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from $1,030Studio 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 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakland area of Chicago.
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from $1,1001 to 3 Bedroom Apartments Available Now
Lake Grove Village
3555 S Cottage Grove AveChicago, IL 60653
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from $1,214Studio to 3 Bedroom Apartments Contact Us For Availability
4700 Lake Park Apartments
4700 S Lake Park AveChicago, IL 60615
3140 S Indiana Ave
ChicagoIL60616
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from $1,295Studio to 2 Bedroom Apartments Available Now
The Sutherland
4659 S Drexel BlvdChicago, IL 60653
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Studio to 2 Bedroom Apartments
4455 S. Greenwood Avenue
4451-59-4459 S Greenwood AveChicago, IL 60653
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Showing Results 1-13, 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 | $1,261 | $1,050 | $2,048 |
| Oakland 1 Bedroom Apartments | $1,433 | $1,100 | $2,748 |
| Oakland 2 Bedroom Apartments | $1,759 | $1,300 | $3,026 |
| Oakland 3 Bedroom Apartments | $2,537 | $1,485 | $5,110 |
| Oakland 4 Bedroom Apartments | $2,623 | $1,995 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 13 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 $1,050. Lake Grove Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Oakland apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Meadows Apartments | lakem6-0b1c | Studio,1BA | $1,050 |
| Lake Grove Village | 1B | 1BR,1BA | $1,100 |
| 4455 S. Greenwood Avenue | 4455-0bA | Studio,1BA | $1,195 |
| The Sutherland | suthm-0bD | Studio,1BA | $1,295 |
| Maple Court | mplc1bBr | 1BR,1BA | $1,445 |
Best Value Apartments for Rent in Oakland, IL
As of July 07, 2025 the best value apartment in the Oakland area is the $1.92 price per square foot 4552 S Evans Ave Model at 4552 S Evans Ave, Unit 1 in the in the Armour Square neighborhood starting from $2,500. The second greatest value Oakland apartment is the 4241 S Langley Ave Model at 4241 S Langley Ave, Unit Floor 2 starting at $2,499 with a $2.00 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. |
|---|---|---|---|
| 4552 S Evans Ave, Unit 1 | 4552 S Evans Ave | 3BR,2BA | $1.92 |
| 4241 S Langley Ave, Unit Floor 2 | 4241 S Langley Ave | 3BR,1BA | $2.00 |
| 925 East 46th Street | 925ea2b1 | 2BR,1BA | $1.82 |
| Lake Grove Village | 1A | 1BR,1BA | $1.78 |
| 4455 S. Greenwood Avenue | 4455-0bA | Studio ,1BA | $2.54 |
| Maple Court | mplc1bBr | 1BR,1BA | $3.20 |
| Lake Meadows Apartments | lakem8-0b1a_b | Studio ,1BA | $2.64 |
| The Sutherland | suthm-0bA | Studio ,1BA | $3.66 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleOakland, Chicago, IL
Ranked #110
Among neighborhoods in Chicago, IL 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 $1,595.
What is the price of a cheap apartment in Oakland?
The cheapest apartment in Oakland is Lake Grove Village which is listed at $1,100, while the average apartment in Oakland costs $2,500.
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 12 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 $152 which is $2,348 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.