Cheap Apartments for Rent in Park Forest, IL from $600 (11 Rentals)

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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.

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Eagle Ridge Apartments
Studio to 1 Bedroom Apartments

Eagle Ridge Apartments

3331-3351 S Commercial AveSouth Chicago Heights, IL 60411
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

421-505 Dixie HwyChicago Heights, IL 60411
  • Utilities Included
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4035 Lindenwood Dr
1 to 2 Bedroom Apartments

4035 Lindenwood Dr

4035 Lindenwood DrMatteson, IL 60443
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

22300 Richton Square RdRichton Park, IL 60471
  • Utilities Included
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Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
  • Utilities Included

Park Forest, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Park Forest Apartments for Rent

 

The cheapest available apartment rental in Park Forest, 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 $1,050. Here is today’s list of the most affordable Park Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carriage Creek Apartments2 bedroom2BR,1BA$1,025
Olympic Village ApartmentsThe Spruce1BR,1BA$1,050
Oakwood Townhomes1 Bedroom1BR,1BA$1,365
4206 Lindenwood Drive2 Bedroom 1 Bathroom Apartment2BR,1BA$1,530
Central Park Apartments & Townhomes2 Bed 1 Bath Townhouse2BR,1BA$1,539

Best Value Apartments for Rent in Park Forest, IL

As of June 23, 2025 the best value apartment in the Park Forest area is the $1.21 price per square foot 2 Bed 1 Bath Townhouse W/D Model at Central Park Apartments & Townhomes in the in the Lincoln Station neighborhood starting from $1,600. The second greatest value Park Forest apartment is the 3536 Front St Model at 3536 Front St, Unit 1West starting at $1,325 with a $1.33 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Park Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Central Park Apartments & Townhomes2 Bed 1 Bath Townhouse W/D2BR,1BA$1.21
3536 Front St, Unit 1West3536 Front St1BR,1BA$1.33
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
4206 Lindenwood Drive2 Bedroom 1 Bathroom Apartment2BR,1BA$2.11
Oakwood Townhomes1 Bedroom1BR,1BA$1.93
Olympic Village ApartmentsThe Pine1BR,1BA$1.52
Matteson Blu1 Bedroom, 1 Bathroom1BR,1BA$2.92
51 W 21st St, Unit 251 W 21st St3BR,1BA$17.00

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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.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Park Forest, IL Rentals by Map

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Getting Around Park Forest, IL

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

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 $1,050 at Olympic Village 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 $1,025 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 Olympic Village Apartments and starts from $1,445.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.