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$1,030 - $3,960Studio to 3 Bedroom Apartments Available Now
Lake Meadows Apartments
3233 S KingChicago, IL 60616
Cheap Apartments for Rent in the Oakland Neighborhood of Chicago, IL from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakland area of Chicago.
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$1,214 - $2,782Studio to 3 Bedroom Apartments Contact Us For Availability
4700 Lake Park Apartments
4700 S Lake Park AveChicago, IL 60615
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$1,218 - $1,8701 to 3 Bedroom Apartments Available Now
Lake Grove Village
3555 S Cottage Grove AveChicago, IL 60653
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Studio to 2 Bedroom Apartments
4455 S. Greenwood Avenue
4451-59-4459 S Greenwood AveChicago, IL 60653
Showing Results 1-11, Page 1 of 1
Oakland, Chicago, IL Local Guide
How much does it cost to rent an apartment in Oakland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakland Studio Apartments | $1,356 | $1,030 | $2,211 |
| Oakland 1 Bedroom Apartments | $1,381 | $1,085 | $3,238 |
| Oakland 2 Bedroom Apartments | $1,788 | $1,395 | $3,500 |
| Oakland 3 Bedroom Apartments | $2,594 | $1,500 | $5,422 |
| Oakland 4 Bedroom Apartments | $2,355 | $2,275 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the Oakland Neighborhood of Chicago, IL.
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Oakland, Chicago, IL Local Guide
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Cheapest Available Oakland Apartments for Rent
The cheapest available apartment rental in the Oakland area of Chicago, IL is a Studio unit found at Lake Meadows Apartments priced from $1,030. Lake Grove Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,218. Here are the most affordable Oakland apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Meadows Apartments | lakem8-0b1b | Studio,1BA | $1,030 |
| Lake Grove Village | 1B | 1BR,1BA | $1,218 |
| 4455 S. Greenwood Avenue | 4455-0bA | Studio,1BA | $1,250 |
| The Sutherland | suthm-1bH | 1BR,1BA | $1,650 |
| 4611 South Drexel Blvd | 1BR/1.0BA | 1BR,1BA | $1,795 |
Best Value Apartments for Rent in Oakland, IL
As of November 14, 2025 the best value apartment in the Oakland area is the $1.40 price per square foot 3 x 2 Model at 4313 S King Dr in the in the Armour Square neighborhood starting from $2,800. The second greatest value Oakland apartment is the 3 Beds, 2 baths Model at 4611 S Ellis Ave starting at $4,000 with a $2.50 price per square foot in the Armour Square neighborhood. Here is today’s list of the best values for Oakland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4313 S King Dr | 3 x 2 | 3BR,2BA | $1.40 |
| 4611 S Ellis Ave | 3 Beds, 2 baths | 3BR,2BA | $2.50 |
| 4111 S Indiana Ave, Unit #2 | 4111 S Indiana Ave | 2BR,2BA | $1.76 |
| 1030 E 47th St | 2 Bedrooms 1 Bath | 2BR,1BA | $2.72 |
| 4010 S Calumet Ave, Unit 1D | 4010 S Calumet Ave | 2BR,2BA | $2.37 |
| The Sutherland | suthm-1bF | 1BR,1BA | $2.82 |
| Lake Grove Village | 1A | 1BR,1BA | $1.97 |
| 4611 South Drexel Blvd | 1BR/1.0BA | 1BR,1BA | $2.99 |
| 4455 S. Greenwood Avenue | 4455-0bA | Studio ,1BA | $2.66 |
| Lake Meadows Apartments | lakem8-0b1a_b | Studio ,1BA | $2.87 |
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Pet Friendly LifestyleOakland, Chicago, IL
Ranked #65
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Oakland Apartments
What is a cheap apartment in Oakland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oakland is under $2,200.
What is the price of a cheap apartment in Oakland?
The cheapest apartment in Oakland is Lake Meadows Apartments which is listed at $1,155, while the average apartment in Oakland costs $2,400.
What types of apartments are the cheapest in Oakland?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 135 regular apartments in Oakland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Oakland?
Cheap apartments in Oakland have an average cost of $1,178 which is $1,222 cheaper than the average rent for all rentals in Oakland.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.