Cheap Apartments for Rent in Elmwood Park, IL from $700 (84 Rentals)

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

property at 2631 N 74th Ave

$1,350 - $1,995

1 To 3 Bedroom Rentals

Available Now

2631 N 74th 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

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.

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.

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!

property at 433 Wisconsin Ave

$1,695 - $3,195

Studio To 2 Bedroom Rentals

Available Now

433 Wisconsin Ave

Oak ParkIL60302
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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
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6621 W Norwood Ct
Studio to 2 Bedroom Apartments

6621 W Norwood Ct

6621 W Norwood CtHarwood Heights, IL 60706
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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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229  Marengo Ave
1 Bedroom Apartments

229 Marengo Ave

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

Bon Villa Apartments

320 Wisconsin AveOak Park, IL 60302
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8111 W Grand Ave
2 to 3 Bedroom Apartments

8111 W Grand Ave

8111 W Grand AveRiver Grove, IL 60171
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102 Rockford Ave
Studio to 1 Bedroom Apartments

102 Rockford Ave

102 Rockford AveForest Park, IL 60130
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8107 W Grand Ave
2 to 3 Bedroom Apartments

8107 W Grand Ave

8107 W Grand AveRiver Grove, IL 60171
  • Utilities Included
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255 S Maple
Studio to 3 Bedroom Apartments

255 S Maple

1140-1144 N Randolph StOak Park, IL 60302
  • Utilities Included
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Maple 112-116 1/2
Studio to 1 Bedroom Apartments

Maple 112-116 1/2

112-122 S Maple AveOak Park, IL 60302
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Kenton House
Studio to 1 Bedroom Apartments

Kenton House

112-114 Home AveOak Park, IL 60302
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Clinton Court
Studio to 2 Bedroom Apartments

Clinton Court

943 Washington BlvdOak Park, IL 60302
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 1116 Washington - Oak Park in the Downtown Oak Park neighborhood priced from $1,075. 1530 N 1st Ave in the North Maywood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Elmwood Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1116 Washington - Oak Park1116-108Studio,1BA$1,075
1530 N 1st Ave1BD/1BA1BR,1BA$1,150
1000 - 1010 North Blvd1010-16Studio,1BA$1,195
Pleasant OakStudio - AStudio,1BA$1,200
7520 W Grand AveStudioStudio,1BA$1,225
7244 Randolph St.1 Bedroom1BR,1BA$1,319

Best Value Apartments for Rent in Elmwood Park, IL

As of January 27, 2026 the best value apartment in the Elmwood Park area is the $0.93 price per square foot 6853 W Belmont Ave Model at 6853 W Belmont Ave, Unit 1R in the in the Dunning neighborhood starting from $2,800. The second greatest value Elmwood Park apartment is the 3207 N Narragansett Ave Model at 3207 N Narragansett Ave, Unit 103 starting at $4,000 with a $1.52 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.
6853 W Belmont Ave, Unit 1R6853 W Belmont Ave2BR,2.5BA$0.93
3207 N Narragansett Ave, Unit 1033207 N Narragansett Ave3BR,2BA$1.52
7131 W Altgeld St, Unit FL17131 W Altgeld St3BR,2BA$1.53
3618 N Ozanam Ave, Unit 33618 N Ozanam Ave3BR,1.5BA$1.34
2725 N 75th Ave, Unit 2nd floor2725 N 75th Ave3BR,1.5BA$1.39
2728 N Mulligan Ave, Unit 22728 N Mulligan Ave2BR,1BA$1.14
1522 N Harlem Ave, Unit 2N1522 N Harlem Ave2BR,1BA$1.54
1508 N Harlem Ave, Unit #1E1508 N Harlem Ave2BR,1BA$1.52
1535 Bonnie Brae, Unit 111535 Bonnie Brae1BR,1BA$1.55
317 Wisconsin Ave, Unit 2a317 Wisconsin Ave2BR,1BA$1.40

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 1116 Washington - Oak Park listed at $1,075.

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

The lowest price for a Cheap One Bedroom Elmwood Park Apartment is $1,150 at 1530 N 1st Ave.

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 $1,635 at 6149 W North Ave 1234 N Lombard Ave Oak Park, IL 60302.

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 $2,979.

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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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.

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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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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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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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.