3484 Western Ave
Park ForestIL60466
Cheap Homes for Rent in Downtown Park Forest Neighborhood of Park Forest, IL from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Park Forest area of Park Forest.
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$1,3002 Bedroom Apartments Available Now
392 W Hickory St, Unit 1E
392 W Hickory StChicago Heights, IL 60411
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$1,3002 Bedroom Apartments Available Now
392 W Hickory St, Unit 2E
392 W Hickory StChicago Heights, IL 60411
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.
631 Andover St
Chicago HeightsIL60411
1267 Division St
Chicago HeightsIL60411
325 Onarga St
Park ForestIL60466
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.
444 W Hickory St
Chicago HeightsIL60411
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Downtown Park Forest, Park Forest, IL Local Guide
How much does it cost to rent a home in Downtown Park Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Park Forest 2 Bedroom Homes for Rent | $2,050 | $1,950 | $2,100 |
| Downtown Park Forest 3 Bedroom Homes for Rent | $1,979 | $1,450 | $2,800 |
| Downtown Park Forest 4 Bedroom Homes for Rent | $2,791 | $1,900 | $3,200 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $1,050. Park Towers Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,380. 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 | $1,050 |
| Park Towers Apartment Homes | 1 Bed 1 Bath A | 1BR,1BA | $1,380 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1,415 |
Best Value Apartments for Rent in Downtown Park Forest, IL
As of June 12, 2026 the best value apartment in the Downtown Park Forest area is the $1.16 price per square foot 1665 Buena Vista Ave Model at 1665 Buena Vista Ave, Unit 3 in the in the Indian Hill neighborhood starting from $1,850. 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. |
|---|---|---|---|
| 1665 Buena Vista Ave, Unit 3 | 1665 Buena Vista Ave | 4BR,1BA | $1.16 |
| 48 W 21st St | 48 W 21st St | 5BR,2BA | $2.08 |
| Park Towers Apartment Homes | 2 Bed 2 Bath A Remodel | 2BR,2BA | $1.93 |
| 1541 Euclid Ave, Unit Apartment #1 | 1541 Euclid Ave | 2BR,1BA | $1.22 |
| 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 | $1.77 |
| 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 A | Studio ,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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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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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 (150)
4 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 (423)
4 out of 10
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 62 Apartments for Rent in Downtown Park Forest, IL with pricing that ranges from $1,050 to $2,500. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Park Forest ranging from $1,300 to $3,200.
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 $1,300 to $3,200 with an average monthly rent of $2,030.
How much are larger Three and Four Bedroom Rentals in Downtown Park Forest?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Park Forest range from $1,645 to $2,430, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,850.
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.
Helpful Local Expert Guides
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.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
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.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.