Cheap Apartments for Rent in the Downtown Oak Lawn Neighborhood of Oak Lawn, IL from $1,000 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Oak Lawn area of Oak Lawn.

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4931 Columbus Dr
2 to 3 Bedroom Apartments

4931 Columbus Dr

4931 Columbus DrOak Lawn, IL 60453
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4014-4020 W 103rd St
Studio to 1 Bedroom Apartments

4014-4020 W 103rd St

4014-4020 W 103rd StOak Lawn, IL 60453
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9701 S Karlov Ave
1 to 2 Bedroom Apartments

9701 S Karlov Ave

9701 S Karlov AveOak Lawn, IL 60453
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4600 W 103rd St
1 Bedroom Apartments

4600 W 103rd St

4600 W 103rd StOak Lawn, IL 60453

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.

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9501 S Kolin Ave
1 Bedroom Apartments

9501 S Kolin Ave

9501 S Kolin AveOak Lawn, IL 60453
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4525 W 95th St
Studio to 3 Bedroom Apartments

4525 W 95th St

4525 W 95th StOak Lawn, IL 60453
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9959 S Cicero Ave
2 Bedroom Apartments

9959 S Cicero Ave

9959 S Cicero AveOak Lawn, IL 60453

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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5317 W 96th St
Studio Apartments

5317 W 96th St

5317 W 96th StOak Lawn, IL 60453
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Oak Lawn Apartments
Studio to 1 Bedroom Apartments

Oak Lawn Apartments

4343 W 95th StOak Lawn, IL 60453
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9517-9521 Minnick Ave
1 to 2 Bedroom Apartments

9517-9521 Minnick Ave

9517-9521 Minnick AveOak Lawn, IL 60453
  • Utilities Included
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4325 W 95th St
1 Bedroom Apartments

4325 W 95th St

4325 W 95th StOak Lawn, IL 60453
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4941-4947 Columbus Dr
Studio Apartments

4941-4947 Columbus Dr

4941-4947 Columbus DrOak Lawn, IL 60453
  • Utilities Included

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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4901 W Columbus Dr
1 to 2 Bedroom Apartments

4901 W Columbus Dr

4901 W Columbus DrOak Lawn, IL 60453
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9733-9735 S Cicero Ave
1 to 2 Bedroom Apartments

9733-9735 S Cicero Ave

9733-9735 S Cicero AveOak Lawn, IL 60453
  • Utilities Included

Downtown Oak Lawn, Oak Lawn, IL Local Guide

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 ListingModel NameBed/BathPriced From
9700 S Karlov Ave2 bed / 1 bath2BR,1BA$1,750
10116 Cook Aveoak lawn single family home3BR,2BA$1,789
4601 West 95th Street3 bed /1 bath3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
4601 West 95th Street3 bed /1 bath3BR,1BA$2.00
4738 W 101st St, Unit 3S4738 W 101st St2BR,1BA$1.78
9700 S Karlov Ave2 bed / 1 bath2BR,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.

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Real 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.

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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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Pet Friendly Lifestyle
Downtown Oak Lawn, Oak Lawn, IL

Ranked #1

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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.

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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.

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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.

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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.