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Viewing 1-4 of 4 rentals in Chatham
What to Know About
Life in Chatham & Beyond
Chatham shares many of the great qualities that make Illinois a desirable place to live.
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 August 2025, Chatham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Chatham's average rent is 13.3% ($235) lower than the Illinois average of $1,766 and 14.5% ($259) lower than the U.S. average of $1,790.
Average Rent
$1,531
Monthly ChangeMonth Over Month Change
2.5% ($37)
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
26
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,147 | 0.2% ($2) | No change |
| 2 Beds | $1,460 | 0.3% ($4) | No change |
| 3 Beds | $1,701 | 0.2% ($4) | No change |
| Nearby Cities | Average Rent | Avg. Rent vs. ChathamAverage Rent vs. Chatham | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Loami | $926 | 39.5% ($605) | 25 days |
| Springfield | $988 | 35.5% ($543) | 25 days |
| Waverly | $922 | 39.8% ($609) | 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.
The average rent in Chatham, IL is $1,531 per month.
Apartments in Chatham typically rent for between $803 and $2,211 per month, with an average of $1,531 per month.
In Chatham, the average rent for a 1-bedroom apartment is $1,147 per month, for a 2-bedroom apartment, $1,460 per month, and a 3-bedroom apartment is $1,701 per month.
The average rent in Chatham is 14.5% ($259) lower than the national average of $1,790 per month.
The rental market in Chatham, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 10 rental properties available in Chatham, IL.
Based on the current averages, a household would need an annual income of $58,400 to comfortably afford a 2-bedroom apartment in Chatham.
