
Cheap Apartments for Rent in the Downtown Park Forest Neighborhood of Park Forest, IL from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Park Forest area of Park Forest.


Oakwood Townhomes

Autumn Ridge

Central Park

Olympic Village Apartments

Park Towers Apartments

Linden Park Apartments
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

Matteson Blu

Cedar Ridge Apartments

1916 Euclid Ave

474 W 14th Pl

502 W Lincoln Hwy

4031-4041 Charleston Rd

484 Hickory St
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205-207 W 14th Pl

128 W 34th St

4139-4143 Lindenwood Dr

4205-4211 Lindenwood Dr

4117 Lindenwood Dr

402 Hickory St

378 West 116th
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130 Hickory St

Lindenwood Courts

1430 Donovan Dr

450-480 W 16th St

137 W 27th St

Richton Square Apartments

Cedar Ridge Apartments
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148 W 14th St

4140-4144 Lindenwood Dr
Downtown Park Forest, Park Forest, IL Local Guide

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 | $1,065 | $1,050 | $1,110 |
| Downtown Park Forest 1 Bedroom Apartments | $1,360 | $1,160 | $1,475 |
| Downtown Park Forest 2 Bedroom Apartments | $1,654 | $1,300 | $1,930 |
| Downtown Park Forest 3 Bedroom Apartments | $2,015 | $1,500 | $2,430 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Downtown Park Forest Neighborhood of Park Forest, IL.
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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 $1,110. Oakwood Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,365. 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 B | Studio,1BA | $1,110 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1,365 |
| Park Towers Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1,365 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1,435 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1,440 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,529 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1,930 |
Best Value Apartments for Rent in Downtown Park Forest, IL
As of July 28, 2026 the best value apartment in the Downtown Park Forest area is the $1.78 price per square foot 2 Bed 2 Bath A Remodel Model at Park Towers Apartments in the in the Lincoln Station neighborhood starting from $1,620. The second greatest value Downtown Park Forest apartment is the The Maple Model at Olympic Village Apartments starting at $1,440 with a $1.60 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. |
|---|---|---|---|
| Park Towers Apartments | 2 Bed 2 Bath A Remodel | 2BR,2BA | $1.78 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1.79 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.66 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhome Renovated | 1BR,1BA | $2.09 |
| Linden Park Apartments | Studio B | Studio ,1BA | $2.92 |
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 ArticleReal 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.
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.
Best Local Schools in Downtown Park Forest, Park Forest, IL
21st Century Preparatory Center
Rich East Campus High School
Michelle Obama School of Technology
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Park Forest Apartments
How much is rent for a Cheap One Bedroom Downtown Park Forest Apartment?
The lowest price for a Cheap One Bedroom Downtown Park Forest Apartment is $1,365 at Park Towers Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Park Forest Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Park Forest is starting from $1,440 at Olympic Village Apartments.
What is the most affordable Downtown Park Forest Three Bedroom Apartment?
The best deal on a cheap Downtown Park Forest Three Bedroom Apartment rental is at Oakwood Townhomes and starts from $1,825.
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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