Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Chatham, IL

As of July 2025, Chatham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Chatham's average rent is 14.3% ($249) lower than the Illinois average of $1,743 and 15.8% ($281) lower than the U.S. average of $1,775.

Average Rent

$1,494

Monthly ChangeMonth Over Month Change

0.1% ($2)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,149	1.4% ($16)	No change
2 Beds	$1,464	1.5% ($21)	No change
3 Beds	$1,705	1.4% ($24)	No change

Nearby Cities	Average Rent	Avg. Rent vs. ChathamAverage Rent vs. Chatham	Avg. Days on MarketAverage Days on Market
Loami	$917	38.6% ($577)	25 days
Springfield	$976	34.7% ($518)	25 days
Waverly	$950	36.4% ($544)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Chatham Rental Market FAQs

Explore rental prices, market trends, and availability in Chatham, IL.

What is the average rent in Chatham, IL?

The average rent in Chatham, IL is $1,494 per month.

What is the rental price range for apartments in Chatham, IL?

Apartments in Chatham typically rent for between $804 and $2,217 per month, with an average of $1,494 per month.

What is the average rent for different bedroom sizes in Chatham, IL?

In Chatham, the average rent for a 1-bedroom apartment is $1,149 per month, for a 2-bedroom apartment, $1,464 per month, and a 3-bedroom apartment is $1,705 per month.

How do rent prices in Chatham, IL compare with the national average?

The average rent in Chatham is 15.8% ($281) lower than the national average of $1,775 per month.

How competitive is the rental market in Chatham, IL?

The rental market in Chatham, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Chatham, IL?

In Chatham, IL, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Chatham, IL?

There are currently 11 rental properties available in Chatham, IL.

Can I afford to rent an apartment in Chatham, IL?

Based on the current averages, a household would need an annual income of $58,560 to comfortably afford a 2-bedroom apartment in Chatham.