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$1,5402 Bedroom Apartments Available Nov 21
Westbridge Apartments
23433-23451 S Western AvePark Forest, IL 60466
Cheap Apartments for Rent in the Downtown Park Forest Neighborhood of Park Forest, IL from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Park Forest area of Park Forest.
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$1,990 - $2,3051 to 3 Bedroom Apartments Available Now
Matteson Blu
4046 Lindenwood DrMatteson, IL 60443
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$1,201 - $1,6401 to 3 Bedroom Apartments Available Now
Olympic Village Apartments
31 Olympic VlgChicago Heights, IL 60411
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$1,620 - $3,2191 to 2 Bedroom Apartments Available Now
Park Towers Apartment Homes
3905 Tower DrRichton Park, IL 60471
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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$1,000 - $1,305Studio to 1 Bedroom Apartments Available Now
Linden Park Apartments
316 W 34th StSteger, IL 60475
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Contact Us For Pricing1 to 3 Bedroom Apartments Contact Us For Availability
Cedar Ridge Apartments
100 Cedar Ridge LnRichton Park, IL 60471
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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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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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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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Showing Results 1-29, Page 1 of 1
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 | $875 | $750 | $1,000 |
| Downtown Park Forest 1 Bedroom Apartments | $1,285 | $1,175 | $1,440 |
| Downtown Park Forest 2 Bedroom Apartments | $1,753 | $1,300 | $3,300 |
| Downtown Park Forest 3 Bedroom Apartments | $2,107 | $1,640 | $2,305 |
Browse Apartments in this Neighborhood
There are currently 29 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
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Park Forest Apartments for Rent
The cheapest available apartment rental in the Downtown Park Forest area of Chicago, IL is a 1 Bed unit found at Olympic Village Apartments priced from $1,201. Central Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,274. Here are the most affordable Downtown Park Forest apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,274 |
| Linden Park Apartments | 1 Bed 1 Bath Renovated A | 1BR,1BA | $1,305 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1,620 |
| Oakwood Townhomes | 3 Bedroom 1 Bath Townhouse | 3BR,1BA | $1,825 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1,990 |
Best Value Apartments for Rent in Downtown Park Forest, IL
As of October 30, 2025 the best value apartment in the Downtown Park Forest area is the $1.35 price per square foot 3 Bedroom 1 Bath Townhouse Model at Oakwood Townhomes in the in the Lincoln Station neighborhood starting from $1,825. The second greatest value Downtown Park Forest apartment is the Two Bedroom 2 Bath-910 sqft Model at Park Towers Apartment Homes starting at $1,615 with a $1.77 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oakwood Townhomes | 3 Bedroom 1 Bath Townhouse | 3BR,1BA | $1.35 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.77 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.74 |
| Linden Park Apartments | 1 Bed 1 Bath Renovated A | 1BR,1BA | $2.07 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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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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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Pet Friendly LifestyleDowntown Park Forest, Park Forest, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 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 $2,305.
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 9 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 $901 which is $1,404 cheaper than the average rent for all rentals in Downtown Park Forest.
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.
Apartment Common Area Rules: What Renters Need to Know
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.