Cheap Homes for Rent in Oak Park, IL from $1,000 (46 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 6645 21st St

$1,300

1 Bedroom Rentals

Available Jun 1

6645 21st St

BerwynIL60402
property at 1436 Marengo Ave

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

1 Bedroom, 1 Bath Home for Rent

Available Now

1436 Marengo Ave

Forest ParkIL60130

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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property at 646 N Long Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Townhome for Rent

Available Now

646 N Long Ave

ChicagoIL60644
property at 7206 W Wellington Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

7206 W Wellington Ave

ChicagoIL60707

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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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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Showing Results 1-46, Page 1 of 1

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 Washington Plaza in the Austin neighborhood priced from $890. 5836 W Madison in the Oak Park Historic District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Oak Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Washington PlazaStudio ApartmentStudio,1BA$890
5836 W MadisonStudio ApartmentStudio,1BA$895
5957 W MadisonStudio ApartmentStudio,1BA$915
418 S Laramie1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,090
330 N Pine1 Bedroom 1 Bath Apartment1BR,1BA$1,095
5018 W Jackson1 Bedroom 1 Bath Apartment1BR,1BA$1,125
310 N Menard1 Bedroom 1 Bath Apartment1BR,1BA$1,135

Best Value Apartments for Rent in Oak Park, IL

As of May 19, 2026 the best value apartment in the Oak Park area is the $0.66 price per square foot 2Bd/1B - w/ an office Model at 5567 W Van Buren St in the in the Austin neighborhood starting from $1,900. The second greatest value Oak Park apartment is the 4913 W Erie St Model at 4913 W Erie St, Unit #1 starting at $1,650 with a $0.66 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.
5567 W Van Buren St2Bd/1B - w/ an office2BR,1BA$0.66
4913 W Erie St, Unit #14913 W Erie St2BR,1BA$0.66
5335 W 23rd Pl, Unit Upstairs Unit5335 W 23rd Pl3BR,1BA$0.83
62 Washington Blvd, Unit 362 Washington Blvd2BR,1BA$1.20
5021 W Belden St, Unit 2W5021 W Belden St3BR,1BA$1.40
5078 W Adams St, Unit 15078 W Adams St3BR,1BA$1.33
1108 Dunlop Ave, Unit 11108 Dunlop Ave3BR,1BA$1.46
2007 N Lamon Ave, Unit 1N2007 N Lamon Ave2BR,1BA$1.24
4914 W 18th St, Unit 54914 W 18th St2BR,1BA$1.15
701 N Lotus2 Bedroom 1 Bath Apartment2BR,1BA$1.48

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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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Oak Park, IL

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Oak Park

What type of rentals are currently available in Oak Park?

There are currently 1594 Apartments for Rent in Oak Park, IL with pricing that ranges from $750 to $11,795. There are also 148 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Park ranging from $1,030 to $4,800.

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 $1,030 to $4,800 with an average monthly rent of $2,351.

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 $1,450 to $10,652, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $4,800. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $3,841.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.