
Cheap Apartments for Rent in the Oakland Neighborhood of Chicago, IL from $700 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakland area of Chicago.


4700 Lake Park Apartments

Lake Grove Village

Total Monthly Price
4011 S Calumet Ave, Unit G, Unit G

4404 S Calumet Ave

509 E 44th St

4611 S Ellis Ave

4330 S Martin Luther King Dr
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3607 S King Dr, Unit 1

4611 South Drexel Blvd

Coleman Place At Legends South

Hyde Park / Kenwood

Paul G Stewart Center

431 E Oakwood Blvd

4013-4015 S Calumet Ave

Lake Park Crescent Apartments
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4455 S. Greenwood Avenue

Lake Park Manor

Greenwood Park Apartments

Oakwood Apartments

The Sutherland

Maple Court

752 E 43rd St

439 E Oakwood Blvd
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Williams Apartments

4348-4358 S Prairie Ave

4553 S Michigan Ave

Pershing Place

637 E Woodland Park Ave

4034 S Prairie Ave

1030 E 47th

4611 S Drexel Blvd
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4445 S Vincennes Ave
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 | $1,205 | $1,035 | $1,559 |
| Oakland 1 Bedroom Apartments | $1,413 | $1,185 | $1,950 |
| Oakland 2 Bedroom Apartments | $1,802 | $1,451 | $3,800 |
| Oakland 3 Bedroom Apartments | $2,873 | $1,720 | $8,285 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 1 mile radius of the Oakland Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Oakland, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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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 Meadows Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,035. Here are the most affordable Oakland apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Coleman Place At Legends South | The Wells | 4BR,2BA | $170 |
| Lake Meadows Apartments | lakem7-0b1b | Studio,1BA | $1,035 |
| 4700 Lake Park Apartments | Studio | Studio,1BA | $1,214 |
| Lake Grove Village | 1B | 1BR,1BA | $1,218 |
| The Sutherland | suthm-0bC | Studio,1BA | $1,395 |
| Maple Court | mplc1bc | 1BR,1BA | $1,399 |
| 1030 E 47th | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,790 |
| Woodland Park By The Lake | The Lakeshore | 2BR,2BA | $1,975 |
Best Value Apartments for Rent in Oakland, IL
As of April 10, 2026 the best value apartment in the Oakland area is the $1.86 price per square foot 3 Bed 2 Bath Model at Celebration Apartments in the in the Armour Square neighborhood starting from $2,950. The second greatest value Oakland apartment is the 3S Model at 3610 S Ellis Ave starting at $2,600 with a $1.72 price per square foot in the Douglas 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. |
|---|---|---|---|
| Celebration Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.86 |
| 3610 S Ellis Ave | 3S | 3BR,2BA | $1.72 |
| 4111 S Indiana Ave, Unit Unit #2 | 4111 S Indiana Ave | 2BR,2BA | $1.76 |
| Woodland Park By The Lake | The Harbor | 2BR,2BA | $1.95 |
| 1030 E 47th | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $2.22 |
| 4010 S Calumet Ave, Unit 1D | 4010 S Calumet Ave | 2BR,2BA | $2.37 |
| Coleman Place At Legends South | The Burnham | 1BR,1BA | $1.20 |
| 4011 S Calumet Ave, Unit G | 4011 S Calumet Ave | 1BR,1BA | $1.93 |
| Lake Grove Village | 1A | 1BR,1BA | $1.97 |
| 4700 Lake Park Apartments | Studio | Studio ,1BA | $2.53 |
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
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Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleOakland, Chicago, IL
Ranked #78
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 $1,975.
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 $2,950.
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 147 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 $1,231 which is $1,719 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.

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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

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