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$1,3951 Bedroom Apartments Available May 8
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 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Park Forest area of Park Forest.
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$1,475 - $1,8251 to 3 Bedroom Apartments Available Now
Oakwood Townhomes
3324 Western AvePark Forest, IL 60466
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Studio to 3 Bedroom Apartments
Autumn Ridge
119 E Sycamore DrPark Forest, IL 60466
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1 to 3 Bedroom Apartments
Central Park
11 Fir StPark Forest, IL 60466
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$1,200 - $1,6451 to 3 Bedroom Apartments Available Now
Olympic Village Apartments
31 Olympic VlgChicago Heights, IL 60411
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$1,405 - $1,7951 to 2 Bedroom Apartments Available Now
Park Towers Apartments
3905 Tower DrRichton Park, IL 60471
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$1,040 - $1,770Studio to 3 Bedroom Apartments Available Now
Linden Park Apartments
316 W 34th StSteger, IL 60475
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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$1,755 - $2,5401 to 3 Bedroom Apartments Available Now
Matteson Blu
4046 Lindenwood DrMatteson, IL 60443
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$1,299 - $1,9591 to 3 Bedroom Apartments Available Now
Cedar Ridge Apartments
100 Cedar Ridge LnRichton Park, IL 60471
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$2,300 - $2,500
Total Monthly Price
4 to 5 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,300 - $2,500
Total Monthly Price
$2,300 - $2,500
48 W 21st St
48 W 21st StChicago Heights, IL 60411
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Studio Apartments
1916 Euclid Ave
1916 Euclid AveChicago Heights, IL 60411
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Studio Apartments
474 W 14th Pl
474 W 14th PlChicago Heights, IL 60411
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3 Bedroom Apartments
484 Hickory St
484 Hickory StChicago Heights, IL 60411
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Studio Apartments
502 W Lincoln Hwy
502 W Lincoln HwyChicago Heights, IL 60411
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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3 Bedroom Apartments
4031-4041 Charleston Rd
4031-4041 Charleston RdMatteson, IL 60443
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2 Bedroom Apartments
402 Hickory St
402 Hickory StChicago Heights, IL 60411
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Studio Apartments
205-207 W 14th Pl
205-207 W 14th PlChicago Heights, IL 60411
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1 Bedroom Apartments
128 W 34th St
128 W 34th StSteger, IL 60475
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1 to 2 Bedroom Apartments
4139-4143 Lindenwood Dr
4139-4143 Lindenwood DrMatteson, IL 60443
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1 to 2 Bedroom Apartments
4205-4211 Lindenwood Dr
4205-4211 Lindenwood DrMatteson, IL 60443
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1 to 2 Bedroom Apartments
4117 Lindenwood Dr
4117 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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3 to 4 Bedroom Apartments
130 Hickory St
130 Hickory StChicago Heights, IL 60411
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Studio to 2 Bedroom Apartments
378 West 116th
378 W 16th StChicago Heights, IL 60411
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1 to 2 Bedroom Apartments
Lindenwood Courts
4206 Lindenwood DrMatteson, IL 60443
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1 to 2 Bedroom Apartments
1430 Donovan Dr
1430 Donovan DrChicago Heights, IL 60411
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Studio to 3 Bedroom Apartments
450-480 W 16th St
450-480 W 16th StChicago Heights, IL 60411
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1 Bedroom Apartments
137 W 27th St
137 W 27th StSouth Chicago Heights, IL 60411
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1 to 2 Bedroom Apartments
Richton Square Apartments
22300 Richton Square RdRichton Park, IL 60471
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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1 to 3 Bedroom Apartments
Cedar Ridge Apartments
950 Cedar Ridge LnRichton Park, IL 60471
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2 Bedroom Apartments
148 W 14th St
148 W 14th StChicago Heights, IL 60411
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1 to 2 Bedroom Apartments
4140-4144 Lindenwood Dr
4140-4144 Lindenwood DrMatteson, IL 60443
Showing Results 1-31, 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 | $1,040 | $1,040 | $1,040 |
| Downtown Park Forest 1 Bedroom Apartments | $1,444 | $1,150 | $1,755 |
| Downtown Park Forest 2 Bedroom Apartments | $1,751 | $1,300 | $1,995 |
| Downtown Park Forest 3 Bedroom Apartments | $2,251 | $1,645 | $2,540 |
| Downtown Park Forest 4 Bedroom Apartments | $2,300 | $2,300 | $2,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 31 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
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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 $1,040. Olympic Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,440. 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 | $1,040 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1,440 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,529 |
| Park Towers Apartments | 2 Bed 2 Bath A | 2BR,2BA | $1,715 |
| Matteson Blu | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,755 |
| Oakwood Townhomes | 3 Bedroom 1 Bath Townhouse | 3BR,1BA | $1,825 |
Best Value Apartments for Rent in Downtown Park Forest, IL
As of April 27, 2026 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 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 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 |
| 48 W 21st St | 48 W 21st St | 5BR,2BA | $2.08 |
| Park Towers Apartments | 2 Bed 2 Bath A Remodel | 2BR,2BA | $1.97 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Matteson Blu | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.93 |
| Linden Park Apartments | Studio A | Studio ,1BA | $2.74 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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.
Read ArticleQuick 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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Best Local Schools in Downtown Park Forest, Park Forest, IL
21st Century Preparatory Center
Park Forest School District 163
Public School - Grades K-5 (157)
3 out of 10
Rich East Campus High School
Rich Twp Hsd 227 School District
Public School - Grades 9-12 (913)
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 Matteson Blu which is listed at $1,755, while the average apartment in Downtown Park Forest costs $2,540.
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 15 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 $923 which is $1,617 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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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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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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