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Cheap Apartments for Rent in Park Forest, IL from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Park Forest.
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$950Studio Apartments Available Now
3343 Commercial Ave
3343 Commercial AveSouth Chicago Heights, IL 60411
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Studio to 1 Bedroom Apartments
Eagle Ridge Apartments
3331-3351 S Commercial AveSouth Chicago Heights, IL 60411
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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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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Park Forest, IL Local Guide
Park Forest by David Wilson is licensed under CC BY 2.0
How much does it cost to rent an apartment in Park Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Park Forest Studio Apartments | $983 | $950 | $1,050 |
| Cheap Park Forest 1 Bedroom Apartments | $1,494 | $1,050 | $2,912 |
| Cheap Park Forest 2 Bedroom Apartments | $1,807 | $1,025 | $3,237 |
| Cheap Park Forest 3 Bedroom Apartments | $1,841 | $1,500 | $2,540 |
Browse Top Apartments in Park Forest
See all Apartments in Park ForestExplore Park Forest
Park Forest, IL Local Guide
Written By:
Justin HabersaatEditing Staff
- 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 Olympic Village Apartments in the Indian Hill neighborhood priced from $1,201. Oakwood Townhomes in the Lincoln Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,365. Here is today’s list of the most affordable Park Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
| Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1,365 |
| Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1,375 |
Best Value Apartments for Rent in Park Forest, IL
As of July 24, 2025 the best value apartment in the Park Forest area is the $1.15 price per square foot 2 Bed 1 Bath Townhouse Model at Central Park Apartments & Townhomes in the in the Lincoln Station neighborhood starting from $1,530. The second greatest value Park Forest apartment is the 3536 Front St Model at 3536 Front St, Unit 2East starting at $1,150 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Central Park Apartments & Townhomes | 2 Bed 1 Bath Townhouse | 2BR,1BA | $1.15 |
| 3536 Front St, Unit 2East | 3536 Front St | 1BR,1BA | $1.15 |
| Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.71 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
| 4206 Lindenwood Drive | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $2.02 |
| Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1.93 |
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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.
Best Local Schools in Park Forest, IL
21st Century Preparatory Center
Park Forest School District 163
Public School - Grades K-3 (157)
3 out of 10
Rich East Campus High School
Rich Twp Hsd 227 School District
Public School - Grades 9-12 (898)
4 out of 10
Blackhawk Intermediate Center
Park Forest School District 163
Public School - Grades K-3 (163)
6 out of 10
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
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,201 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 $1,375 at Richton Trail.
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 $1,640.
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.
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.
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.
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.
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.