Cheap Homes for Rent in Downtown Oak Park Neighborhood of Oak Park, IL from $1,100 (10 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 246 S Marion St

246 S Marion St

Oak ParkIL60302
Showing Results 1-10, Page 1 of 1

Downtown Oak Park, Oak Park, IL Local Guide

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 1116 Washington - Oak Park priced from $1,195. 1000 - 1010 North Blvd has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Downtown Oak Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1116 Washington - Oak Park1116-408Studio,1BA$1,195
1000 - 1010 North Blvd1002 1/2 - 39Studio,1BA$1,195
Pleasant OakStudio - BStudio,1BA$1,250

Best Value Apartments for Rent in Downtown Oak Park, IL

As of May 23, 2025 the best value apartment in the Downtown Oak Park area is the $1.88 price per square foot 421 Elmwood - 3x2 Model at 421 S. Elmwood Ave. in the in the Downtown Oak Park neighborhood starting from $2,539. The second greatest value Downtown Oak Park apartment is the 112 N Kenilworth Ave Model at 112 N Kenilworth Ave, Unit 1C starting at $2,200 with a $1.83 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 ListingModel NameBed/BathPrice Per Sq.Ft.
421 S. Elmwood Ave.421 Elmwood - 3x23BR,2BA$1.88
112 N Kenilworth Ave, Unit 1C112 N Kenilworth Ave2BR,2BA$1.83
262-264 S. Marion St. and 1036-1038 Randolph St2642BR,1BA$2.19
218-228 Pleasant St. and 134-140 S. Harvey Ave218 Pleasant G2BR,1BA$1.51
101-111 S. Harvey Ave. and 237-249 South Blvd101 S. Harvey W, 103 S. Harvey, 239 South W, 24...1BR,1BA$1.68
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.80
204 Marengo Ave.204 Marengo Ave A, C, D & F1BR,1BA$1.98
511-521 S. Cuyler Ave.515 S. Cuyler S & 517 S. Cuyler N1BR,1BA$2.04
506 N Cuyler Ave, Unit 2R506 N Cuyler Ave1BR,1BA$1.75
532 Des Plaines Ave.532 Des Plaines E1BR,1BA$2.16

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown Oak Park

What type of rentals are currently available in Downtown Oak Park?

There are currently 308 Apartments for Rent in Downtown Oak Park, IL with pricing that ranges from $1,125 to $8,992. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Oak Park ranging from $1,150 to $5,500.

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 $1,150 to $5,500 with an average monthly rent of $3,203.

How much are larger Three and Four Bedroom Rentals in Downtown Oak Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Oak Park range from $1,950 to $3,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,675 to $4,200. Four Bedroom Single-Family rentals are also available starting from $5,500 and Four Bedroom Apartments start at $2,795.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.