Cheap Homes for Rent in the Oakland Neighborhood of Chicago, IL from $1,000 (14 Rentals)

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

property at 601 E 32nd St

$1,250 - $2,500

Studio To 2 Bedroom Rentals

Available Now

601 E 32nd St

ChicagoIL60616

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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. 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 ListingModel NameBed/BathPriced From
Coleman Place At Legends SouthThe Wells4BR,2BA$170
4700 Lake Park ApartmentsStudioStudio,1BA$1,214
Lake Grove Village1B1BR,1BA$1,218
Lake Meadows Apartmentslm51b1a1BR,1BA$1,250
The Sutherlandsuth0bcStudio,1BA$1,395

Best Value Apartments for Rent in Oakland, IL

As of July 26, 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 3902 S Lake Park Ave Model at 3902 S Lake Park Ave, Unit 3 starting at $3,300 with a $1.94 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 ListingModel NameBed/BathPrice Per Sq.Ft.
4615 S Vincennes Ave, Unit Vincennes4615 S Vincennes Ave4BR,1.5BA$1.41
3902 S Lake Park Ave, Unit 33902 S Lake Park Ave3BR,2BA$1.94
Celebration Apartments3 Bed 2 Bath3BR,2BA$1.86
Woodland Park By The LakeThe Lakeshore2BR,2BA$2.16
4437 S Prairie Ave, Unit 14437 S Prairie Ave3BR,1BA$1.80
Coleman Place At Legends SouthThe Burnham1BR,1BA$1.20
1030 E 47th2 Bedroom 1 Bath Apartment2BR,1BA$2.54
Lake Grove Village1A1BR,1BA$1.97
Maple Courtmpc-1bc1BR,1BA$2.89
4700 Lake Park ApartmentsStudioStudio ,1BA$2.53

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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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 Oakland

What type of rentals are currently available in Oakland?

There are currently 505 Apartments for Rent in Oakland, IL with pricing that ranges from $1,125 to $3,800. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakland ranging from $1,095 to $5,000.

What is the current price range for Rental Homes in Oakland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakland ranges from $1,095 to $5,000 with an average monthly rent of $3,020.

How much are larger Three and Four Bedroom Rentals in Oakland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakland range from $1,720 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,295. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,300.

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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