Cheap Apartments for Rent in Oak Park, IL from $700 (315 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.

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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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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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230 S Maple
1 Bedroom Apartments

230 S Maple

230-238 S Maple AveOak Park, IL 60302
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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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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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801-811 S Euclid Ave
Studio to 1 Bedroom Apartments

801-811 S Euclid Ave

801-811 S Euclid AveOak Park, IL 60304

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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255 S Maple
Studio to 3 Bedroom Apartments

255 S Maple

1140-1144 N Randolph StOak Park, IL 60302
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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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432-438 N. Austin Blvd.
Studio to 2 Bedroom Apartments

432-438 N. Austin Blvd.

432-438 N Austin BlvdOak Park, IL 60302
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7 Van Buren
1 Bedroom Apartments

7 Van Buren

404 S Austin BlvdOak Park, IL 60304
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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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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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400 Scoville
1 Bedroom Apartments

400 Scoville

400-412 S Scoville AveOak Park, IL 60302
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422-426 S Taylor Ave
1 to 2 Bedroom Apartments

422-426 S Taylor Ave

422-426 S Taylor AveOak Park, IL 60302
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930 N Austin Blvd
Studio to 2 Bedroom Apartments

930 N Austin Blvd

930 N Austin BlvdOak Park, IL 60302
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Harvey
Studio to 1 Bedroom Apartments

Harvey

411-415 S Harvey AveOak Park, IL 60302
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921-923 Lake St
1 to 2 Bedroom Apartments

921-923 Lake St

921-923 Lake StOak Park, IL 60301
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130 Washington Blvd
1 to 2 Bedroom Apartments

130 Washington Blvd

124-130 W Washington BlvdOak Park, IL 60302
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432 S Clinton Ave
1 to 3 Bedroom Apartments

432 S Clinton Ave

432 S Clinton AveOak Park, IL 60302
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901-911 S Clinton
1 to 2 Bedroom Apartments

901-911 S Clinton

905-907 Clinton AveOak Park, IL 60304
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Clinton Court
Studio to 2 Bedroom Apartments

Clinton Court

943 Washington BlvdOak Park, IL 60302
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 Pine North in the Austin neighborhood priced from $815. Washington Plaza in the Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $890. Here is today’s list of the most affordable Oak Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pine North0BR/1.0BAStudio,1BA$815
Washington PlazaStudio ApartmentStudio,1BA$890
5125 W MadisonStudio ApartmentStudio,1BA$895
5957 W MadisonStudio ApartmentStudio,1BA$915
5024 W Quincy1 Bedroom 1 Bath Apartment1BR,1BA$1,085
500 S Laramie2 Bedroom 1 Bath Apartment2BR,1BA$1,095
5948 W SuperiorStudio ApartmentStudio,1BA$1,100
5018 W Jackson1 Bedroom 1 Bath Apartment1BR,1BA$1,125
5001 W Adams1 Bedroom 1 Bath Apartment1BR,1BA$1,125

Best Value Apartments for Rent in Oak Park, IL

As of June 14, 2026 the best value apartment in the Oak Park area is the $1.35 price per square foot 5100 W Fulton St Model at 5100 W Fulton St, Unit 1 in the in the Austin neighborhood starting from $3,500. The second greatest value Oak Park apartment is the 328 N Lockwood Ave Model at 328 N Lockwood Ave, Unit 2 starting at $2,340 with a $0.98 price per square foot in the Austin 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.
5100 W Fulton St, Unit 15100 W Fulton St4BR,2BA$1.35
328 N Lockwood Ave, Unit 2328 N Lockwood Ave3BR,1BA$0.98
5678 W Washington Blvd, Unit #35678 W Washington Blvd3BR,1BA$1.33
217 N Laramie Ave, Unit 1217 N Laramie Ave5BR,2BA$1.08
5021 W Belden St, Unit 2W5021 W Belden St3BR,1BA$1.40
60 Washington Blvd, Unit 260 Washington Blvd2BR,2BA$1.33
2017 N 72nd Ct, Unit C2017 N 72nd Ct3BR,2BA$1.54
109 N Laramie Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.52
2403 N 75th Ct, Unit A2403 N 75th Ct1BR,1BA$1.47
Pine North0BR/1.0BAStudio ,1BA$1.52

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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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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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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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 Pine North listed at $815.

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

The lowest price for a Cheap One Bedroom Oak Park Apartment is $1,085 at 5024 W Quincy.

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 $1,095 at 500 S Laramie.

What is the most affordable Oak Park Three Bedroom Apartment?

The best deal on a cheap Oak Park Three Bedroom Apartment rental is at 109 N Laramie Ave and starts from $1,350.

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

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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.

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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.

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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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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.

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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.

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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.

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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.