Cheap Apartments for Rent in Oak Park, IL from $700 (353 Rentals)

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Search the lowest-cost Apartments available for rent right now in Oak Park.

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.

property at 19 Augusta St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 3 Bath Home for Rent

Available Now

19 Augusta St

Oak ParkIL60302

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 141 S Oak Park Ave

$1,695 - $2,695

Studio To 1 Bedroom Rentals

Available May 1

141 S Oak Park Ave

Oak ParkIL60302
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Oak Park
Studio to 1 Bedroom Apartments

Oak Park

853 Washington BlvdOak Park, IL 60302
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421 South Oak Park Avenue
Studio to 1 Bedroom Apartments

421 South Oak Park Avenue

419-421 S Oak Park AveOak Park, IL 60302
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Live in Oak Park
Studio to 3 Bedroom Apartments

Live in Oak Park

1041 South BlvdOak Park, IL 60302
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The Ray Apartments
Studio to 1 Bedroom Apartments

The Ray Apartments

1118-1126 S Austin BlvdOak Park, IL 60304
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230 S Maple
1 Bedroom Apartments

230 S Maple

230-238 S Maple AveOak Park, IL 60302
  • Utilities Included

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.

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901-917 S Euclid Ave
1 Bedroom Apartments

901-917 S Euclid Ave

901-917 S Euclid AveOak Park, IL 60304
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817 S. Oak Park Ave.
Studio Apartments

817 S. Oak Park Ave.

817-819 S Oak Park AveOak Park, IL 60304
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450-460 N Austin Blvd
1 Bedroom Apartments

450-460 N Austin Blvd

450-460 N Austin BlvdOak Park, IL 60302
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Bon Villa Apartments
Studio to 1 Bedroom Apartments

Bon Villa Apartments

320 Wisconsin AveOak Park, IL 60302
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North Court
Studio to 3 Bedroom Apartments

North Court

480 N Austin BlvdOak Park, IL 60302
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301 Harrison
Studio to 1 Bedroom Apartments

301 Harrison

301 Harrison StOak Park, IL 60304
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801-811 S Euclid Ave
Studio to 1 Bedroom Apartments

801-811 S Euclid Ave

801-811 S Euclid AveOak Park, IL 60304
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700 North Austin Blvd
Studio to 1 Bedroom Apartments

700 North Austin Blvd

700 N Austin BlvdOak Park, IL 60302
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1000 Austin
1 to 2 Bedroom Apartments

1000 Austin

1000-06 S Austin BlvdOak Park, IL 60304
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255 S Maple
Studio to 3 Bedroom Apartments

255 S Maple

1140-1144 N Randolph StOak Park, IL 60302
  • Utilities Included

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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1000 N Austin
Studio to 3 Bedroom Apartments

1000 N Austin

1000 N Austin BlvdOak Park, IL 60302
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1022 N. Austin
1 Bedroom Apartments

1022 N. Austin

1022-1024 N AustinOak Park, IL 60302
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514 S Austin
1 Bedroom Apartments

514 S Austin

514 S Austin BlvdOak Park, IL 60304
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7 Van Buren
1 Bedroom Apartments

7 Van Buren

404 S Austin BlvdOak Park, IL 60304
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425-431 N. Humphrey Ave.
Studio to 1 Bedroom Apartments

425-431 N. Humphrey Ave.

425 N Humphrey AveOak Park, IL 60302
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300 Madison St
Studio to 3 Bedroom Apartments

300 Madison St

300 Madison StOak Park, IL 60302
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112-122 S Maple Ave
Studio to 1 Bedroom Apartments

112-122 S Maple Ave

112-122 S Maple AveOak Park, IL 60302
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206-214 N Austin Blvd
1 Bedroom Apartments

206-214 N Austin Blvd

206-214 N Austin BlvdOak Park, IL 60302
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400 Scoville
1 Bedroom Apartments

400 Scoville

400-412 S Scoville AveOak Park, IL 60302
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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!

Oak Park, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Oak Park Apartments for Rent

 

The cheapest available apartment rental in Oak Park, IL is a Studio unit found at 5501 W Washington Blvd Chicago, IL 60644 in the Austin neighborhood priced from $890. 5836-46 W Madison St Chicago, IL 60644 in the Oak Park Historic District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Oak Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
5501 W Washington Blvd Chicago, IL 60644Studio ApartmentStudio,1BA$890
5836-46 W Madison St Chicago, IL 60644Studio ApartmentStudio,1BA$895
5957-73 W Madison St 11-17 S Austin Chicago, IL 60644Studio ApartmentStudio,1BA$915
5125 W Madison St Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,080
418-24 S Laramie Ave Chicago, IL 606441 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,120
5018 W Jackson Blvd Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,125
330 N Pine Ave Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,125
310 N Menard Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,135
5500 W Van Buren St Chicago, IL 606442 Bedroom 1 Bath Apartment2BR,1BA$1,155

Best Value Apartments for Rent in Oak Park, IL

As of April 29, 2026 the best value apartment in the Oak Park area is the $0.66 price per square foot 2Bd/1B - w/ an office Model at 5567 W Van Buren St in the in the Austin neighborhood starting from $1,900. The second greatest value Oak Park apartment is the 62 Washington Blvd Model at 62 Washington Blvd, Unit 3 starting at $1,800 with a $1.20 price per square foot in the Oak Park Historic District neighborhood. Here is today’s list of the best values for Oak Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5567 W Van Buren St2Bd/1B - w/ an office2BR,1BA$0.66
62 Washington Blvd, Unit 362 Washington Blvd2BR,1BA$1.20
5021 W Belden St, Unit 2W5021 W Belden St3BR,1BA$1.40
5078 W Adams St, Unit 15078 W Adams St3BR,1BA$1.33
1731 N Central Ave, Unit 11731 N Central Ave2BR,1BA$1.24
5321 W Potomac Ave, Unit G5321 W Potomac Ave3BR,1BA$1.50
400-08 S Laramie Ave Chicago, IL 606442 Bedroom 1 Bath Apartment2BR,1BA$1.33
5906 W Huron St, Unit 15906 W Huron St1BR,1BA$1.47
4914 W 18th St, Unit 54914 W 18th St2BR,1BA$1.15
1228-1230 N. Austin Blvd.1230 Austin A1BR,1BA$1.52

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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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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Oak Park Overview

Located in the heart of Chicago's west side, Oak Park apartments are an ideal way to get to know the Windy City and all that it has to offer. From a thriving job market to the cultural excitement of one of the nation's most popular destinations, Oak Park is an in-demand locale brimming with opportunity.

Why live in Oak Park, IL?

Offering easy access to one of the most in-demand cities in the world, Oak Park apartments are a hot commodity indeed. Offering a wide range of school options as well as a consistent job market, this dynamic city is an ideal slice of life in the state of Illinois.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Oak Park, IL Rentals by Map

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Frequently Asked Questions about Cheap Oak Park Apartments

What is the Cheapest Studio apartment in Oak Park?

Currently the most affordable Cheap Studio Apartment in Oak Park is at 5501 W Washington Blvd Chicago, IL 60644 listed at $890.

How much is rent for a Cheap One Bedroom Oak Park Apartment?

The lowest price for a Cheap One Bedroom Oak Park Apartment is $1,045 at 5957-73 W Madison St 11-17 S Austin Chicago, IL 60644.

What is the lowest price for a Cheap Two Bedroom Oak Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oak Park is starting from $1,155 at 5500 W Van Buren St Chicago, IL 60644.

What is the most affordable Oak Park Three Bedroom Apartment?

The best deal on a cheap Oak Park Three Bedroom Apartment rental is at 5735 W Washington and starts from $1,750.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.