Park Place I
550 Park Av W,
Chatham, ON N7M 0S6
$1,850 - $2,326 Total Monthly Price
1-2 Beds
Rental Market Trends in Chatham, ON
What is the average rent in Chatham, ON?
$1,588/month
Average Rent
571 Sq Ft
Average Apartment Size
-1.9%
Decrease in the Last Year
As of June 2026, the average rent in Chatham, ON was $1,588/month. When you rent an apartment in Chatham, you can expect to pay as little as $1,313 to as much as $1,679, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Chatham, ON?
In the past year, rent has decreased by 1.9%, which averages out to $29 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Chatham, ON
Last Updated June 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 $1,588, you’ll want to make about $5,293 per month or $63,516 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.
Apartment communities in Chatham we think you'll love
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.