
Cheap Homes for Rent in Oakland, IL from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Oakland.


603 Monroe Ave

14 N Central Ave

321 A St

24 W Buchanan Ave

16 W Buchanan Ave

1908 Marion Ave

1306 Arthur Ave

1305 18th St

605 Monroe Ave
Oakland, IL Local Guide

How much does it cost to rent a home in Oakland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Oakland 2 Bedroom Homes for Rent | $1,097 | $649 | $1,800 |
Oakland 3 Bedroom Homes for Rent | $1,420 | $939 | $2,890 |
Oakland 4 Bedroom Homes for Rent | $2,128 | $1,072 | $3,500 |
Oakland 5 Bedroom Homes for Rent | $2,522 | $2,095 | $2,950 |
Browse Top Homes for Rent in Oakland
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Oakland, IL Local Guide
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Cheapest Available Oakland Apartments for Rent and Nearby
 The cheapest available apartment rental in Oakland, IL is a 1 Bed unit found at Rider Place priced from $500. The Millennium Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $505. Here is today’s list of the most affordable Oakland apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rider Place | 1 Bedroom | 1BR,1BA | $500 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
Melrose and Brooklyn Heights Apartments | 2 Bed 1 Bath | 2BR,1BA | $585 |
Best Value Apartments for Rent in Oakland, IL and Nearby
As of September 12, 2025 the best value apartment in the Oakland area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Oakland apartment is the 2517 Leeper Dr Model at Southwest Apartments starting at $1,200 with a $1.00 price per square foot . Here is today’s list of the best values for Oakland apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
Southwest Apartments | 2517 Leeper Dr | 2BR,1.5BA | $1.00 |
Charleston Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.26 |
Stone Ridge Square | 2 Bedroom 1 Bath - 935 SF | 2BR,1BA | $1.26 |
Panther Heights | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
Prairie Green Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $1.09 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
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Frequently Asked Questions about Oakland
What type of rentals are currently available in Oakland?
There are currently 40 Apartments for Rent in Oakland, IL with pricing that ranges from $413 to $2,569. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakland ranging from $495 to $3,500.
What is the current price range for Rental Homes in Oakland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakland ranges from $495 to $3,500 with an average monthly rent of $1,416.
How much are larger Three and Four Bedroom Rentals in Oakland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakland range from $675 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $939 to $2,890. Four Bedroom Single-Family rentals are also available starting from $1,072 and Four Bedroom Apartments start at $1,529.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.