Cheap Homes for Rent in Elmwood Park, IL from $1,200 (51 Rentals)

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

property at 2300 N Harlem Ave

$1,325 - $1,575

1 To 2 Bedroom Rentals

Available Now

2300 N Harlem Ave

Elmwood ParkIL60707

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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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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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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property at 2334 N 74th Ave

$1,700

2 Bedroom, 1 Bath Condo for Rent

Available Now

2334 N 74th Ave

Elmwood ParkIL60707

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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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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Elmwood Park, IL Local Guide

Cheapest Available Elmwood Park Apartments for Rent

 

The cheapest available apartment rental in Elmwood Park, IL is a 1 Bed unit found at 1530 N 1st Ave in the North Maywood neighborhood priced from $1,150. 1000 - 1010 North Blvd in the Downtown Oak Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here is today’s list of the most affordable Elmwood Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1530 N 1st Ave1BD/1BA1BR,1BA$1,150
1000 - 1010 North Blvd1010-16Studio,1BA$1,195
7520 W Grand AveStudioStudio,1BA$1,225
Pleasant OakStudio - AStudio,1BA$1,350
305-315 S. Oak Park Ave. and 803-805 Randolph St.313 S. Oak Park EStudio,1BA$1,399
301-313 N. Oak Park Ave.307 N. Oak Park B & CStudio,1BA$1,399

Best Value Apartments for Rent in Elmwood Park, IL

As of December 21, 2025 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 7131 W Altgeld St Model at 7131 W Altgeld St, Unit FL1 starting at $2,599 with a $1.53 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
7131 W Altgeld St, Unit FL17131 W Altgeld St3BR,2BA$1.53
Large 2 Bedroom Apartment with Heated Garage2BD/2BA2BR,2BA$1.78
3618 N Ozanam Ave, Unit 33618 N Ozanam Ave3BR,1.5BA$1.34
8306 Grand Ave, Unit 1S8306 Grand Ave2BR,1.5BA$1.75
6235 W Diversey Ave, Unit 26235 W Diversey Ave3BR,1BA$1.50
The BrixenBrixen2BR,2BA$1.69
6149 W North Ave 1234 N Lombard Ave Oak Park, IL 603022 Bedroom 1 Bath Apartment2BR,1BA$1.82
1412-1414 N. Austin Blvd.1414 N. Austin W1BR,1BA$1.72
3804 North Harlem Avenue, Unit #23804 North Harlem Avenue1BR,1BA$1.75

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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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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Quick 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.

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Best Local Schools in
Elmwood Park, IL

School data provided by Great Schools

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

Explore Elmwood Park, IL Rentals by Map

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See the most popular apartments and homes in Elmwood Park, IL

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Frequently Asked Questions about Elmwood Park

What type of rentals are currently available in Elmwood Park?

There are currently 684 Apartments for Rent in Elmwood Park, IL with pricing that ranges from $740 to $11,480. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood Park ranging from $1,200 to $5,500.

What is the current price range for Rental Homes in Elmwood Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elmwood Park ranges from $1,200 to $5,500 with an average monthly rent of $3,143.

How much are larger Three and Four Bedroom Rentals in Elmwood Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elmwood Park range from $740 to $11,480, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,799 and Four Bedroom Apartments start at $4,250.

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.

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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

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.