Cheap Apartments for Rent in the Downtown Park Forest Neighborhood of Park Forest, IL from $700 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Park Forest area of 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

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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1916 Euclid Ave
Studio Apartments

1916 Euclid Ave

1916 Euclid AveChicago Heights, IL 60411
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474 W 14th Pl
Studio Apartments

474 W 14th Pl

474 W 14th PlChicago Heights, IL 60411
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484 Hickory St
3 Bedroom Apartments

484 Hickory St

484 Hickory StChicago Heights, IL 60411
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502 W Lincoln Hwy
Studio Apartments

502 W Lincoln Hwy

502 W Lincoln HwyChicago Heights, IL 60411

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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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402 Hickory St
2 Bedroom Apartments

402 Hickory St

402 Hickory StChicago Heights, IL 60411
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205-207 W 14th Pl
Studio Apartments

205-207 W 14th Pl

205-207 W 14th PlChicago Heights, IL 60411
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128 W 34th St
1 Bedroom Apartments

128 W 34th St

128 W 34th StSteger, IL 60475
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4117 Lindenwood Dr
1 to 2 Bedroom Apartments

4117 Lindenwood Dr

4117 Lindenwood DrMatteson, IL 60443

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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130 Hickory St
3 to 4 Bedroom Apartments

130 Hickory St

130 Hickory StChicago Heights, IL 60411
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378 West 116th
Studio to 2 Bedroom Apartments

378 West 116th

378 W 16th StChicago Heights, IL 60411
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Lindenwood Courts
1 to 2 Bedroom Apartments

Lindenwood Courts

4206 Lindenwood DrMatteson, IL 60443
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1430 Donovan Dr
1 to 2 Bedroom Apartments

1430 Donovan Dr

1430 Donovan DrChicago Heights, IL 60411
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450-480 W 16th St
Studio to 3 Bedroom Apartments

450-480 W 16th St

450-480 W 16th StChicago Heights, IL 60411
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137 W 27th St
1 Bedroom Apartments

137 W 27th St

137 W 27th StSouth Chicago Heights, IL 60411
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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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148 W 14th St
2 Bedroom Apartments

148 W 14th St

148 W 14th StChicago Heights, IL 60411
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Downtown Park Forest, Park Forest, IL Local Guide

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 $1,020. Central Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,314. Here are the most affordable Downtown Park Forest apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Linden Park ApartmentsStudio AStudio,1BA$1,020
Central Park1 Bedroom 1 Bath1BR,1BA$1,314
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1,365
Park Towers Apartment HomesOne Bedroom1BR,1BA$1,400
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1,529
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$1,995

Best Value Apartments for Rent in Downtown Park Forest, IL

As of March 13, 2026 the best value apartment in the Downtown Park Forest area is the $2.08 price per square foot 48 W 21st St Model at 48 W 21st St in the in the Indian Hill neighborhood starting from $2,500. The second greatest value Downtown Park Forest apartment is the 2 Bed 1 Bath Model at Cedar Ridge Apartments starting at $1,529 with a $1.72 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Downtown Park Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
48 W 21st St48 W 21st St5BR,2BA$2.08
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Westbridge Apartments1 Bed 1 Bath B Renovated1BR,1BA$1.74
Park Towers Apartment HomesOne Bedroom1BR,1BA$1.79
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.75
Central Park1 Bedroom 1 Bath1BR,1BA$1.81
Oakwood Townhomes1 Bedroom 1 Bath Townhome Renovated1BR,1BA$2.09
Linden Park ApartmentsStudio Renovated BStudio ,1BA$3.03

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.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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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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 Linden Park Apartments which is listed at $1,130, while the average apartment in Downtown Park Forest costs $2,500.

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 11 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 $581 which is $1,919 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.

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Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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.

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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.