Cheap Homes for Rent in Olympia Fields, IL from $1,200 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Olympia Fields.

3484 Western Ave

4061 Charleston Rd

4061 Charleston Rd
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.

41 W 14th Pl

21 Indianwood Blvd

594 Andover St

28 Dunlap Rd
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.

41 Indianwood Blvd

305 Meota St

1100 Holbrook Rd

1216 Park Ave
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!

1100 Holbrook Rd
Olympia Fields, IL Local Guide

How much does it cost to rent a home in Olympia Fields?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olympia Fields 2 Bedroom Homes for Rent | $1,734 | $1,500 | $2,200 |
| Olympia Fields 3 Bedroom Homes for Rent | $2,337 | $1,550 | $3,250 |
| Olympia Fields 4 Bedroom Homes for Rent | $2,813 | $1,860 | $7,500 |
| Olympia Fields 5 Bedroom Homes for Rent | $3,566 | $2,800 | $4,600 |
| Olympia Fields 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Top Homes for Rent in Olympia Fields
Explore Olympia Fields
Olympia Fields, IL Local Guide
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Cheapest Available Olympia Fields Apartments for Rent and Nearby
 The cheapest available apartment rental in Olympia Fields, IL is a 2 Beds unit found at Carriage Creek Apartments in the Lincoln Station neighborhood priced from $1,025. Olympic Village Apartments in the Indian Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here is today’s list of the most affordable Olympia Fields apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1,025 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,289 |
| Cedar Ridge Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,299 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1,365 |
Best Value Apartments for Rent in Olympia Fields, IL and Nearby
As of December 08, 2025 the best value apartment in the Olympia Fields area is the $2.14 price per square foot Goddard - 3 Bed 2.5 Bath Model at Manors at Brookmere in the in the Southwick Courtyards neighborhood starting from $3,120. The second greatest value Olympia Fields apartment is the 724 Peoria St Model at 724 Peoria St, Unit 2 starting at $1,800 with a $1.50 price per square foot . Here is today’s list of the best values for Olympia Fields apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Manors at Brookmere | Goddard - 3 Bed 2.5 Bath | 3BR,2.5BA | $2.14 |
| 724 Peoria St, Unit 2 | 724 Peoria St | 3BR,1BA | $1.50 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.84 |
| Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1.42 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.74 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1.93 |
| Cedar Ridge Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.06 |
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.
Read ArticleBest 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
Read ArticleThe 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.
Read ArticleA 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
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Olympia Fields, IL Rentals by Map
See the most popular apartments and homes in Olympia Fields, IL
Frequently Asked Questions about Olympia Fields
What type of rentals are currently available in Olympia Fields?
There are currently 92 Apartments for Rent in Olympia Fields, IL with pricing that ranges from $1,025 to $3,120. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olympia Fields ranging from $1,250 to $7,500.
What is the current price range for Rental Homes in Olympia Fields?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olympia Fields ranges from $1,250 to $7,500 with an average monthly rent of $2,950.
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.

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!



