Cheap Apartments for Rent in Park Forest, IL from $600 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Park Forest.

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466

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.

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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.

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Eagle Ridge Apartments
Studio to 1 Bedroom Apartments

Eagle Ridge Apartments

3331-3351 S Commercial AveSouth Chicago Heights, IL 60411

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.

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Oakwood Apartments
1 to 2 Bedroom Apartments

Oakwood Apartments

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

4035 Lindenwood Dr

4035 Lindenwood DrMatteson, IL 60443
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Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

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

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
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Lindenwood Courts
1 to 2 Bedroom Apartments

Lindenwood Courts

4206 Lindenwood DrMatteson, IL 60443

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-45, Page 1 of 1

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 Studio unit found at Linden Park Apartments in the Downtown Park Forest neighborhood priced from $1,050. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,210. Here is today’s list of the most affordable Park Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linden Park ApartmentsStudio AStudio,1BA$1,050
Carriage Creek Apartments1 Bed 1 Bath Garden B1BR,1BA$1,210
Dynasty House Apartments1 Bedroom UNIV1BR,1BA$1,305
Maple Leaf ApartmentsMid-rise1BR,1BA$1,320
Park Towers Apartments1 Bed 1 Bath A1BR,1BA$1,380
Westbridge Apartments1 Bed 1 Bath B Renovated1BR,1BA$1,415
Oakwood Townhomes1 Bedroom 1 Bath Townhomes Updated1BR,1BA$1,425
Olympic Village ApartmentsThe Maple2BR,1BA$1,440
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1,529

Best Value Apartments for Rent in Park Forest, IL

As of June 23, 2026 the best value apartment in the Park Forest area is the $1.22 price per square foot 104 W Main St Model at 104 W Main St, Unit 1 in the in the Indian Hill neighborhood starting from $1,650. The second greatest value Park Forest apartment is the 48 W 21st St Model at 48 W 21st St starting at $2,500 with a $2.08 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 ListingModel NameBed/BathPrice Per Sq.Ft.
104 W Main St, Unit 1104 W Main St3BR,1BA$1.22
48 W 21st St48 W 21st St5BR,2BA$2.08
Dynasty House Apartments3 Bedroom UNIV3BR,2BA$1.86
Park Towers Apartments2 Bed 2 Bath A Remodel2BR,2BA$1.93
1541 Euclid Ave, Unit Apartment #11541 Euclid Ave2BR,1BA$1.22
Olympic Village ApartmentsThe Maple2BR,1BA$1.60
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Westbridge Apartments1 Bed 1 Bath B Renovated1BR,1BA$1.77
Carriage Creek Apartments1 Bed 1 Bath Garden B1BR,1BA$1.81

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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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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Real 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.

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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

School data provided by Great Schools

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

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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 $1,210 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 $1,310 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 Linden Park Apartments and starts from $1,715.

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

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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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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.

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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.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.