Average Rent in Gresham, Chicago, IL

Current Versus Historical Gresham, Chicago, IL Rents

Gresham rentals average $775 for a studio rental to $1,750 for a 4-bedroom rental. The median price of all currently available listings is $1,020, or roughly $16 per square feet.

For the apartment units and housing in May 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $63 (8.77%) year-over-year from $713 to $775. 1-bedroom rentals prices have increased by $2 (0.19%) year-over-year from $891 to $893. 2-bedroom rentals prices have decreased by $76 (-6.93%) year-over-year from $1,096 to $1,020. 3-bedroom rentals prices have increased by $46 (3.38%) year-over-year from $1,354 to $1,400. 4-bedroom rentals prices have increased by $394 (31.39%) year-over-year from $1,256 to $1,650. 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 4.62% this month. 1-bedroom rents have gone down by 0.56% this month. 2-bedroom rents have gone down by 9.87% this month. 3-bedroom rents have gone down by 1.75% this month. 4-bedroom rents have gone down by 11.01% this month.

Beds	Price / Sqft	May 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$19	$775	$713 (8.77%)	$633 (22.37%)
1 BR	$17	$893	$891 (0.19%)	$787 (13.45%)
2 BR	$16	$1,020	$1,096 (-6.93%)	$992 (2.86%)
3 BR	$14	$1,400	$1,354 (3.38%)	$1,133 (23.53%)
4+ BR	$15	$1,650	$1,256 (31.39%)	$1,467 (12.50%)

Historical Rents in Gresham, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Gresham

There are a total of 8 cities nearby Gresham. The average rent in Gresham is currently $1,950 per month. Our records show that Oak Park, IL, with an average rent of $1,399, 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 $2,650 per month.

Let's compare Gresham, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Gresham, Chicago, IL is 35.00% more affordable than other cities nearby. One bedrooms are about 72.21% more affordable. Two bedrooms in Gresham, Chicago, IL are about 101.84% more affordable. Finally, rent for three bedrooms are about 79.17% more affordable. Want more information? Check out the top 8 cities near Gresham, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,098	$1,260	$1,660	$1,399
Chicago, IL	$1,295	$1,695	$1,900	$1,750
Evanston, IL	$1,125	$1,595	$2,200	$1,900
Wheaton, IL	$1,150	$1,775	$2,188	$1,905
Schaumburg, IL	N/A	$1,914	$2,000	$1,995
Joliet, IL	N/A	$788	$2,045	$2,045
Aurora, IL	$995	$1,118	$2,073	$2,150
Naperville, IL	N/A	$1,488	$2,175	$2,650

Top Neighborhoods Near Gresham

There are a total of 21 neighborhoods in or near Gresham. Some of these neighborhoods include Chatham, South Shore, and Austin. We've included all of these top 21 neighborhoods in or near Gresham, Chicago, IL in the following chart.

The average rent for these 21 neighborhoods in or near Gresham, Chicago, IL is currently around $1,800 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty neighborhoods have a higher average rent than $1,800. Interestingly, the neighborhoods' average rent is higher than Gresham's average rent, which is only $1,020. Out of all the neighborhoods in or near Gresham, Chatham has the most affordable average rent at $915 per month. Whereas, at $2,975 average rent per month, The Loop is the most expensive neighborhood in or near Gresham. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Chatham, Chicago, IL	$713	$865	$970	$915
South Shore, Chicago, IL	$825	$935	$1,200	$1,070
Austin, Chicago, IL	$890	$1,015	$1,195	$1,153
Lawndale, Chicago, IL	$785	$1,000	$1,220	$1,300
Rogers Park, Chicago, IL	$1,025	$1,273	$1,800	$1,400
Edgewater, Chicago, IL	$1,050	$1,475	$1,975	$1,513
Ravenswood, Chicago, IL	$1,250	$1,595	$2,673	$1,550
Logan Square, Chicago, IL	$1,150	$1,595	$2,095	$1,595
Uptown, Chicago, IL	$1,150	$1,600	$2,423	$1,600
Lincoln Park, Chicago, IL	$1,595	$2,040	$3,050	$1,700
Humboldt Park, Chicago, IL	N/A	$1,295	$1,695	$1,800
Pilsen, Chicago, IL	$1,688	$1,538	$1,700	$1,800
Lakeview, Chicago, IL	$1,295	$1,950	$2,595	$1,945
Bronzeville, Chicago, IL	$1,000	$1,375	$2,000	$2,000
University Village - Little Italy, Chicago, IL	$1,477	$1,750	$2,100	$2,263
DePaul, Chicago, IL	$1,138	$1,995	$2,315	$2,295
Hyde Park, Chicago, IL	$1,225	$1,538	$1,900	$2,500
South Loop, Chicago, IL	$1,667	$2,100	$3,000	$2,530
West Town, Chicago, IL	N/A	$1,975	$3,043	$2,700
Near North Side, Chicago, IL	$1,880	$2,450	$3,655	$2,750
The Loop, Chicago, IL	$1,989	$2,200	$3,536	$2,975

Top Counties Near Gresham

There are a total of 21 counties located by Gresham, Chicago, IL. Some of these counties include North, IN, Thornton, IL, and Proviso, IL. The average rent for rentals in these counties is $1,814. That's roughly around $24 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is North, IN. It's average rent per month is $882. Vice versa, with an average rent of $2,300, Naperville, IL is the most expensive county by Gresham, Chicago, IL.

Typically, rent for studios in Gresham, Chicago, IL is 26.13% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Gresham, Chicago, IL is 59.78% more affordable than other counties nearby. Finally, rent for two bedrooms in Gresham, Chicago, IL is 92.40% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
North, IN	$388	$785	$1,095	$882
Thornton, IL	$858	$925	$1,250	$1,200
Proviso, IL	$1,300	$1,115	$1,600	$1,300
Oak Park, IL	$1,098	$1,260	$1,695	$1,399
Chicago, IL	$1,295	$1,675	$1,925	$1,750
Milton, IL	$1,150	$1,765	$2,173	$1,878
Evanston, IL	$1,125	$1,600	$2,200	$1,945
Downers Grove, IL	N/A	$1,638	$2,100	$1,965
Schaumburg, IL	N/A	$1,890	$2,000	$1,983
Naperville, IL	N/A	N/A	$2,100	$2,300

Top Zipcodes Near Gresham

There are a total of 34 zipcodes in or near Gresham, Chicago, IL. The average rent for all of these zipcodes is $1,821.

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
60620, Chicago, IL	$775	$895	$1,045	$1,043
60619, Chicago, IL	$740	$865	$1,045	$995
60629, Chicago, IL	$750	$925	$1,080	$1,048
60637, Chicago, IL	$1,138	$925	$1,295	$1,500
60649, Chicago, IL	$825	$930	$1,200	$1,070
60615, Chicago, IL	$1,155	$1,650	$1,775	$2,000
60617, Chicago, IL	$690	$905	$1,095	$1,200
60653, Chicago, IL	$875	$1,363	$2,065	$2,000
60608, Chicago, IL	$1,550	$1,350	$1,650	$1,798
60616, Chicago, IL	N/A	$1,913	$2,623	$2,075

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 $1,020. 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 $775 and an average price per square feet of $19.42. There are a total of 7 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 $895 and an average price per square feet of $17.28. There are a total of 20 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 $1,020 and an average price per square feet of $16.24. There are a total of 43 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 0.09%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by 0.03% year-over-year.

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

A reasonable rent price in Gresham, Chicago, IL is around $816/month. You can search for these reasonably priced rental listings on RentHop.