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Studio to 3 Bedroom Apartments
Autumn Ridge
119 E Sycamore DrPark Forest, IL 60466
Cheap Apartments for Rent in the Downtown Park Forest Neighborhood of Park Forest, IL from $700 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Park Forest area of Park Forest.
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$1,000 - $1,850Studio to 3 Bedroom Apartments Available Now
Linden Park Apartments
316 W 34th StSteger, IL 60475
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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1 to 2 Bedroom Apartments
The Residences at Carriage Creek
4201 Sauk TrlRichton Park, IL 60471
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1 to 2 Bedroom Apartments
4035 Lindenwood Dr
4035 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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1 to 2 Bedroom Apartments
Richton Square Apartments
22300 Richton Square RdRichton Park, IL 60471
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Downtown Park Forest, 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 Downtown Park Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Park Forest Studio Apartments | $1,020 | $1,000 | $1,060 |
| Downtown Park Forest 1 Bedroom Apartments | $1,325 | $1,110 | $1,475 |
| Downtown Park Forest 2 Bedroom Apartments | $1,637 | $1,200 | $1,995 |
| Downtown Park Forest 3 Bedroom Apartments | $2,088 | $1,500 | $2,540 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Park Forest Neighborhood of Park Forest, IL.
See all Apartments in Park ForestExplore Park Forest
Downtown Park Forest, Park Forest, IL Local Guide
- Nearby Park Forest neighborhoods
- Nearby Cities
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Cheapest Available Downtown Park Forest Apartments for Rent
The cheapest available apartment rental in the Downtown Park Forest area of Chicago, IL is a Studio unit found at Linden Park Apartments priced from $1,000. Olympic Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here are the most affordable Downtown Park Forest apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Linden Park Apartments | Studio A | Studio,1BA | $1,000 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,289 |
Best Value Apartments for Rent in Downtown Park Forest, IL
As of January 26, 2026 the best value apartment in the Downtown Park Forest area is the $1.44 price per square foot 3 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,939. The second greatest value Downtown Park Forest apartment is the 48 W 21st St Model at 48 W 21st St, Unit Unit #1 starting at $1,300 with a $1.08 price per square foot in the Indian Hill neighborhood. Here is today’s list of the best values for Downtown Park Forest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Central Park | 3 Bedroom 1 Bath Townhouse | 3BR,1BA | $1.44 |
| 48 W 21st St, Unit Unit #1 | 48 W 21st St | 2BR,1BA | $1.08 |
| 41 W Main St, Unit #2 | 41 W Main St | 2BR,1BA | $1.64 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.76 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1.74 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.75 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhomes Updated | 1BR,1BA | $2.02 |
| Linden Park Apartments | Studio B | Studio ,1BA | $2.79 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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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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.
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Best Local Schools in Downtown Park Forest, 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
Michelle Obama School of Technology
Park Forest School District 163
Public School - Grades 6-8 (484)
5 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Park Forest Apartments
What is a cheap apartment in Downtown Park Forest?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Park Forest is under $1,995.
What is the price of a cheap apartment in Downtown Park Forest?
The cheapest apartment in Downtown Park Forest is Olympic Village Apartments which is listed at $1,201, while the average apartment in Downtown Park Forest costs $1,942.
What types of apartments are the cheapest in Downtown Park Forest?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Downtown Park Forest that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Park Forest?
Cheap apartments in Downtown Park Forest have an average cost of $523 which is $1,419 cheaper than the average rent for all rentals in Downtown Park Forest.
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
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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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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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Renting your next home can feel thrilling and overwhelming at the same time.
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.