Cheap Homes for Rent in Park Forest, IL from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Park Forest.

3040 Chicago Rd

3616 Western Ave

5 Thomas Ct

23622 S Ashland Ave

21 Indianwood Blvd

253 Mantua St

1216 Park Ave
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 | $1,904 | $1,425 | $2,555 |
Park Forest 3 Bedroom Homes for Rent | $2,168 | $1,800 | $3,425 |
Park Forest 4 Bedroom Homes for Rent | $2,795 | $2,000 | $3,999 |
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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 1 Bed unit found at Olympic Village Apartments in the Indian Hill neighborhood priced from $1,201. Park Towers Apartment Homes in the Lincoln Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,290. Here is today’s list of the most affordable Park Forest apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
Park Towers Apartment Homes | One Bedroom | 1BR,1BA | $1,290 |
Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1,365 |
Best Value Apartments for Rent in Park Forest, IL
As of September 08, 2025 the best value apartment in the Park Forest area is the $1.69 price per square foot 3 Bed 1.5 Bath Remodel B Model at Linden Park Apartments in the in the Downtown Park Forest neighborhood starting from $1,790. The second greatest value Park Forest apartment is the 3 Bedrooms, 1.5 Bathrooms Model at Matteson Blu starting at $2,540 with a $2.67 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. |
---|---|---|---|
Linden Park Apartments | 3 Bed 1.5 Bath Remodel B | 3BR,1.5BA | $1.69 |
Matteson Blu | 3 Bedrooms, 1.5 Bathrooms | 3BR,1.5BA | $2.67 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.74 |
Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.71 |
Arbors at Hickory Creek | Aspen | 1BR,1BA | $2.03 |
Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1.89 |
77 W 23rd St, Unit 1B | 77 W 23rd St | Studio ,1BA | $1.25 |
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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!
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Frequently Asked Questions about Park Forest
What type of rentals are currently available in Park Forest?
There are currently 114 Apartments for Rent in Park Forest, IL with pricing that ranges from $750 to $6,370. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Forest ranging from $950 to $5,400.
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 $5,400 with an average monthly rent of $2,208.
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 $1,000 to $2,540, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,425. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $6,211.
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.

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.

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.

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.

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.