
Cheap Homes for Rent in Oakland Neighborhood of Chicago, IL from $1,100 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakland area of Chicago.


601 E 32nd St

752 E 43rd St

867 E Pershing Rd

3638 S King Dr

4254 S Cottage Grove Ave

3653 S Giles Ave

926 E 43rd St
Oakland, Chicago, IL Local Guide

How much does it cost to rent a home in Oakland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Oakland 2 Bedroom Homes for Rent | $2,340 | $1,845 | $3,000 |
Oakland 3 Bedroom Homes for Rent | $2,572 | $1,500 | $4,000 |
Oakland 4 Bedroom Homes for Rent | $3,260 | $2,300 | $4,200 |
Oakland 5 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 $1,099. 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 | lakem9-0b1b | Studio,1BA | $1,099 |
Lake Grove Village | 1B | 1BR,1BA | $1,100 |
The Sutherland | suthm-0bA | Studio,1BA | $1,310 |
Maple Court | mplc1bD | 1BR,1BA | $1,395 |
4455 S. Greenwood Avenue | 4455-2bA | 2BR,1BA | $1,695 |
Best Value Apartments for Rent in Oakland, IL
As of September 12, 2025 the best value apartment in the Oakland area is the $1.55 price per square foot 4455-2bA Model at 4455 S. Greenwood Avenue in the in the Armour Square neighborhood starting from $1,695. The second greatest value Oakland apartment is the 1A Model at Lake Grove Village starting at $1,100 with a $1.78 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. |
---|---|---|---|
4455 S. Greenwood Avenue | 4455-2bA | 2BR,1BA | $1.55 |
Lake Grove Village | 1A | 1BR,1BA | $1.78 |
4611 South Drexel Blvd | 1BR/1.0BA | 1BR,1BA | $2.99 |
Maple Court | mplc1bBr | 1BR,1BA | $3.22 |
Lake Meadows Apartments | lakem6-0b1c | Studio ,1BA | $3.02 |
The Sutherland | suthm-0bA | Studio ,1BA | $3.67 |
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.
Pet Friendly LifestyleOakland, Chicago, IL
Ranked #105
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Oakland
What type of rentals are currently available in Oakland?
There are currently 503 Apartments for Rent in Oakland, IL with pricing that ranges from $1,020 to $4,125. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakland ranging from $1,125 to $4,200.
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 $1,125 to $4,200 with an average monthly rent of $2,623.
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 $1,485 to $4,125, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,900.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.