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Chatham, IL Homes for Rent

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  • 1830 Prairie Vista Dr, Chatham, IL 62629
    1830 Prairie Vista Dr, Chatham, IL 62629
    1830 Prairie Vista Dr, Chatham, IL 62629
    /34

    Starting at $1,250 Per Month

    • 2 Beds

    1830 Prairie Vista Dr, Chatham, IL 62629

    Amazing school district! Close to Springfield's west side, 15 minutes from downtown, and close to major highways. Largest 2BR apartments in the metro area! All newer construction!

    Prairie Vista

    1830 Prairie Vista Dr, Chatham, IL 62629
  • 404 Dalhlia Dr, Chatham, IL 62629
    404 Dalhlia Dr, Chatham, IL 62629
    404 Dalhlia Dr, Chatham, IL 62629
    /16

    $2,700 Per Month

    • 5 Beds
    • 3 Baths
    • House for Rent

    404 Dalhlia Dr, Chatham, IL 62629

    404 Dalhlia Dr, Chatham, IL 62629
  • 616 Wintergreen Dr, Chatham, IL 62629
    616 Wintergreen Dr, Chatham, IL 62629
    616 Wintergreen Dr, Chatham, IL 62629
    /21

    $2,795 Per Month

    • 4 Beds
    • 3 Baths
    • House for Rent

    616 Wintergreen Dr, Chatham, IL 62629

    616 Wintergreen Dr, Chatham, IL 62629
  • 1625 Magnolia Dr Unit 1625, Chatham, IL 62629
    1625 Magnolia Dr Unit 1625, Chatham, IL 62629
    1625 Magnolia Dr Unit 1625, Chatham, IL 62629
    /13

    $2,195 Per Month

    • 3 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 1625/1627 Magnolia

    1625 Magnolia Dr Unit 1625, Chatham, IL 62629

    1625 Magnolia Dr Unit 1625, Chatham, IL 62629
  • 112 Cottonwood Dr, Chatham, IL 62629
    112 Cottonwood Dr, Chatham, IL 62629
    112 Cottonwood Dr, Chatham, IL 62629
    /14

    $2,195 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    112 Cottonwood Dr, Chatham, IL 62629

    112 Cottonwood Dr, Chatham, IL 62629
  • 413 Dahlia, Chatham, IL 62629
    413 Dahlia, Chatham, IL 62629
    /2

    $2,700 Per Month

    • 4 Beds
    • 3 Baths
    • 413 DALHLIA

    413 Dahlia, Chatham, IL 62629

    413 Dahlia, Chatham, IL 62629
  • 508 Macy Ln, Chatham, IL 62629
    508 Macy Ln, Chatham, IL 62629
    /2

    $2,895 Per Month

    • 4 Beds
    • 3.5 Baths
    • House for Rent

    508 Macy Ln, Chatham, IL 62629

    508 Macy Ln, Chatham, IL 62629
  • 10 Winston Rd, Chatham, IL 62629
    10 Winston Rd, Chatham, IL 62629
    /2

    $1,695 Per Month

    • 3 Beds
    • 2 Baths
    • 1,750 Sq Ft
    • House for Rent

    10 Winston Rd, Chatham, IL 62629

    10 Winston Rd, Chatham, IL 62629
Illinois Sangamon County

Homes for Rent in Chatham, IL

Why Live in Chatham

Chatham, IL, is a rapidly growing suburb located just south of Springfield, offering a suburban lifestyle with a strong sense of community. The village is known for its highly rated Ball-Chatham School District and Glenwood High School, which attract many families to the area. Chatham's housing market features a variety of single-family homes, including midcentury ranch-style, split-level, and Colonial Revival houses, as well as larger New Traditional designs from recent decades. The community enjoys numerous attractions, such as Lake Springfield, the largest lake in Illinois, which is popular for boating and fishing. Local parks like Chatham Community Park and Jaycee Park provide ample recreational opportunities with sports fields, courts, and playgrounds. Main Street offers a mix of dining options, including Chatham Café and Sangamo Brewing, along with shopping centers featuring local restaurants and stores. Annual events like the Sweetcorn Festival and month-long Christmas celebrations foster a strong community spirit. Commuters can reach downtown Springfield in 20 to 25 minutes via Illinois Route 4 or Interstate 55, and Abraham Lincoln Capital Airport is a 25 to 30-minute drive away.

Learn more about living in Chatham

Frequently Asked Questions

How much does it cost to rent a home in Chatham, IL?
The median rent for a home in Chatham, IL is $2,447 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Chatham, IL?
To comfortably afford the median rent in Chatham, IL, a household needs to earn roughly $97,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,447 per month in Chatham, IL, renters typically need to show $7,341 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Chatham, IL?
In Chatham, IL, the price-to-rent ratio is 11.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Chatham, IL are best for renting a home?
The best neighborhood for renting in Chatham, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Old Aristocracy Hill, Historic West Side, Pasfield Park Place and Downtown Springfield, each with its own character and price range.

Rental Trends in Chatham, IL

There are currently 8 homes available for rent in Chatham, IL. The median rent is $2,447 per month, with single-family homes renting at $2,550 and condos at $1,400.

Rental Home Trends

Number of Homes for Rent
8
Median Rent
$2,447
Median Single Family Home Rent
$2,550
Median Condo Rent
$1,400
How to Rent a Home

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