
Cheap Apartments for Rent in the Downtown Oak Lawn Neighborhood of Oak Lawn, IL from $1,000 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Oak Lawn area of Oak Lawn.


9700 S Karlov Ave

4931 Columbus Dr

4014-4020 W 103rd St

Prairie Town Center

9701 S Karlov Ave

4600 W 103rd St
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.

9521 S Kilbourn Ave

9515 S Kilbourn Ave

9501 S Kolin Ave

4525 W 95th St

9959 S Cicero Ave

9817-21 S Cicero Ave

4929-4931 W 87th St
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.

10022 S Pulaski Rd

5317 W 96th St

Oak Lawn Apartments

9517-9521 Minnick Ave

4325 W 95th St

4941-4947 Columbus Dr

Oak Lawn Apartments
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.

4901 W Columbus Dr

9733-9735 S Cicero Ave
Downtown Oak Lawn, Oak Lawn, IL Local Guide

How much does it cost to rent an apartment in Downtown Oak Lawn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Oak Lawn 1 Bedroom Apartments | $1,490 | $1,385 | $1,595 |
| Downtown Oak Lawn 2 Bedroom Apartments | $1,750 | $1,750 | $1,750 |
| Downtown Oak Lawn 3 Bedroom Apartments | $2,323 | $1,789 | $3,935 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 1 mile radius of the Downtown Oak Lawn Neighborhood of Oak Lawn, IL.
See all Apartments in Oak LawnExplore Oak Lawn
Downtown Oak Lawn, Oak Lawn, IL Local Guide
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Cheapest Available Downtown Oak Lawn Apartments for Rent
 The cheapest available apartment rental in the Downtown Oak Lawn area of Chicago, IL is a 2 Beds unit found at 9700 S Karlov Ave priced from $1,750. 10116 Cook Ave has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,789. Here are the most affordable Downtown Oak Lawn apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 9700 S Karlov Ave | 2 bed / 1 bath | 2BR,1BA | $1,750 |
| 10116 Cook Ave | oak lawn single family home | 3BR,2BA | $1,789 |
| 4601 West 95th Street | 3 bed /1 bath | 3BR,1BA | $2,000 |
Best Value Apartments for Rent in Downtown Oak Lawn, IL
As of July 05, 2026 the best value apartment in the Downtown Oak Lawn area is the $2.00 price per square foot 3 bed /1 bath Model at 4601 West 95th Street in the in the Downtown Oak Lawn neighborhood starting from $2,000. The second greatest value Downtown Oak Lawn apartment is the 4738 W 101st St Model at 4738 W 101st St, Unit 3S starting at $1,750 with a $1.78 price per square foot in the Downtown Oak Lawn neighborhood. Here is today’s list of the best values for Downtown Oak Lawn apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4601 West 95th Street | 3 bed /1 bath | 3BR,1BA | $2.00 |
| 4738 W 101st St, Unit 3S | 4738 W 101st St | 2BR,1BA | $1.78 |
| 9700 S Karlov Ave | 2 bed / 1 bath | 2BR,1BA | $2.19 |
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 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.
Pet Friendly LifestyleDowntown Oak Lawn, Oak Lawn, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Oak Lawn Apartments
What is the most affordable Downtown Oak Lawn Three Bedroom Apartment?
The best deal on a cheap Downtown Oak Lawn Three Bedroom Apartment rental is at 10116 Cook Ave and starts from $1,789.
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.