
Cheap New Apartments for Rent in Oak Lawn, IL from $700 (1 Rental)
Search the lowest-cost Apartments available for rent right now in Oak Lawn.

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.
Oak Lawn, IL Local Guide

How much does it cost to rent an apartment in Oak Lawn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Lawn Studio Apartments | $1,546 | $1,234 | $2,429 |
| Oak Lawn 1 Bedroom Apartments | $1,426 | $1,150 | $1,750 |
| Oak Lawn 2 Bedroom Apartments | $1,846 | $1,345 | $3,612 |
| Oak Lawn 3 Bedroom Apartments | $3,600 | $1,800 | $10,000+ |
| Oak Lawn 4 Bedroom Apartments | $17,333 | $10,000 | $10,000+ |
Explore Oak Lawn
Oak Lawn, IL Local Guide
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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.
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.
Oak Lawn, ILPopulation: 55,511
Ranked #691
in US Census Population by City
Best Local Schools in Oak Lawn, IL
Columbus Manor Elementary School
Oak Lawn Community High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Oak Lawn, IL Area Reviews
Garice
April 2, 2025I’ve Never lived in Oak Lawn, but before my husband died we lived in Evergreen Park, at the present time I’ve lived in Naperville, Illinois! But, I’ve had my eyes on OakLawn for a long time n I want to live close to the city; but not in the city! I attend the Trinity Church on 95th street n Oak Lawn would be perfect for me,
Frequently Asked Questions about Cheap Oak Lawn Apartments
What is the Cheapest Studio apartment in Oak Lawn?
Currently the most affordable Cheap Studio Apartment in Oak Lawn is at Midpointe listed at $1,234.
How much is rent for a Cheap One Bedroom Oak Lawn Apartment?
The lowest price for a Cheap One Bedroom Oak Lawn Apartment is $1,150 at Pinnacle Apartments.
What is the lowest price for a Cheap Two Bedroom Oak Lawn Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oak Lawn is starting from $1,400 at Chateau Royale.
What is the most affordable Oak Lawn Three Bedroom Apartment?
The best deal on a cheap Oak Lawn Three Bedroom Apartment rental is at 4601 West 95th Street and starts from $2,000.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.