Cheap Homes for Rent in Downtown Oak Park Neighborhood of Oak Park, IL from $1,300 (12 Rentals)

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

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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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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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 1000 - 1010 North Blvd priced from $1,195. 1116 Washington - Oak Park has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Downtown Oak Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1000 - 1010 North Blvd1010-16Studio,1BA$1,195
1116 Washington - Oak Park1116-412Studio,1BA$1,200
101-111 S. Harvey Ave. and 237-249 South Blvd101 S. Harvey W, 103 S. Harvey, 239 South W, 24...1BR,1BA$1,345
RRK Ventures LLC1BR/1.0BA1BR,1BA$1,375
322-330 W Washington Blvd1Bd1Ba1BR,1BA$1,395

Best Value Apartments for Rent in Downtown Oak Park, IL

As of November 08, 2025 the best value apartment in the Downtown Oak Park area is the $1.58 price per square foot 202 N Ridgeland Ave Model at 202 N Ridgeland Ave, Unit 2 in the in the Downtown Oak Park neighborhood starting from $3,000. The second greatest value Downtown Oak Park apartment is the 258 Washington Blvd Model at 258 Washington Blvd, Unit 2 starting at $2,800 with a $1.88 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.
202 N Ridgeland Ave, Unit 2202 N Ridgeland Ave3BR,1BA$1.58
258 Washington Blvd, Unit 2258 Washington Blvd3BR,2BA$1.88
7660 Adams St, Unit 17660 Adams St3BR,1BA$1.39
425 N Maple Ave, Unit 2425 N Maple Ave2BR,1BA$1.73
173-181 N. Grove Ave.175. N Grove G & H & 179 N. Grove C & D2BR,1.5BA$1.88
206 N Kenilworth Ave, Unit 1206 N Kenilworth Ave2BR,1BA$1.46
322-330 W Washington Blvd1Bd1Ba1BR,1BA$1.55
254 S. Maple Ave.1116G1BR,1BA$1.94
101-111 S. Harvey Ave. and 237-249 South Blvd101 S. Harvey W, 103 S. Harvey, 239 South W, 24...1BR,1BA$1.78
Circle Court1 Bedroom, 1 Bath1BR,1BA$1.90

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Pet Friendly Lifestyle
Downtown Oak Park, Oak Park, IL

Ranked #5

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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

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 309 Apartments for Rent in Downtown Oak Park, IL with pricing that ranges from $1,195 to $8,774. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Oak Park ranging from $1,375 to $4,000.

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 $1,375 to $4,000 with an average monthly rent of $2,262.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.