,113. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,600, Naperville, IL is the most expensive county by Chatham, Chicago, IL.

In comparison, rent for one bedroom listings in Chatham, Chicago, IL is 68.48% more affordable than other counties nearby. Finally, rent for two bedrooms in Chatham, Chicago, IL is inf% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chicago, IL $1,275 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,988 $2,475 $2,043
Downers Grove, IL N/A $1,788 $2,198 $2,100
Evanston, IL $1,195 $1,650 $2,200 $2,125
Milton, IL N/A $1,840 $2,320 $2,180
Naperville, IL N/A $1,675 $2,300 $2,600

Top Zipcodes Near Chatham

There are a total of 20 zipcodes in or near Chatham, Chicago, IL. The average rent for all of these zipcodes is $2,145.

The following chart includes the top 10 zipcodes in Chatham, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
60615, Chicago, IL $1,192 $1,700 $1,899 $1,950
60607, Chicago, IL $1,950 $2,490 $3,248 $3,000
60654, Chicago, IL $1,940 $2,500 $3,600 $2,550
60611, Chicago, IL $1,800 $2,400 $3,800 $2,900
60610, Chicago, IL $1,853 $2,299 $3,383 $2,646
60642, Chicago, IL $1,850 $2,201 $2,725 $2,700
60622, Chicago, IL $1,893 $2,098 $2,450 $2,390
60614, Chicago, IL $1,525 $2,298 $2,873 $2,395
60647, Chicago, IL $1,150 $1,795 $2,250 $2,163
60657, Chicago, IL $1,325 $1,927 $2,650 $2,127

Frequently Asked Questions - Chatham Average Rents

What is the average rent price in Chatham, Chicago, IL?
The average monthly rental price for Chatham, Chicago, IL apartments for rent is approximately $1,150. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Chatham, Chicago, IL rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Chatham, Chicago, IL.
How much is a studio apartment in Chatham, Chicago, IL?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Chatham.
How much is a one bedroom apartment in Chatham, Chicago, IL?
The average monthly rental price for one bedroom apartments is $1,050 and an average price per square feet of $1.24. There are a total of 2 one bedroom apartment listings currently available for rent in Chatham.
How much is a two bedroom apartment in Chatham, Chicago, IL?
The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 two bedroom apartment listings currently available for rent in Chatham.
How have rent prices in Chatham, Chicago, IL changed this year?
Rent prices for rentals in Chatham, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -1.00%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by 0.13%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in Chatham, Chicago, IL?
A reasonable rent price in Chatham, Chicago, IL is around $920/month. You can search for these reasonably priced rental listings on RentHop.
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