Cheap Homes for Rent in Park Forest, IL from $900 (10 Rentals)

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property at 3040 Chicago Rd

3040 Chicago Rd

South Chicago HeightsIL60411

Park Forest, IL Local Guide

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 ListingModel NameBed/BathPriced From
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Park Towers Apartment HomesOne Bedroom1BR,1BA$1,290
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Linden Park Apartments3 Bed 1.5 Bath Remodel B3BR,1.5BA$1.69
Matteson Blu3 Bedrooms, 1.5 Bathrooms3BR,1.5BA$2.67
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.74
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Arbors at Hickory CreekAspen1BR,1BA$2.03
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
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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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.

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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.