
Cheap Apartments for Rent in Park Forest, IL from $600 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Park Forest.


Westbridge Apartments

Autumn Ridge

3626 Western Ave

Central Park

431 Dixie Hwy

3343 Commercial, Unit 16

3333 Commercial Ave, Unit 14
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.

Linden Park Apartments

Total Monthly Price
3040 Chicago Rd, Unit 15, Unit 15

Carriage Creek Apartments

Olympic Village Apartments

Total Monthly Price
2315 E End Ave, Unit 2, Unit 2

Dynasty House Apartments

Richton Trail

Cedar Ridge Apartments
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.

392 W Hickory St, Unit 2E

Maple Leaf Apartments

4561 Heartland Dr

Arbors at Hickory Creek

Park Towers Apartments

818 Sandra Dr, Unit 818 Sandra Dr, Unit 818 Sandra Dr

631 Andover St

Matteson Blu
Cash 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.

2510 Ash St

517 Nathan Rd

Eagle Ridge Apartments

The Residences at Carriage Creek

Oakwood Apartments

4035 Lindenwood Dr

Richton Square Apartments

3333 Commercial Ave
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.

Cedar Ridge Apartments

Governors House Apartments

Lindenwood Courts

3135 Chicago Rd

3360 W 184th St

394 W 15th St

3323 Halsted St

417 W Hickory St
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

432 Hickory St
Park Forest, IL Local Guide

How much does it cost to rent an apartment in Park Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Park Forest Studio Apartments | $980 | $950 | $1,040 |
| Cheap Park Forest 1 Bedroom Apartments | $1,338 | $900 | $1,680 |
| Cheap Park Forest 2 Bedroom Apartments | $1,616 | $1,300 | $1,930 |
| Cheap Park Forest 3 Bedroom Apartments | $2,176 | $1,645 | $2,430 |
| Cheap Park Forest 4 Bedroom Apartments | $8,502 | $2,300 | $10,000+ |
Browse Top Apartments in Park Forest
See all Apartments in Park ForestExplore Park Forest
Park Forest, IL Local Guide

- Park Forest Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Park Forest Apartments for Rent
 The cheapest available apartment rental in Park Forest, IL is a 1 Bed unit found at Carriage Creek Apartments in the Lincoln Station neighborhood priced from $1,185. Maple Leaf Apartments in the University Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,320. Here is today’s list of the most affordable Park Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carriage Creek Apartments | 1 Bed 1 Bath Garden A | 1BR,1BA | $1,185 |
| Maple Leaf Apartments | Mid-rise | 1BR,1BA | $1,320 |
| Linden Park Apartments | 1 Bed 1 Bath Renovated A | 1BR,1BA | $1,345 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1,365 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1,395 |
| Dynasty House Apartments | 2 Bedroom UNIV | 2BR,1BA | $1,425 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1,440 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,529 |
Best Value Apartments for Rent in Park Forest, IL
As of May 08, 2026 the best value apartment in the Park Forest area is the $1.45 price per square foot 818 Sandra Dr Model at 818 Sandra Dr, Unit 818 Sandra Dr in the in the University Park neighborhood starting from $1,600. The second greatest value Park Forest apartment is the The Maple Model at Olympic Village Apartments starting at $1,440 with a $1.60 price per square foot in the Indian Hill neighborhood. Here is today’s list of the best values for Park Forest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 818 Sandra Dr, Unit 818 Sandra Dr | 818 Sandra Dr | 2BR,1.5BA | $1.45 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Dynasty House Apartments | 2 Bedroom UNIV | 2BR,1BA | $1.63 |
| 2315 E End Ave, Unit 2 | 2315 E End Ave | 1BR,1BA | $1.41 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1.74 |
| 3040 Chicago Rd, Unit 15 | 3040 Chicago Rd | 1BR,1BA | $1.31 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1.93 |
| Carriage Creek Apartments | 1 Bed 1 Bath Garden A | 1BR,1BA | $1.91 |
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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Park Forest Overview
"With a population of around 20,000 and located due south of the big city excitement of Chicago, Park Forest apartments are a great way to get to experience all that life in Illinois has to offer. Touting the motto ""Live, Grow, Discover"", this 'little big city' has much to offer in the way of opportunity and convenience."
Why live in Park Forest, IL?
Home to both natural public park beauty and modern city convenience, Park Forest apartments are an ideal way to get closer to the charm of Illinois. Offering much in the way of schools, employment opportunities and nearby big city cultural experiences, this is one hot spot that should be high on the list for anyone considering a move to the greater Chicago metro vicinity.
Best Local Schools in Park Forest, IL
Indiana Elementary School
Rich East Campus High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Park Forest, IL Rentals by Map
See the most popular apartments and homes in Park Forest, IL
Frequently Asked Questions about Cheap Park Forest Apartments
How much is rent for a Cheap One Bedroom Park Forest Apartment?
The lowest price for a Cheap One Bedroom Park Forest Apartment is $1,185 at Carriage Creek Apartments.
What is the lowest price for a Cheap Two Bedroom Park Forest Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Park Forest is starting from $1,300 at Carriage Creek Apartments.
What is the most affordable Park Forest Three Bedroom Apartment?
The best deal on a cheap Park Forest Three Bedroom Apartment rental is at Maple Leaf Apartments and starts from $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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.