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$950Studio Apartments Available Now
3343 Commercial, Unit 16
3343 CommercialSouth Chicago Heights, IL 60411
Cheap Homes for Rent in Park Forest, IL from $900 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Park Forest.
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$950Studio Apartments Available Now
3333 Commercial Ave, Unit 14
3333 Commercial AveChicago Heights, IL 60411
3343 Commercial Ave
South Chicago HeightsIL60411
3333 Commercial Ave
Chicago HeightsIL60411
3626 Western Ave
Park ForestIL60466
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$1,3002 Bedroom Apartments Available Now
392 W Hickory St, Unit 2E
392 W Hickory StChicago Heights, IL 60411
2029 215th Pl
Sauk VillageIL60411
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.
3135 Chicago Rd
StegerIL60475
394 W 15th St
Chicago HeightsIL60411
2510 Ash St
Chicago HeightsIL60411
3323 Halsted St
StegerIL60475
253 Mantua St
Park ForestIL60466
3360 W 184th St
HomewoodIL60430
417 W Hickory St
Chicago HeightsIL60411
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.
Showing Results 1-14, Page 1 of 1
Park Forest, IL Local Guide
Park Forest by David Wilson is licensed under CC BY 2.0
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 | $2,482 | $1,650 | $3,400 |
| Park Forest 3 Bedroom Homes for Rent | $2,131 | $1,700 | $3,000 |
| Park Forest 4 Bedroom Homes for Rent | $2,704 | $1,600 | $3,690 |
| Park Forest 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Park Forest
Explore Park Forest
Park Forest, IL Local Guide
- Park Forest Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,040. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. 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 A | Studio,1BA | $1,040 |
| Carriage Creek Apartments | Studio Garden | Studio,1BA | $1,125 |
| Maple Leaf Apartments | Mid-rise | 1BR,1BA | $1,320 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1,365 |
| Dynasty House Apartments | 2 Bedroom UNIV | 2BR,1BA | $1,425 |
Best Value Apartments for Rent in Park Forest, IL
As of April 29, 2026 the best value apartment in the Park Forest area is the $2.08 price per square foot 48 W 21st St Model at 48 W 21st St in the in the Indian Hill neighborhood starting from $2,500. The second greatest value Park Forest apartment is the 818 Sandra Dr Model at 818 Sandra Dr, Unit 818 Sandra Dr starting at $1,600 with a $1.45 price per square foot in the University Park 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. |
|---|---|---|---|
| 48 W 21st St | 48 W 21st St | 5BR,2BA | $2.08 |
| 818 Sandra Dr, Unit 818 Sandra Dr | 818 Sandra Dr | 2BR,1.5BA | $1.45 |
| Maple Leaf Apartments | Mid-rise | 2BR,1.5BA | $1.59 |
| Park Towers Apartments | 2 Bed 2 Bath A Remodel | 2BR,2BA | $1.97 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Dynasty House Apartments | 2 Bedroom UNIV | 2BR,1BA | $1.63 |
| 2315 E End Ave, Unit 2 | 2315 E End Ave | 1BR,1BA | $1.41 |
| 3040 Chicago Rd, Unit 15 | 3040 Chicago Rd | 1BR,1BA | $1.31 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1.93 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
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Best Local Schools in Park Forest, IL
Rich East Campus High School
Rich Twp Hsd 227 School District
Public School - Grades 9-12 (913)
4 out of 10
Blackhawk Intermediate Center
Park Forest School District 163
Public School - Grades K-5 (163)
6 out of 10
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 116 Apartments for Rent in Park Forest, IL with pricing that ranges from $900 to $2,540. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Forest ranging from $950 to $3,690.
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 $950 to $3,690 with an average monthly rent of $1,993.
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 $1,625 to $2,540, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,600 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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.