Cheap Homes for Rent in Oak Park, IL from $1,000 (90 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in 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.

Read Article

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.

Read Article
property at 1436 Marengo Ave

1436 Marengo Ave

Forest ParkIL60130

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

Read Article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 2

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 $775. Washington Plaza in the Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $885. Here is today’s list of the most affordable Oak Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pine North0BR/1.0BAStudio,1BA$775
Washington PlazaStudio ApartmentStudio,1BA$885
1042 N Leamington Ave1 Bedroom 1 Bath Apartment1BR,1BA$985
5101 W Monroe St1 Bedroom 1 Bath Apartment1BR,1BA$1,075
500-14 S Laramie Ave1 Bedroom 1 Bathroom Apartment1BR,1BA$1,080
5236 W Harrison1 Bedroom 1 Bath Apartment with dining1BR,1BA$1,100
5001 W Adams St1 Bedroom 1 Bath Apartment1BR,1BA$1,130

Best Value Apartments for Rent in Oak Park, IL

As of November 13, 2025 the best value apartment in the Oak Park area is the $1.28 price per square foot 1935 Elmwood Ave Model at 1935 Elmwood Ave, Unit 1935 Elmwood Ave Berwyn in the in the Clyde neighborhood starting from $2,300. The second greatest value Oak Park apartment is the 5021 W Belden St Model at 5021 W Belden St, Unit 2W starting at $2,100 with a $1.40 price per square foot in the Cragin 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.
1935 Elmwood Ave, Unit 1935 Elmwood Ave Berwyn1935 Elmwood Ave3BR,1BA$1.28
5021 W Belden St, Unit 2W5021 W Belden St3BR,1BA$1.40
840 Dunlop Ave, Unit 2840 Dunlop Ave2BR,2BA$1.40
7660 Adams St, Unit 17660 Adams St3BR,1BA$1.39
2725 N 75th Ave, Unit 2nd floor2725 N 75th Ave3BR,1.5BA$1.39
1731 N Central Ave, Unit 11731 N Central Ave2BR,1BA$1.24
1619 N Merrimac Ave, Unit 11619 N Merrimac Ave2BR,1BA$1.31
5301 W Jackson Blvd, Unit 25301 W Jackson Blvd2BR,1BA$1.17
2659 N Monitor Ave1st floor2BR,1BA$1.21
1852 Grove Ave, Unit 1B1852 Grove Ave1BR,1BA$1.43

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article
Decorative image

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.

Read Article
Decorative image

A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Oak Park, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Oak Park, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Oak Park, IL

View Map
Oak Park, IL Apartments Map
View Map
Oak Park, IL Rental Homes Map

Frequently Asked Questions about Oak Park

What type of rentals are currently available in Oak Park?

There are currently 1610 Apartments for Rent in Oak Park, IL with pricing that ranges from $700 to $11,200. There are also 196 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Park ranging from $1,000 to $5,500.

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 $5,500 with an average monthly rent of $2,483.

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 $1,300 to $10,974, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $2,200.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.