Cheap Homes for Rent in Olympia Fields, IL from $900 (22 Rentals)

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property at 3040 Chicago Rd

3040 Chicago Rd

South Chicago HeightsIL60411

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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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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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Olympia Fields, IL Local Guide

Cheapest Available Olympia Fields Apartments for Rent and Nearby

 

The cheapest available apartment rental in Olympia Fields, IL is a 1 Bed unit found at Central Park in the Lincoln Station neighborhood priced from $1,199. 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 ListingModel NameBed/BathPriced From
Central Park1 Bedroom 1 Bath1BR,1BA$1,199
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Park Towers Apartment HomesOne Bedroom1BR,1BA$1,340
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1,365
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1,410

Best Value Apartments for Rent in Olympia Fields, IL and Nearby

As of September 18, 2025 the best value apartment in the Olympia Fields area is the $2.09 price per square foot Fairhaven - 3 Bed 1.5 Bath Model at Manors at Brookmere in the in the Southwick Courtyards neighborhood starting from $2,895. The second greatest value Olympia Fields apartment is the 2 Bedroom 1 Bath Townhouse Model at Central Park starting at $1,530 with a $1.15 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Manors at BrookmereFairhaven - 3 Bed 1.5 Bath3BR,1.5BA$2.09
Central Park2 Bedroom 1 Bath Townhouse2BR,1BA$1.15
Park Towers Apartment HomesOne Bedroom1BR,1BA$1.74
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.74
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1.89
Cedar Ridge Apartments1 Bed 1 Bath1BR,1BA$1.90

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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 93 Apartments for Rent in Olympia Fields, IL with pricing that ranges from $900 to $16,486. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olympia Fields ranging from $950 to $5,400.

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 $950 to $5,400 with an average monthly rent of $2,673.

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 $1,550 to $2,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $3,295. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $4,148.

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.

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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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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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.