Apartments for Rent in Chatham, Chicago, IL

Chatham, Chicago apartment availability

Chatham's rental market offers a strong selection of listings, with an average of 208 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments offer desirable amenities, including hardwood floors, found in 66% of listings, and on-site laundry, available in 50% of rentals. Additionally, 27% of apartments in Chatham are pet-friendly, allowing small pets. With its varied housing options and amenities, Chatham is a great neighborhood to consider for renters seeking a convenient and comfortable living experience.

Chatham, Chicago rental market trends

Chatham, Chicago's rental market experienced an 8.8% year-over-year increase in average rent prices, reaching $1,011 per month in 2024. Renters can expect to pay around $878 for 1-bedrooms, $1,105 for 2-bedrooms, and $1,410 for 3-bedrooms. Studios, however, saw a slight decrease in rent prices, averaging $745 per month.

The most expensive month to rent in Chatham is December, with prices 19.5% higher than in June, the least expensive month. This trend suggests that renters looking for a deal should consider apartment hunting in the summer months when prices are lower. In contrast, those looking to rent in the winter months can expect to pay a premium. Overall, Chatham's rental market is experiencing steady growth, with 2-bedrooms seeing the largest year-over-year increase at 8.9%.

Why Chatham, Chicago is a great place to live

Chatham stands out as a neighborhood that seamlessly blends a passion for environmental sustainability with a vibrant social life.

For those prioritizing eco-friendliness, Chatham's focus on sustainable living is evident in its use of non-toxic paint, waste recycling and composting initiatives, and incorporation of sustainable materials in construction. The neighborhood's commitment to reducing its carbon footprint is further underscored by community solar projects and the implementation of low-flow fixtures. Abundant parks and recreation areas not only contribute to a greener environment but also enhance the quality of life for residents.

Simultaneously, Chatham's social scene thrives, thanks to its excellent transit frequency and type, well-planned street infrastructure, and a walk score that indicates easy access to local amenities. The neighborhood's age distribution contributes to a diverse and lively community, and a strong emphasis on safety ensures that residents can enjoy their social lives with peace of mind.