Cheap Homes for Rent in Oak Park, IL from $800 (53 Rentals)

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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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property at 5910 W 26th St

5910 W 26th St

CiceroIL60804

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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property at 842 Beloit Ave

842 Beloit Ave

Forest ParkIL60130

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 7740 Harvard St

7740 Harvard St

Forest ParkIL60130

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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property at 246 S Marion St

246 S Marion St

Oak ParkIL60302
property at 7234 W North Ave

7234 W North Ave

Elmwood ParkIL60707
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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. 5948 W Superior in the Oak Park Historic District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $865. 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
5948 W SuperiorStudio ApartmentStudio,1BA$865
Washington PlazaStudio ApartmentStudio,1BA$870
5957 W Madison StStudio ApartmentStudio,1BA$895
5040 W Quincy St3 Bedroom 1 Bathroom Apartment3BR,1BA$1,085
500-14 S Laramie Ave2 Bedroom 1 Bathroom Apartment2BR,1BA$1,085
330 N Pine1 Bedroom 1 Bath Apartment1BR,1BA$1,110

Best Value Apartments for Rent in Oak Park, IL

As of May 31, 2025 the best value apartment in the Oak Park area is the $0.87 price per square foot 5100 W Fulton St Model at 5100 W Fulton St, Unit 1 in the in the Austin neighborhood starting from $2,250. The second greatest value Oak Park apartment is the 5817 W 16th St Model at 5817 W 16th St, Unit First Floor starting at $1,900 with a $0.76 price per square foot in the Rehm Park 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.
5100 W Fulton St, Unit 15100 W Fulton St4BR,2BA$0.87
5817 W 16th St, Unit First Floor5817 W 16th St4BR,2BA$0.76
5556-64 W Jackson Blvd4 Bedroom 2 Bathroom Apartment4BR,2BA$1.29
2007 N Lamon Ave, Unit 2N2007 N Lamon Ave2BR,1BA$1.16
1822 N Luna Ave, Unit 21822 N Luna Ave2BR,1BA$1.25
5040 W Quincy St3 Bedroom 1 Bathroom Apartment3BR,1BA$1.22
218-228 Pleasant St. and 134-140 S. Harvey Ave218 Pleasant G2BR,1BA$1.51
824 N Parkside Ave, Unit 3rd floor824 N Parkside Ave3BR,1BA$1.35
4814 W Monroe2 Bedroom 1 Bathroom Garden Apartment2BR,1BA$1.46
4813 W Armitage Ave, Unit 14813 W Armitage Ave1BR,1BA$1.44

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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Frequently Asked Questions about Oak Park

What type of rentals are currently available in Oak Park?

There are currently 1571 Apartments for Rent in Oak Park, IL with pricing that ranges from $795 to $9,643. There are also 144 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Park ranging from $875 to $6,200.

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 $875 to $6,200 with an average monthly rent of $2,470.

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 $1,150 to $3,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $4,800. Four Bedroom Single-Family rentals are also available starting from $1,850 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.

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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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.