Cheap Homes for Rent in Downtown Oak Park Neighborhood of Oak Park, IL from $1,000 (7 Rentals)

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

$1,075

Studio, 1 Bath Rentals

Available Now

7542 Adams St, Unit 4M

7542 Adams St

Forest ParkIL60130

$1,450

Total Monthly Price

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

405 Home Ave, Unit 302

405 Home Ave

Oak ParkIL60302

$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

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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$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

314 Lathrop Ave

Forest ParkIL60130

$1,550

1 Bedroom, 1 Bath Condo for Rent

Available Now

115 Marengo Ave

Forest ParkIL60130

$1,680

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

1301 N Harlem Ave

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.

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$1,695

2 Bedroom, 2 Bath Home for Rent

Available Now

7432 Washington St

Forest ParkIL60130

Showing Results 1-7, 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	$2,671	$1,695	$3,350
Downtown Oak Park 3 Bedroom Homes for Rent	$3,373	$2,495	$4,200
Downtown Oak Park 4 Bedroom Homes for Rent	$2,390	$2,390	$2,390

Browse Homes for Rent in this Neighborhood

There are currently 7 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
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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. RRK Ventures LLC 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
RRK Ventures LLC	0BR/1.0BA	Studio,1BA	$1,295
1116 Washington - Oak Park	1116-414	1BR,1BA	$1,375

Best Value Apartments for Rent in Downtown Oak Park, IL

As of June 06, 2026 the best value apartment in the Downtown Oak Park area is the $2.00 price per square foot 2bd 1ba - 900sqft. Model at 322-330 W Washington Blvd in the in the Downtown Oak Park neighborhood starting from $1,800. The second greatest value Downtown Oak Park apartment is the 312 Washington E Model at 302-312 Washington Blvd. and 337-345 S. Cuyler Ave. starting at $1,809 with a $2.13 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.
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	$2.15
511-521 S. Cuyler Ave.	513 S. Cuyler E & 519 S. Cuyler E	1BR,1BA	$2.07
238-250 Washington Blvd. and 347-357 S. Harvey Ave	240 Washington A	1BR,1BA	$2.42
1026-1028 Washington Blvd.	1028 Washington A	1BR,1BA	$2.92
37 Rockford Ave.	37 Rockford 1 Bedroom	1BR,1BA	$2.56
139-143 S Oak Park Ave	STUDIO	Studio ,1BA	$2.90
1116 Washington - Oak Park	1116-414	1BR,1BA	$2.62

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.

Best Local Schools in
Downtown Oak Park, Oak Park, IL

Oliver W Holmes Elementary School

Oak Park Esd 97 School District

Public School - Grades PK-5 (471)

10 out of 10

Oak Park & River Forest High School

Oak Park River Forest School District 200

Public School - Grades 9-12 (3276)

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 303 Apartments for Rent in Downtown Oak Park, IL with pricing that ranges from $995 to $7,015. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Oak Park ranging from $1,075 to $4,200.

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 $1,075 to $4,200 with an average monthly rent of $2,334.

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

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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

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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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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.