close
View Me
Rent Specials
$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 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakland area of Chicago.
close
View Me
$1,214 - $2,782Studio to 3 Bedroom Apartments Available Now
4700 Lake Park Apartments
4700 S Lake Park AveChicago, IL 60615
close
View Me
$1,218 - $1,8701 to 3 Bedroom Apartments Available Now
Lake Grove Village
3555 S Cottage Grove AveChicago, IL 60653
close
View Me
$1,375 - $3,904Studio to 2 Bedroom Apartments Available Now
The Sutherland
4659 S Drexel BlvdChicago, IL 60653
close
View Me
close
View Me
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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.
Showing Results 1-12, 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 | $1,370 | $1,030 | $2,183 |
| Oakland 1 Bedroom Apartments | $1,396 | $1,175 | $3,238 |
| Oakland 2 Bedroom Apartments | $1,810 | $1,450 | $4,604 |
| Oakland 3 Bedroom Apartments | $2,421 | $1,500 | $5,255 |
| Oakland 4 Bedroom Apartments | $2,300 | $2,300 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 1 mile radius of the Oakland Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Let everyone know!
Do you know the Oakland area?
If you’re an expert on all things Oakland, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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. 4700 Lake Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,214. 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 |
| 4700 Lake Park Apartments | Studio | Studio,1BA | $1,214 |
| Lake Grove Village | 1B | 1BR,1BA | $1,218 |
| The Sutherland | suthm-0bA | Studio,1BA | $1,375 |
| Maple Court | mplc1bCr | 1BR,1BA | $1,565 |
Best Value Apartments for Rent in Oakland, IL
As of January 01, 2026 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 |
| 4623 S Michigan Ave, Unit 2 | 4623 S Michigan Ave | 3BR,2BA | $1.86 |
| 3610 S Ellis Ave | 3S | 3BR,2BA | $1.65 |
| 4111 S Indiana Ave, Unit Unit #2 | 4111 S Indiana Ave | 2BR,2BA | $1.76 |
| 925 East 46th Street | 925ea2b1 | 2BR,1BA | $1.82 |
| 1030 E 47th | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $2.60 |
| 4010 S Calumet Ave, Unit 1D | 4010 S Calumet Ave | 2BR,2BA | $2.37 |
| Lake Grove Village | 1A | 1BR,1BA | $1.97 |
| 4700 Lake Park Apartments | Studio | Studio ,1BA | $2.53 |
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 $1,800.
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 $2,300.
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 158 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 $1,224 which is $1,076 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.
Helpful Local Expert Guides
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.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!