Cheap Apartments for Rent in Elmwood Park, IL from $700 (103 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elmwood Park.

property at 7610 W Grand Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

7610 W Grand Ave

Elmwood ParkIL60707
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Elmwood Towers
Studio to 1 Bedroom Apartments

Elmwood Towers

7300 W North AveElmwood Park, IL 60707
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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property at 4600 N Cumberland Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available May 1

4600 N Cumberland Ave, Unit 513, Unit 513

4600 N Cumberland Ave
ChicagoIL60656

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.

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property at 141 S Oak Park Ave

$1,695 - $2,695

Studio To 1 Bedroom Rentals

Available May 1

141 S Oak Park Ave

Oak ParkIL60302
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6340 W Belmont Ave
$1,800 - $2,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $2,600
Total Monthly Price
$1,800 - $2,600
Studio to 1 Bedroom Apartment Available Now

6340 W Belmont Ave

6340 W Belmont AveChicago, IL 60634
Affordability

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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1450 N 1st Ave
1 to 2 Bedroom Apartments

1450 N 1st Ave

1450 N 1st AveMelrose Park, IL 60160
  • Utilities Included
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Oak Park
Studio to 1 Bedroom Apartments

Oak Park

853 Washington BlvdOak Park, IL 60302
  • Utilities Included
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6621 W Norwood Ct
Studio to 2 Bedroom Apartments

6621 W Norwood Ct

6621 W Norwood CtHarwood Heights, IL 60706
  • Utilities Included
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300 Des Plaines Ave
1 Bedroom Apartments

300 Des Plaines Ave

300 Des Plaines AveForest Park, IL 60130
  • Utilities Included
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Live in Oak Park
Studio to 3 Bedroom Apartments

Live in Oak Park

1041 South BlvdOak Park, IL 60302
  • Utilities Included
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1534 Bonnie Brae
1 Bedroom Apartments

1534 Bonnie Brae

1534 Bonnie BraeRiver Forest, IL 60305
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230 S Maple
1 Bedroom Apartments

230 S Maple

230-238 S Maple AveOak Park, IL 60302
  • Utilities Included
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320 Elgin Ave
1 Bedroom Apartments

320 Elgin Ave

320 Elgin AveForest Park, IL 60130
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229 Marengo Ave
1 Bedroom Apartments

229 Marengo Ave

229 Marengo AveForest Park, IL 60130
  • Utilities Included
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Bon Villa Apartments
Studio to 1 Bedroom Apartments

Bon Villa Apartments

320 Wisconsin AveOak Park, IL 60302
  • Utilities Included

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Showing Results 1-50, Page 1 of 3

Elmwood Park, IL Local Guide

Cheapest Available Elmwood Park Apartments for Rent

 

The cheapest available apartment rental in Elmwood Park, IL is a Studio unit found at 1000 - 1010 North Blvd in the Downtown Oak Park neighborhood priced from $1,195. Pleasant Oak in the Downtown Oak Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable Elmwood Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1000 - 1010 North Blvd1012 1/2 -44Studio,1BA$1,195
Pleasant OakStudio - AStudio,1BA$1,250
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1,250
7520 W Grand AveStudioStudio,1BA$1,300
1116 Washington - Oak Park1116-1031BR,1BA$1,350
720 Washington1 BD Semi-Remodeled (no dishwasher/painted cabs)1BR,1BA$1,375
RRK Ventures LLC1BR/1.0BA1BR,1BA$1,395
301-313 N. Oak Park Ave.303 N. Oak Park C & 311 N. Oak Park BStudio,1BA$1,399
Circle Court1 Bedroom, 1 Bath1BR,1BA$1,495
947 South Blvd1 BED1BR,1BA$1,550

Best Value Apartments for Rent in Elmwood Park, IL

As of April 30, 2026 the best value apartment in the Elmwood Park area is the $2.18 price per square foot Evergreen Model at The Grove Luxury Townhomes in the in the Dunning neighborhood starting from $4,800. The second greatest value Elmwood Park apartment is the THREE BEDROOM Model at The Grove - Encore starting at $4,350 with a $2.49 price per square foot in the Dunning neighborhood. Here is today’s list of the best values for Elmwood Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Grove Luxury TownhomesEvergreen3BR,3.5BA$2.18
The Grove - EncoreTHREE BEDROOM3BR,3BA$2.49
2017 N 72nd Ct, Unit C2017 N 72nd Ct3BR,2BA$1.54
6337 W Patterson Ave, Unit 26337 W Patterson Ave2BR,1BA$2.00
2913 N Narragansett Ave, Unit 2BR - 2Fl2913 N Narragansett Ave2BR,1BA$2.09
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.99
7406 Randolph St.2A2BR,1BA$2.36
RRK Ventures LLC1BR/1.0BA1BR,1BA$2.08
720 Washington1 BD Semi-Remodeled (no dishwasher/painted cabs)1BR,1BA$2.12
8519 West Grand Avenue1BR/1.0BA1BR,1BA$2.08

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Frequently Asked Questions about Cheap Elmwood Park Apartments

What is the Cheapest Studio apartment in Elmwood Park?

Currently the most affordable Cheap Studio Apartment in Elmwood Park is at 1000 - 1010 North Blvd listed at $1,195.

How much is rent for a Cheap One Bedroom Elmwood Park Apartment?

The lowest price for a Cheap One Bedroom Elmwood Park Apartment is $1,250 at 8519 West Grand Avenue.

What is the lowest price for a Cheap Two Bedroom Elmwood Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elmwood Park is starting from $1,650 at 7406 Randolph St..

What is the most affordable Elmwood Park Three Bedroom Apartment?

The best deal on a cheap Elmwood Park Three Bedroom Apartment rental is at North Oak Lofts and starts from $3,229.

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

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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.

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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.

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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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