Cheap Apartments for Rent in Park Forest, IL from $600 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Park Forest.

378 W 16th St

3343 Commercial
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.

320 W 16th St

Eagle Ridge Apartments
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.
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 | $921 | $695 | $1,050 |
Cheap Park Forest 1 Bedroom Apartments | $1,492 | $1,000 | $2,868 |
Cheap Park Forest 2 Bedroom Apartments | $1,816 | $1,025 | $3,276 |
Cheap Park Forest 3 Bedroom Apartments | $1,953 | $1,445 | $2,540 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1,025 |
Olympic Village Apartments | The Spruce | 1BR,1BA | $1,050 |
Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1,365 |
4206 Lindenwood Drive | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $1,530 |
Central Park Apartments & Townhomes | 2 Bed 1 Bath Townhouse | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Central Park Apartments & Townhomes | 2 Bed 1 Bath Townhouse W/D | 2BR,1BA | $1.21 |
3536 Front St, Unit 1West | 3536 Front St | 1BR,1BA | $1.33 |
Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
4206 Lindenwood Drive | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $2.11 |
Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1.93 |
Olympic Village Apartments | The Pine | 1BR,1BA | $1.52 |
Matteson Blu | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.92 |
51 W 21st St, Unit 2 | 51 W 21st St | 3BR,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.
Best Local Schools in Park Forest, IL
21st Century Preparatory Center
Rich East Campus High School
Blackhawk Intermediate Center
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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
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 $1,050 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.

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.