Cheap Homes for Rent in Oak Park, IL from $1,000 (66 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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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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property at 2300 N Harlem Ave

$1,325 - $1,575

1 To 2 Bedroom Rentals

Available Now

2300 N Harlem Ave

Elmwood ParkIL60707

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 1 Bed unit found at 1042 N Leamington Ave in the Austin neighborhood priced from $985. 5125 W Madison St Chicago, IL 60644 in the Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,080. Here is today’s list of the most affordable Oak Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1042 N Leamington Ave1 Bedroom 1 Bath Apartment1BR,1BA$985
5125 W Madison St Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,080
5952-58 W Superior1 Bedroom 1 Bath Apartment with dining1BR,1BA$1,090
Pine North2BR/1.0BA2BR,1BA$1,100
1145-49 N LeClaire Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,115
418-24 S Laramie Ave Chicago, IL 606441 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,120
5501 W Washington Blvd Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,130
5101 W Monroe St Chicago, IL 606441 Bedroom 1 Bath Apartment1BR,1BA$1,140

Best Value Apartments for Rent in Oak Park, IL

As of December 28, 2025 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 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.
6853 W Belmont Ave, Unit 1R6853 W Belmont Ave2BR,2.5BA$0.93
5021 W Belden St, Unit 2W5021 W Belden St3BR,1BA$1.40
7660 Adams St, Unit 17660 Adams St3BR,1BA$1.39
112 Chicago Ave, Unit 2112 Chicago Ave3BR,1BA$1.29
1731 N Central Ave, Unit 11731 N Central Ave2BR,1BA$1.24
922 S Grove Ave, Unit 1922 S Grove Ave1BR,1BA$1.35
2125 N Lorel Ave, Unit Garden bedroom for rent2125 N Lorel Ave1BR,1BA$0.80
1211 Highland Ave, Unit B1211 Highland Ave2BR,1BA$1.45
4814-4820 W Monroe St Chicago, IL 606442 Bedroom 1 Bath Garden2BR,1BA$1.36
1852 Grove Ave, Unit 1B1852 Grove Ave1BR,1BA$1.43

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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Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

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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 1588 Apartments for Rent in Oak Park, IL with pricing that ranges from $800 to $11,480. There are also 210 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 $2,590.

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 $11,480, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,750.

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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!