
Cheap Homes for Rent in Olympia Fields, IL from $1,300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Olympia Fields.


2426 183rd St

2029 215th Pl

3135 Chicago Rd

394 W 15th St

253 Mantua St
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.

3360 W 184th St

432 Hickory St

417 W Hickory St

583 Andover St

2049 Magnolia Rd

1153 Williamsburg 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.
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 | $2,457 | $1,650 | $3,400 |
| Olympia Fields 3 Bedroom Homes for Rent | $2,245 | $1,700 | $3,000 |
| Olympia Fields 4 Bedroom Homes for Rent | $2,661 | $1,600 | $3,690 |
Browse Top Homes for Rent in Olympia Fields
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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 Studio unit found at Carriage Creek Apartments in the Lincoln Station neighborhood priced from $1,100. 723 Grant Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. 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 | Studio Garden | Studio,1BA | $1,100 |
| 723 Grant Ave | 1BR/1.0BA | 1BR,1BA | $1,100 |
| Park Towers Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1,405 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1,440 |
| Lindenwood Courts | 2 Bed 1 Bath Renovated | 2BR,1BA | $1,500 |
Best Value Apartments for Rent in Olympia Fields, IL and Nearby
As of April 24, 2026 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 3 Bedroom 1 Bath Townhome Renovated Model at Oakwood Townhomes starting at $1,995 with a $1.48 price per square foot in the Lincoln Station neighborhood. 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 |
| Oakwood Townhomes | 3 Bedroom 1 Bath Townhome Renovated | 3BR,1BA | $1.48 |
| Central Park | 2 Bedroom 1 Bath Townhouse | 2BR,1BA | $1.23 |
| Park Towers Apartments | 2 Bed 2 Bath A Remodel | 2BR,2BA | $1.97 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Lindenwood Courts | 2 Bed 1 Bath Renovated | 2BR,1BA | $2.07 |
| 723 Grant Ave | 1BR/1.0BA | 1BR,1BA | $1.57 |
| Matteson Blu | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.93 |
| Carriage Creek Apartments | Studio Garden | Studio ,1BA | $2.04 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleCash 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.
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!
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Frequently Asked Questions about Olympia Fields
What type of rentals are currently available in Olympia Fields?
There are currently 96 Apartments for Rent in Olympia Fields, IL with pricing that ranges from $900 to $17,609. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olympia Fields ranging from $1,350 to $3,690.
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 $1,350 to $3,690 with an average monthly rent of $2,178.
How much are larger Three and Four Bedroom Rentals in Olympia Fields?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Olympia Fields range from $1,645 to $2,540, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,800.
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

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.

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.

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.

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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.