Park Place I
550 Park Av W,
Chatham, ON N7M 0S6
1-2 Beds | $1,851 - $2,326
Rental Market Trends in Chatham, ON
Updated July 2026
The average rent in Chatham, ON is $1,608/month.
$1,608/month
Average Rent
571 Sq Ft
Average Size
-1.2%
Change / Year
189
Available Apartments
Chatham rent varies by unit size and layout:
- Studio apartments in Chatham average $1,314 per month.
- One-bedroom apartments in Chatham average $1,608 per month.
- Two-bedroom apartments in Chatham average $1,848 per month.
- Three-bedroom apartments in Chatham average $1,680 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Chatham, ON?
In the past year, rent has decreased by 1.2%, which averages out to $19 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Chatham, ON
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
11%
$700 - $1,000/month
33%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
22%
Above $2,000/month
What salary do I need to live comfortably in Chatham, ON?
Because the average rent in Chatham is $1,608, you’ll want to make about $5,360 per month or $64,320 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Chatham, ON compare to other nearby cities and neighbourhoods?
Use the tool below to compare Chatham, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Chatham Area GuideApartment Communities in Chatham We Think You'll Love
Frequently Asked Questions
What is the average rent in Chatham?
The average rent in Chatham is $1,608 per month, which is 8.4% lower than the national average of $1,756.
What is the average rent for a house in Chatham?
The average rent for a house in Chatham, ON is $2,283 per month.
Are rents going up or down in Chatham?
Rents in Chatham, ON are decreasing, with prices down 1.2% year-over-year and $19 less per month.
What rent range is most common in Chatham?
In Chatham, ON, 33% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.