Cheap Homes for Rent in Elmwood Park, IL from $1,100 (39 Rentals)

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

property at 3242 N Natchez Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Now

3242 N Natchez Ave, Unit 2R

3242 N Natchez Ave
ChicagoIL60634

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.

property at 2419 N Oak Park Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Now

2419 N Oak Park Ave

ChicagoIL60707

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.

property at 437 N Lombard Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

437 N Lombard Ave, Unit 1

437 N Lombard Ave
Oak ParkIL60302
property at 215 Marengo Ave

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675

1 Bedroom, 1 Bath Condo for Rent

Available Mar 15

215 Marengo Ave, Unit 6F

215 Marengo Ave
Forest ParkIL60130

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!

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.

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 $1,175. 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
1116 Washington - Oak Park1116-412Studio,1BA$1,175
1000 - 1010 North Blvd1004-29Studio,1BA$1,195
7520 W Grand AveStudioStudio,1BA$1,225
Pleasant OakStudio - AStudio,1BA$1,250
RRK Ventures LLC0BR/1.0BAStudio,1BA$1,275
1510 N 1st Ave2BD/1BA2BR,1BA$1,350
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$1,475
The Bryant at Oak ParkStudioStudio,1BA$1,505
Galewood ResidencesApartments - StudioStudio,1BA$1,589

Best Value Apartments for Rent in Elmwood Park, IL

As of March 11, 2026 the best value apartment in the Elmwood Park area is the $1.52 price per square foot 3215 N Narragansett Ave Model at 3215 N Narragansett Ave, Unit 103 in the in the Dunning neighborhood starting from $4,000. The second greatest value Elmwood Park apartment is the 7131 W Altgeld St Model at 7131 W Altgeld St starting at $2,700 with a $1.59 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.
3215 N Narragansett Ave, Unit 1033215 N Narragansett Ave3BR,2BA$1.52
7131 W Altgeld St7131 W Altgeld St3BR,2BA$1.59
173-181 N. Grove Ave.177 N. Grove E3BR,3BA$1.90
8222 Grand Ave, Unit 3a8222 Grand Ave3BR,2BA$1.60
6323 W Fullerton Ave, Unit 36323 W Fullerton Ave3BR,1BA$1.64
320 Home Ave, Unit Apt. 1320 Home Ave2BR,1BA$1.78
2833 Auxplaines Ave, Unit Unite 32833 Auxplaines Ave3BR,2BA$1.81
6235 W Diversey Ave, Unit 26235 W Diversey Ave3BR,1BA$1.67
6855 W Addison St, Unit 1R6855 W Addison St3BR,1BA$1.52
1510 N 1st Ave2BD/1BA2BR,1BA$1.59

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 Elmwood Park

What type of rentals are currently available in Elmwood Park?

There are currently 698 Apartments for Rent in Elmwood Park, IL with pricing that ranges from $895 to $7,600. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood Park ranging from $1,125 to $12,000.

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 $1,125 to $12,000 with an average monthly rent of $3,507.

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 $1,595 to $7,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,600.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.