Cheap Homes for Rent in Downtown Park Forest Neighborhood of Park Forest, IL from $1,000 (7 Rentals)

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

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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 1 Bed unit found at Central Park priced from $1,199. Olympic Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here are the most affordable Downtown Park Forest apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Central Park1 Bedroom 1 Bath1BR,1BA$1,199
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Park Towers Apartment HomesOne Bedroom1BR,1BA$1,325

Best Value Apartments for Rent in Downtown Park Forest, IL

As of September 12, 2025 the best value apartment in the Downtown Park Forest area is the $1.15 price per square foot 2 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,530. The second greatest value Downtown Park Forest apartment is the Two Bedroom 2 Bath-910 sqft Model at Park Towers Apartment Homes starting at $1,600 with a $1.76 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.
Central Park2 Bedroom 1 Bath Townhouse2BR,1BA$1.15
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.76
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.74
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1.89
77 W 23rd St, Unit 1B77 W 23rd StStudio ,1BA$1.25

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Pet Friendly Lifestyle
Downtown Park Forest, Park Forest, IL

Ranked #1

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Downtown Park Forest, Park Forest, IL

School data provided by Great Schools

Frequently Asked Questions about Downtown Park Forest

What type of rentals are currently available in Downtown Park Forest?

There are currently 59 Apartments for Rent in Downtown Park Forest, IL with pricing that ranges from $750 to $2,540. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Park Forest ranging from $1,000 to $5,400.

What is the current price range for Rental Homes in Downtown Park Forest?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Park Forest ranges from $1,000 to $5,400 with an average monthly rent of $2,604.

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.

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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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.