Average Rent in Gresham, Chicago, IL

Current Versus Historical Gresham, Chicago, IL Rents

Gresham rentals average $1,325 for a 2-bedroom rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $1,350, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $99 (12.01%) year-over-year from $826 to $925. 1-bedroom rentals prices have increased by $372 (42.80%) year-over-year from $868 to $1,240. 2-bedroom rentals prices have increased by $179 (15.64%) year-over-year from $1,146 to $1,325. 3-bedroom rentals prices have increased by $142 (10.06%) year-over-year from $1,408 to $1,550. 4-bedroom rentals prices have increased by $279 (14.92%) year-over-year from $1,871 to $2,150. 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 up by 49.92% this month. 1-bedroom rents have gone up by 3.33% this month. 2-bedroom rents have gone up by 1.15% this month. 3-bedroom rents have gone down by 3.13% this month. 4-bedroom rents have gone up by 11.46% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$1.46	$1,325	$1,146 (15.64%)	$995 (33.17%)

Historical Rents in Gresham, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Gresham

There are a total of 6 cities nearby Gresham. The average rent in Gresham is currently $2,210 per month. Our records show that Evanston, IL, with an average rent of $1,955, is the most affordable city nearby. In contrast, the most expensive city near Gresham, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,825 per month.

Let's compare Gresham, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in Gresham, Chicago, IL are about 69.81% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 6 cities near Gresham, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,595	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,030
Schaumburg, IL	N/A	$1,995	$2,350	$2,100
Wheaton, IL	N/A	$1,960	$2,320	$2,320
Aurora, IL	N/A	$1,300	$1,963	$2,395
Naperville, IL	N/A	$1,650	$2,200	$2,825

Top Neighborhoods Near Gresham

There are a total of 13 neighborhoods in or near Gresham. Some of these neighborhoods include Edgewater, Uptown, and Rogers Park. We've included all of these top 13 neighborhoods in or near Gresham, Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near Gresham, Chicago, IL is currently around $1,863 per month. Meaning, only thirteen neighborhoods have a higher average rent than $1,863. Interestingly, the neighborhoods' average rent is higher than Gresham's average rent, which is only $1,350. Out of all the neighborhoods in or near Gresham, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,800 average rent per month, South Loop is the most expensive neighborhood in or near Gresham. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,120	$1,550	$2,200	$1,550
Uptown, Chicago, IL	$1,100	$1,600	$2,595	$1,600
Rogers Park, Chicago, IL	$1,150	$1,350	$1,850	$1,600
Ravenswood, Chicago, IL	$1,210	$1,595	$2,775	$1,640
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,698
Albany Park, Chicago, IL	$1,048	$1,420	$1,900	$1,775
Lincoln Park, Chicago, IL	$1,390	$1,925	$2,795	$1,863
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,906
Lakeview, Chicago, IL	$1,343	$1,895	$2,590	$2,092
Hyde Park, Chicago, IL	$1,250	$1,698	$1,887	$2,198
DePaul, Chicago, IL	$1,665	$2,290	$2,400	$2,395
Near North Side, Chicago, IL	$1,860	$2,399	$3,500	$2,569
South Loop, Chicago, IL	$1,700	$2,200	$3,000	$2,800

Top Counties Near Gresham

There are a total of 13 counties located by Gresham, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,142. That's roughly around $2 per sqft. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,955. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by Gresham, Chicago, IL.

In comparison, rent for one bedroom listings in Gresham, Chicago, IL is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Gresham, Chicago, IL is 69.81% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,595	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,030
Schaumburg, IL	N/A	$1,995	$2,350	$2,095
Downers Grove, IL	N/A	$1,828	$2,200	$2,188
Milton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,175	$2,700

Top Zipcodes Near Gresham

There are a total of 21 zipcodes in or near Gresham, Chicago, IL. The average rent for all of these zipcodes is $2,075.

The following chart includes the top 10 zipcodes in Gresham, 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	$1,275	$1,698	$1,925	$2,099
60608, Chicago, IL	N/A	$1,375	$1,850	$2,075
60607, Chicago, IL	$1,700	$2,400	$3,275	$3,148
60654, Chicago, IL	$1,945	$2,500	$3,525	$2,500
60611, Chicago, IL	$1,800	$2,305	$3,650	$2,725
60610, Chicago, IL	$1,860	$2,300	$3,450	$2,658
60642, Chicago, IL	$1,929	$2,225	$2,850	$2,700
60622, Chicago, IL	$1,893	$2,100	$2,438	$2,438
60647, Chicago, IL	$1,250	$1,848	$2,150	$2,048
60614, Chicago, IL	$1,663	$2,295	$2,862	$2,300

Frequently Asked Questions - Gresham Average Rents

What is the average rent price in Gresham, Chicago, IL?

The average monthly rental price for Gresham, Chicago, IL apartments for rent is approximately $1,350. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Gresham, 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 Gresham, Chicago, IL.

How much is a studio apartment in Gresham, 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 Gresham.

How much is a one bedroom apartment in Gresham, Chicago, IL?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in Gresham.

How much is a two bedroom apartment in Gresham, Chicago, IL?

The average monthly rental price for two bedroom apartments is $1,325 and an average price per square feet of $1.46. There are a total of 4 two bedroom apartment listings currently available for rent in Gresham.

How have rent prices in Gresham, Chicago, IL changed this year?

Rent prices for rentals in Gresham, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.43%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in Gresham, Chicago, IL?

A reasonable rent price in Gresham, Chicago, IL is around $1,080/month. You can search for these reasonably priced rental listings on RentHop.