Cheap Homes for Rent in Francisco Terrace Neighborhood of Oak Park, IL from $900 (8 Rentals)

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

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.

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.

Francisco Terrace, Oak Park, IL Local Guide

Cheapest Available Francisco Terrace Apartments for Rent

 

The cheapest available apartment rental in the Francisco Terrace area of Chicago, IL is a Studio unit found at 5957 W Madison priced from $915. 5948 W Superior has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Francisco Terrace apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5957 W MadisonStudio ApartmentStudio,1BA$915
5948 W SuperiorStudio ApartmentStudio,1BA$1,100
310 N Menard1 Bedroom 1 Bath Apartment1BR,1BA$1,135

Best Value Apartments for Rent in Francisco Terrace, IL

As of June 14, 2026 the best value apartment in the Francisco Terrace area is the $1.33 price per square foot 60 Washington Blvd Model at 60 Washington Blvd, Unit 2 in the in the Oak Park Historic District neighborhood starting from $2,000. The second greatest value Francisco Terrace apartment is the Apartment 113-1 Model at 111-113 Harrison St starting at $1,850 with a $1.61 price per square foot in the Oak Park Historic District neighborhood. Here is today’s list of the best values for Francisco Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
60 Washington Blvd, Unit 260 Washington Blvd2BR,2BA$1.33
111-113 Harrison StApartment 113-12BR,1BA$1.61
820-828 N Austin Blvd2 Beds, 1 Baths2BR,1BA$1.83
531 S Lombard Ave, Unit First floor unit531 S Lombard Ave2BR,1BA$1.90
432-438 N. Austin Blvd.432 N. Austin A & 438 N. Austin H2BR,1BA$1.77
322-330 W Washington Blvd2bd 1ba - 900sqft.2BR,1BA$2.00
302-312 Washington Blvd. and 337-345 S. Cuyler Ave.312 Washington E1BR,1BA$2.13
24-32 Washington Blvd.26 Washington A & B & 30 Washington A & B1BR,1BA$1.79
638-642 Harrison St.642 Harrison GW1BR,1BA$1.74
310 N Menard1 Bedroom 1 Bath Apartment1BR,1BA$1.57

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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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
Francisco Terrace, Oak Park, IL

Ranked #4

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Francisco Terrace

What type of rentals are currently available in Francisco Terrace?

There are currently 438 Apartments for Rent in Francisco Terrace, IL with pricing that ranges from $915 to $7,015. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Francisco Terrace ranging from $950 to $4,200.

What is the current price range for Rental Homes in Francisco Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Francisco Terrace ranges from $950 to $4,200 with an average monthly rent of $2,197.

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

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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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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.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

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.

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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

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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.

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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.

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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.

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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.