Cheap Apartments for Rent in the Oakland Neighborhood of Chicago, IL from $750 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oakland area of Chicago.

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Hyde Park / Kenwood
Studio to 1 Bedroom Apartments

Hyde Park / Kenwood

4400-4404 S Drexel BlvdChicago, IL 60653
  • Utilities Included
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Paul G Stewart Center
Studio to 2 Bedroom Apartments

Paul G Stewart Center

400 E 41st StChicago, IL 60653
Senior Living
  • Utilities Included

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Lake Park Manor
1 to 4 Bedroom Apartments

Lake Park Manor

3601-3645 S Lake Park AveChicago, IL 60653
  • Utilities Included
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Oakwood Apartments
Studio to 1 Bedroom Apartments

Oakwood Apartments

427-439 E Oakwood BlvdChicago, IL 60653
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Maple Court
Studio to 2 Bedroom Apartments

Maple Court

1120-1126 E 47th StChicago, IL 60653
Corporate Housing

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Pershing Place
1 to 3 Bedroom Apartments

Pershing Place

624 E Pershing RdChicago, IL 60653
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1030 E 47th
2 Bedroom Apartments

1030 E 47th

1030 E 47th StChicago, IL 60653
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4611 S Drexel Blvd
1 to 2 Bedroom Apartments

4611 S Drexel Blvd

4611 S Drexel BlvdChicago, IL 60653

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Oakland, Chicago, IL Local Guide

Cheapest Available Oakland Apartments for Rent

 

The cheapest available apartment rental in the Oakland area of Chicago, IL is a 4 Beds unit found at Coleman Place At Legends South priced from $170. 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 ListingModel NameBed/BathPriced From
Coleman Place At Legends SouthThe Wells4BR,2BA$170
Lake Grove Village1B1BR,1BA$1,218
Lake Meadows Apartmentslm51b1a1BR,1BA$1,230
The Sutherlandsuth0bbStudio,1BA$1,425
Maple Courtmpc-1bb1BR,1BA$1,425
1030 E 47th2 Bedroom 1 Bath Apartment2BR,1BA$1,765
925 East 46th Street925-3bb3BR,2BA$1,985
Woodland Park By The LakeThe Lakeshore2BR,2BA$2,245
4611 S Ellis Ave2 BD 1 BA2BR,1BA$2,350

Best Value Apartments for Rent in Oakland, IL

As of August 24, 2026 the best value apartment in the Oakland area is the $1.41 price per square foot 4615 S Vincennes Ave Model at 4615 S Vincennes Ave, Unit Vincennes in the in the Armour Square neighborhood starting from $2,600. The second greatest value Oakland apartment is the 3 Bed 2 Bath Model at Celebration Apartments starting at $2,950 with a $1.86 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 ListingModel NameBed/BathPrice Per Sq.Ft.
4615 S Vincennes Ave, Unit Vincennes4615 S Vincennes Ave4BR,1.5BA$1.41
Celebration Apartments3 Bed 2 Bath3BR,2BA$1.86
925 East 46th Street925-3bb3BR,2BA$1.42
Woodland Park By The LakeThe Lakeshore2BR,2BA$2.16
4611 S Ellis Ave2 BD 1 BA2BR,1BA$2.94
Coleman Place At Legends SouthThe Burnham1BR,1BA$1.20
4011 S Calumet Ave, Unit G4011 S Calumet Ave1BR,1BA$1.93
1030 E 47th2 Bedroom 1 Bath Apartment2BR,1BA$2.54
Lake Grove Village1A1BR,1BA$1.97
Lake Meadows Apartmentslm61b1db1BR,1BA$2.54

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Lifestyle
Oakland, Chicago, IL

Ranked #66

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Oakland Apartments

What is the price of a cheap apartment in Oakland?

The cheapest apartment in Oakland is Coleman Place At Legends South which is listed at $914, while the average apartment in Oakland costs $1,650.

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 67 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 $1,279 which is $371 cheaper than the average rent for all rentals in Oakland.

Expert Rental Resources

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.

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