7542 Adams St
Forest ParkIL60130
Cheap Homes for Rent in the Downtown Oak Park Neighborhood of Oak Park, IL from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Oak Park area of Oak Park.
7441 Randolph St
Forest ParkIL60130
7432 Washington St
Forest ParkIL60130
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
1146 Ontario St
Oak ParkIL60302
1301 N Harlem Ave
Oak ParkIL60302
740 Belleforte Ave
Oak ParkIL60302
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-6, Page 1 of 1
Downtown Oak Park, Oak Park, IL Local Guide
How much does it cost to rent a home in Downtown Oak Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Oak Park 2 Bedroom Homes for Rent | $2,266 | $1,800 | $2,650 |
| Downtown Oak Park 3 Bedroom Homes for Rent | $3,531 | $3,295 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Downtown Oak Park Neighborhood of Oak Park, IL.
Explore Oak Park
Downtown Oak Park, Oak Park, IL Local Guide
- Nearby Oak Park neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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. 1116 Washington - Oak Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. 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 | 1014 1/2 - 23 | Studio,1BA | $1,250 |
| 1116 Washington - Oak Park | 1116-416 | 1BR,1BA | $1,375 |
| Pleasant Oak | Studio - B | Studio,1BA | $1,395 |
Best Value Apartments for Rent in Downtown Oak Park, IL
As of September 10, 2026 the best value apartment in the Downtown Oak Park area is the $1.24 price per square foot 3 bedroom 2 bath Model at 901 Ontario Apartments in the in the Downtown Oak Park neighborhood starting from $1,950. The second greatest value Downtown Oak Park apartment is the 309 Chicago Ave Model at 309 Chicago Ave, Unit 2 starting at $2,900 with a $2.27 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. |
|---|---|---|---|
| 901 Ontario Apartments | 3 bedroom 2 bath | 3BR,2BA | $1.24 |
| 309 Chicago Ave, Unit 2 | 309 Chicago Ave | 3BR,2BA | $2.27 |
| 139-143 S Oak Park Ave | ONE+DEN | 1BR,1.5BA | $2.24 |
| 101-111 S. Harvey Ave. and 237-249 South Blvd. | 101 S. Harvey W, 103 S. Harvey, 239 South W, 24... | 1BR,1BA | $2.04 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.99 |
| 532 Des Plaines Ave. | 532 Des Plaines A | 1BR,1BA | $2.03 |
| 504-508 S. Cuyler Ave. | 504 S. Cuyler 7 & 16 | 1BR,1BA | $2.04 |
| 322-330 W Washington Blvd | 1Bd1Ba | 1BR,1BA | $2.14 |
| 421 S. Elmwood Ave. | 421 Elmwood 1 bedroom | 1BR,1BA | $2.21 |
| 100-112 S. Harvey Ave. and 223-227 South Blvd. | 108 S. Harvey W | 1BR,1BA | $2.39 |
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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Article
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.
Let everyone know!
Do you know the Downtown Oak Park area?
If you’re an expert on all things Downtown Oak Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Downtown Oak Park, Oak Park, IL
Oliver W Holmes Elementary School
Oak Park Esd 97 School District
Public School - Grades K-5 (471)
10 out of 10
Gwendolyn Brooks Middle School
Oak Park Esd 97 School District
Public School - Grades 6-8 (927)
9 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Oak Park
What type of rentals are currently available in Downtown Oak Park?
There are currently 306 Apartments for Rent in Downtown Oak Park, IL with pricing that ranges from $900 to $7,627. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Oak Park ranging from $1,295 to $3,800.
What is the current price range for Rental Homes in Downtown Oak Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Oak Park ranges from $1,295 to $3,800 with an average monthly rent of $2,469.
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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.