
Cheap Homes for Rent in Elmwood Park, IL from $1,100 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Elmwood Park.


1360 N 1st Ave, Unit C3

326 S Maple Ave, Unit C3

7300 W North Ave, Unit 5B

7300 W North Ave, Unit 4E

7300 W North Ave, Unit 2B

3001 N Thatcher Ave, Unit 2L
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.

7234 W North Ave, Unit 7234

8910 Grand Ave

3001 N Thatcher Ave, Unit 2M

3001 N Thatcher Ave, Unit 3M

7201 W Wellington Ave

6310 W Warwick Ave

2435 N 78th Ave, Unit GN
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.

115 Marengo Ave

1301 N Harlem Ave

317 Wisconsin Ave

7432 Washington St

2300 N Harlem Ave, Unit 606

6561 W Addison St, Unit 2 bedroom apartment for r

2402 N 76th Ct
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.
Elmwood Park, IL Local Guide

How much does it cost to rent a home in Elmwood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Park 2 Bedroom Homes for Rent | $2,366 | $1,450 | $3,550 |
| Elmwood Park 3 Bedroom Homes for Rent | $2,931 | $2,000 | $3,500 |
| Elmwood Park 4 Bedroom Homes for Rent | $4,622 | $3,200 | $5,300 |
| Elmwood Park 5 Bedroom Homes for Rent | $5,200 | $5,200 | $5,200 |
Browse Top Homes for Rent in Elmwood Park
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Elmwood Park, IL Local Guide
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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 $1,250. 227 Des Plaines Ave in the Downtown Oak Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here is today’s list of the most affordable Elmwood Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1000 - 1010 North Blvd | 1004-24 | Studio,1BA | $1,250 |
| 227 Des Plaines Ave | 0BR/1.0BA | Studio,1BA | $1,295 |
| 7520 W Grand Ave | Studio | Studio,1BA | $1,300 |
| 1116 Washington - Oak Park | 1116-414 | 1BR,1BA | $1,375 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1,495 |
Best Value Apartments for Rent in Elmwood Park, IL
As of June 11, 2026 the best value apartment in the Elmwood Park area is the $2.54 price per square foot E1 Model at North Oak Lofts in the in the Galewood neighborhood starting from $4,709. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| North Oak Lofts | E1 | 4BR,3BA | $2.54 |
| The Grove - Encore | THREE BEDROOM | 3BR,3BA | $2.49 |
| 2017 N 72nd Ct, Unit C | 2017 N 72nd Ct | 3BR,2BA | $1.54 |
| 2702 N 74th Ave, Unit 2702 N 74th Unit 2 | 2702 N 74th Ave | 3BR,1.5BA | $1.93 |
| The Brixen | Brixen | 2BR,2BA | $1.76 |
| 8925 Grand Ave, Unit BN | 8925 Grand Ave | 1BR,1BA | $1.50 |
| 2913 N Narragansett Ave, Unit 3BR - 2Fl | 2913 N Narragansett Ave | 3BR,1BA | $2.09 |
| 8257 W Lawrence Ave, Unit #3 | 8257 W Lawrence Ave | 1BR,1BA | $2.15 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.99 |
| 37 Rockford Ave. | 37 Rockford 1 Bedroom | 1BR,1BA | $2.56 |
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.
Read ArticleBest 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
Read ArticleA 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Elmwood Park, IL
Elm Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elmwood Park, IL Rentals by Map
See the most popular apartments and homes in Elmwood Park, IL
Frequently Asked Questions about Elmwood Park
What type of rentals are currently available in Elmwood Park?
There are currently 677 Apartments for Rent in Elmwood Park, IL with pricing that ranges from $1,150 to $11,913. There are also 113 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood Park ranging from $1,195 to $5,300.
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 $1,195 to $5,300 with an average monthly rent of $3,097.
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 $1,775 to $7,015, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,500. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $4,699.
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

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.

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.

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.

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.