Cheap Homes for Rent in Oak Park, IL from $1,000 (60 Rentals)

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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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property at 7740 Harvard St

$1,300 - $1,400

1 Bedroom Rentals

Available Now

7740 Harvard St

Forest ParkIL60130

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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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!

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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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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. 5402 W Rice St Chicago, IL 60651 in the Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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
5402 W Rice St Chicago, IL 60651Studio ApartmentStudio,1BA$800
5501 W Washington Blvd Chicago, IL 60644Studio ApartmentStudio,1BA$890
5836-46 W Madison St Chicago, IL 60644Studio ApartmentStudio,1BA$895
500 S Laramie1 Bedroom 1 Bath Apartment1BR,1BA$1,005
5957-73 W Madison St 11-17 S Austin Chicago, IL 60644Studio ApartmentStudio,1BA$1,015
5101 W Monroe St Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,050
723-25 N Central Ave Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,055
504-508 S. Cuyler Ave.504 S. Cuyler StudioStudio,1BA$1,059

Best Value Apartments for Rent in Oak Park, IL

As of February 05, 2026 the best value apartment in the Oak Park area is the $0.93 price per square foot 6853 W Belmont Ave Model at 6853 W Belmont Ave, Unit 1R in the in the Dunning neighborhood starting from $2,800. The second greatest value Oak Park apartment is the 1915 Harvey Ave Model at 1915 Harvey Ave, Unit 1915 Berwyn starting at $1,850 with a $0.62 price per square foot in the Clyde 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.
6853 W Belmont Ave, Unit 1R6853 W Belmont Ave2BR,2.5BA$0.93
1915 Harvey Ave, Unit 1915 Berwyn1915 Harvey Ave3BR,1BA$0.62
7660 Adams St, Unit 17660 Adams St3BR,1BA$1.39
2311 S Central Ave, Unit 12311 S Central Ave2BR,1BA$1.22
1731 N Central Ave, Unit 11731 N Central Ave2BR,1BA$1.24
5301 W Jackson Blvd, Unit 25301 W Jackson Blvd2BR,1BA$1.17
2117 Scoville Ave, Unit Unit 12117 Scoville Ave2BR,1BA$1.36
938 N Parkside Ave, Unit Parkside/Augusta 2nd fl938 N Parkside Ave2BR,1BA$1.35
2125 N Lorel Ave, Unit Garden bedroom for rent2125 N Lorel Ave1BR,1BA$0.80
317 Wisconsin Ave, Unit 2a317 Wisconsin Ave2BR,1BA$1.40

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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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

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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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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.

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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

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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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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

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

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Frequently Asked Questions about Oak Park

What type of rentals are currently available in Oak Park?

There are currently 1611 Apartments for Rent in Oak Park, IL with pricing that ranges from $800 to $10,994. There are also 164 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Park ranging from $1,075 to $5,000.

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 $1,075 to $5,000 with an average monthly rent of $2,335.

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 $1,400 to $10,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,800.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.