
Cheap Homes for Rent in Park Forest, IL from $900 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Park Forest.


3353 Commercial Ave

3351 Commercial

3351 Commercial Ave

3536 Front St
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.

1230 Park Ave

15 E 21st St

4061 Charleston Rd

37-39 W 14th Pl

37 W 14th Pl
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.

3002 Green St

3530 214th St

41 Indianwood Blvd

444 W Hickory St

22405 Thomas Dr
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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444 Hickory St
Park Forest, IL Local Guide

How much does it cost to rent a home in Park Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Forest 2 Bedroom Homes for Rent | $1,616 | $1,500 | $1,750 |
| Park Forest 3 Bedroom Homes for Rent | $2,153 | $1,500 | $3,250 |
| Park Forest 4 Bedroom Homes for Rent | $2,068 | $1,860 | $2,350 |
Browse Top Homes for Rent in Park Forest
Explore Park Forest
Park Forest, IL Local Guide
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Cheapest Available Park Forest Apartments for Rent
 The cheapest available apartment rental in Park Forest, IL is a Studio unit found at Linden Park Apartments in the Downtown Park Forest neighborhood priced from $1,060. Olympic Village Apartments in the Indian Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here is today’s list of the most affordable Park Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Linden Park Apartments | Studio B | Studio,1BA | $1,060 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
| Carriage Creek Apartments | 1 Bed 1 Bath Mid-Rise B (Heat Included) | 1BR,1BA | $1,230 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,314 |
| Maple Leaf Apartments | Mid-rise | 1BR,1BA | $1,320 |
Best Value Apartments for Rent in Park Forest, IL
As of February 22, 2026 the best value apartment in the Park Forest area is the $1.45 price per square foot 818 Sandra Dr Model at 818 Sandra Dr, Unit 818 Sandra Dr in the in the University Park neighborhood starting from $1,600. The second greatest value Park Forest apartment is the 3 Bed 2 Bath Model at Cedar Ridge Apartments starting at $1,959 with a $1.87 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Park Forest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 818 Sandra Dr, Unit 818 Sandra Dr | 818 Sandra Dr | 2BR,1.5BA | $1.45 |
| Cedar Ridge Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.87 |
| Maple Leaf Apartments | Mid-rise | 2BR,1.5BA | $1.59 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1.74 |
| Park Towers Apartment Homes | One Bedroom | 1BR,1BA | $1.81 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.75 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1.81 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhomes Updated | 1BR,1BA | $2.02 |
| Carriage Creek Apartments | 1 Bed 1 Bath Mid-Rise B (Heat Included) | 1BR,1BA | $1.79 |
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 ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
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 ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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 Park Forest, IL
Rich East Campus High School
Blackhawk Intermediate Center
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Park Forest, IL Rentals by Map
See the most popular apartments and homes in Park Forest, IL
Frequently Asked Questions about Park Forest
What type of rentals are currently available in Park Forest?
There are currently 111 Apartments for Rent in Park Forest, IL with pricing that ranges from $1,050 to $8,351. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Forest ranging from $900 to $3,250.
What is the current price range for Rental Homes in Park Forest?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Forest ranges from $900 to $3,250 with an average monthly rent of $1,582.
How much are larger Three and Four Bedroom Rentals in Park Forest?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Forest range from $1,400 to $2,540, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,860 and Four Bedroom Apartments start at $2,300.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.