Apartments & Homes for Rent in Chatham, IL

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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 April 2025, Chatham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Chatham's average rent is 19.9% ($348) lower than the Illinois average of $1,749 and 22.1% ($398) lower than the U.S. average of $1,799.

Average Rent
$1,401
Monthly ChangeMonth Over Month Change
Increased2.2% ($30)
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 $1,104 Increased0.4% ($4) No change
2 Beds $1,441 Decreased2% ($29) No change
3 Beds $1,772 Increased7.3% ($120) No change
Nearby Cities Average Rent Avg. Rent vs. ChathamAverage Rent vs. Chatham Avg. Days on MarketAverage Days on Market
Divernon $675 Decreased51.8% ($726) 26 days
Springfield $968 Decreased30.9% ($433) 25 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 $1,401 per month.
Homes in Chatham typically rent for between $773 and $2,304 per month, with an average of $1,401 per month.
In Chatham, the average rent for a 1-bedroom home is $1,104 per month, for a 2-bedroom home, $1,441 per month, and a 3-bedroom home is $1,772 per month.
The average rent in Chatham is 22.1% ($398) lower than the national average of $1,799 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 14 rental properties available in Chatham, IL.
Based on the current averages, a household would need an annual income of $57,640 to comfortably afford a 2-bedroom home in Chatham.
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