Cheap Apartments for Rent in the Downtown Park Forest Neighborhood of Park Forest, IL from $750 (30 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

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

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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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502 W Lincoln Hwy
Studio Apartments

502 W Lincoln Hwy

502 W Lincoln HwyChicago Heights, IL 60411
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484 Hickory St
3 Bedroom Apartments

484 Hickory St

484 Hickory StChicago Heights, IL 60411

Rent According to Income: A Look at Income-Restricted Rentals

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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
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402 Hickory St
2 Bedroom Apartments

402 Hickory St

402 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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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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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
  • Utilities Included
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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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Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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148 W 14th St
2 Bedroom Apartments

148 W 14th St

148 W 14th StChicago Heights, IL 60411
  • Utilities Included

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 $1,050. 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 ListingModel NameBed/BathPriced From
Linden Park ApartmentsStudio AStudio,1BA$1,050
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1,365
Westbridge Apartments1 Bed 1 Bath A Renovated1BR,1BA$1,370
Park Towers Apartments1 Bed 1 Bath A1BR,1BA$1,395
Olympic Village ApartmentsThe Maple2BR,1BA$1,440
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1,479
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$1,930

Best Value Apartments for Rent in Downtown Park Forest, IL

As of September 11, 2026 the best value apartment in the Downtown Park Forest area is the $1.60 price per square foot The Maple Model at Olympic Village Apartments in the in the Indian Hill neighborhood starting from $1,440. The second greatest value Downtown Park Forest apartment is the 2 Bed 1 Bath Model at Cedar Ridge Apartments starting at $1,479 with a $1.66 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.
Olympic Village ApartmentsThe Maple2BR,1BA$1.60
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.66
Westbridge Apartments1 Bed 1 Bath A Renovated1BR,1BA$1.77
Park Towers Apartments1 Bed 1 Bath A1BR,1BA$1.81
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.66
Oakwood Townhomes1 Bedroom 1 Bath Townhome Renovated1BR,1BA$2.09
Linden Park ApartmentsStudio AStudio ,1BA$2.76

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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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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 $1,160 at Linden Park 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 $1,415 at Linden Park 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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