
Cheap Apartments for Rent in the Downtown Oak Park Neighborhood of Oak Park, IL from $700 (96 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Oak Park area of Oak Park.


1116 Washington - Oak Park

1000 - 1010 North Blvd

326 S Maple Ave, Unit C3

Pleasant Oak

301-313 N. Oak Park Ave.

100-112 S. Harvey Ave. and 223-227 South Blvd.

238-250 Washington Blvd. and 347-357 S. Harvey Ave

101-111 S. Harvey Ave. and 237-249 South Blvd.

322-330 W Washington Blvd
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.

511-521 S. Cuyler Ave.

246 S Marion St

139-143 S Oak Park Ave

141 S Oak Park Ave

126-132 N. Elmwood Ave. and 418-426 Lake St.

426 Wesley Ave

914 North Blvd. Oak Park, IL 60302

440 S Ridgeland Ave

100 Forest Place Apartments

210 N Marion 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.

Total Monthly Price
Albion Oak Park

Porter

Oak Park Place

Oak Park

421 South Oak Park Avenue

Live in Oak Park

230 S Maple

Bon Villa Apartments

255 S Maple

300 Madison St
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.

112-122 S Maple Ave

400 Scoville

Harvey

921-923 Lake St

Kenton House

432 S Clinton Ave

Clinton Court

421 S Harvey Ave

1035-1045 Washington Blvd

1036-1038 Randolph St
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.

316-24 Lake St

458-466 Washington Blvd

Pleasant Home

720 Washington

165 S. Oak Park Ave.

515 Forest Ave

209 S Oak Park Ave

504-508 S. Cuyler Ave.

405-407 Washington Blvd.

428 Washington Blvd
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.
Downtown Oak Park, Oak Park, IL Local Guide

How much does it cost to rent an apartment in Downtown Oak Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Oak Park Studio Apartments | $1,964 | $995 | $3,079 |
| Downtown Oak Park 1 Bedroom Apartments | $2,287 | $1,375 | $5,500 |
| Downtown Oak Park 2 Bedroom Apartments | $3,411 | $1,650 | $6,590 |
| Downtown Oak Park 3 Bedroom Apartments | $7,015 | $7,015 | $7,015 |
Browse Apartments in this Neighborhood
There are currently 96 rentals with your search options within a 1 mile radius of the Downtown Oak Park Neighborhood of Oak Park, IL.
See all Apartments in Oak ParkExplore Oak Park
Downtown Oak Park, Oak Park, IL Local Guide
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Cheapest Available Downtown Oak Park Apartments for Rent
 The cheapest available apartment rental in the Downtown Oak Park area of Chicago, IL is a Studio unit found at 1000 - 1010 North Blvd priced from $1,250. 227 Des Plaines Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here are the most affordable Downtown Oak Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1000 - 1010 North Blvd | 1004-24 | Studio,1BA | $1,250 |
| 227 Des Plaines Ave | 0BR/1.0BA | Studio,1BA | $1,295 |
| 1116 Washington - Oak Park | 1116-414 | 1BR,1BA | $1,375 |
| 238-250 Washington Blvd. and 347-357 S. Harvey Ave | 240 Washington A | 1BR,1BA | $1,439 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1,495 |
| 322-330 W Washington Blvd | 1Bd1Ba | 1BR,1BA | $1,495 |
| 139-143 S Oak Park Ave | STUDIO | Studio,1BA | $1,595 |
| 218-228 Pleasant St. and 134-140 S. Harvey Ave. | 220 & 224 Pleasant | 1BR,1BA | $1,659 |
| 302-312 Washington Blvd. and 337-345 S. Cuyler Ave. | 312 Washington E | 1BR,1BA | $1,809 |
Best Value Apartments for Rent in Downtown Oak Park, IL
As of June 11, 2026 the best value apartment in the Downtown Oak Park area is the $3.30 price per square foot (C16) Two Bedroom Apartment Model at Albion Oak Park in the in the Downtown Oak Park neighborhood starting from $4,246. The second greatest value Downtown Oak Park apartment is the B9T Model at The Emerson starting at $3,509 with a $3.35 price per square foot in the Downtown Oak Park neighborhood. Here is today’s list of the best values for Downtown Oak Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Albion Oak Park | (C16) Two Bedroom Apartment | 2BR,2BA | $3.30 |
| The Emerson | B9T | 2BR,2BA | $3.35 |
| 322-330 W Washington Blvd | 2bd 1ba - 900sqft. | 2BR,1BA | $2.00 |
| 302-312 Washington Blvd. and 337-345 S. Cuyler Ave. | 312 Washington E | 1BR,1BA | $2.13 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.99 |
| 218-228 Pleasant St. and 134-140 S. Harvey Ave. | 220 & 224 Pleasant | 1BR,1BA | $2.23 |
| 238-250 Washington Blvd. and 347-357 S. Harvey Ave | 240 Washington A | 1BR,1BA | $2.42 |
| 139-143 S Oak Park Ave | STUDIO | Studio ,1BA | $2.90 |
| 1116 Washington - Oak Park | 1116-414 | 1BR,1BA | $2.62 |
| 1000 - 1010 North Blvd | 1004-24 | Studio ,1BA | $3.13 |
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.
Best Local Schools in Downtown Oak Park, Oak Park, IL
Oliver W Holmes Elementary School
Gwendolyn Brooks Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Oak Park Apartments
What is the Cheapest Studio apartment in Downtown Oak Park?
Currently the most affordable Cheap Studio Apartment in Downtown Oak Park is at 1000 - 1010 North Blvd listed at $1,250.
How much is rent for a Cheap One Bedroom Downtown Oak Park Apartment?
The lowest price for a Cheap One Bedroom Downtown Oak Park Apartment is $1,375 at 1116 Washington - Oak Park.
What is the lowest price for a Cheap Two Bedroom Downtown Oak Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Oak Park is starting from $1,800 at 322-330 W Washington Blvd.
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
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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

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.

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.

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.