Cheap Homes for Rent in Olympia Fields, IL from $1,200 (16 Rentals)

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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.

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.

property at 1100 Holbrook Rd

1100 Holbrook Rd

HomewoodIL60430

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!

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 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 ListingModel NameBed/BathPriced From
Carriage Creek Apartments1 bedroom2BR,1BA$1,025
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Central Park1 Bedroom 1 Bath1BR,1BA$1,289
Cedar Ridge Apartments1 Bed 1 Bath1BR,1BA$1,299
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Manors at BrookmereGoddard - 3 Bed 2.5 Bath3BR,2.5BA$2.14
724 Peoria St, Unit 2724 Peoria St3BR,1BA$1.50
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.84
Carriage Creek Apartments2 bedroom2BR,1BA$1.42
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.74
Central Park1 Bedroom 1 Bath1BR,1BA$1.78
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1.93
Cedar Ridge Apartments1 Bed 1 Bath1BR,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.

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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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The 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.

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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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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 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.

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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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!