Cheap Homes for Rent in Oak Park, IL from $1,000 (85 Rentals)

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Oak Park, IL Local Guide

Cheapest Available Oak Park Apartments for Rent

 

The cheapest available apartment rental in Oak Park, IL is a Studio unit found at Pine North in the Austin neighborhood priced from $765. 5957 W Madison St in the Oak Park Historic District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Oak Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pine North0BR/1.0BAStudio,1BA$765
5957 W Madison StStudio ApartmentStudio,1BA$900
4850 W North AveNSTUDIO1Studio,1BA$990
5001 W Adams St1 Bedroom 1 Bath Apartment1BR,1BA$1,080
Washington Plaza1 Bedroom Apartment1BR,1BA$1,115
7520 W Grand AveStudioStudio,1BA$1,175
Pleasant OakStudio - AStudio,1BA$1,175
5328 W Harrison2 Bedroom 1 Bath Apartment2BR,1BA$1,205

Best Value Apartments for Rent in Oak Park, IL

As of July 23, 2025 the best value apartment in the 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 Oak Park apartment is the 162 N La Crosse Ave Model at 162 N La Crosse Ave, Unit 2nd Fl. starting at $1,800 with a $1.29 price per square foot in the Austin neighborhood. Here is today’s list of the best values for Oak Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
901 Ontario Apartments3 bedroom 2 bath3BR,2BA$1.24
162 N La Crosse Ave, Unit 2nd Fl.162 N La Crosse Ave2BR,1BA$1.29
2007 N Lamon Ave, Unit 1N2007 N Lamon Ave2BR,1BA$1.20
5100-04 W Madison St3 Bedroom 2 Bathroom Apartment3BR,2BA$1.17
423-25 N Central Ave3 Bedroom 1 Bath Apartment3BR,1BA$1.47
1102 N Central Ave, Unit 11102 N Central Ave2BR,1BA$1.48
1107 Hannah Ave, Unit Apt # 21107 Hannah Ave2BR,1BA$1.43
950 N Mayfield Ave, Unit 2N950 N Mayfield Ave1BR,1BA$1.29
5328 W Harrison2 Bedroom 1 Bath Apartment2BR,1BA$1.51
5309 W Jackson Blvd, Unit 2ndfloor5309 W Jackson Blvd2BR,1BA$1.30

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Frequently Asked Questions about Oak Park

What type of rentals are currently available in Oak Park?

There are currently 1600 Apartments for Rent in Oak Park, IL with pricing that ranges from $895 to $9,250. There are also 170 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Park ranging from $1,000 to $5,250.

What is the current price range for Rental Homes in Oak Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Park ranges from $1,000 to $5,250 with an average monthly rent of $2,490.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oak Park range from $1,500 to $3,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,495. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $1,850.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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.