Cheap Homes for Rent in Park Forest, IL from $900 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in Park Forest.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Park Forest, IL Local Guide

Cheapest Available Park Forest Apartments for Rent

 

The cheapest available apartment rental in Park Forest, IL is a 2 Beds unit found at Carriage Creek Apartments in the Lincoln Station neighborhood priced from $1,025. Olympic Village Apartments in the Indian Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Park Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carriage Creek Apartments2 bedroom2BR,1BA$1,025
Olympic Village ApartmentsThe Spruce1BR,1BA$1,050
Central Park Apartments & Townhomes1 Bed 1 Bath B1BR,1BA$1,199
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1,580
Matteson Blu1 Bedroom, 1 Bathroom1BR,1BA$1,750

Best Value Apartments for Rent in Park Forest, IL

As of June 16, 2025 the best value apartment in the Park Forest area is the $1.41 price per square foot 3 Bedroom Model at Oakwood Townhomes in the in the Indian Hill neighborhood starting from $1,900. The second greatest value Park Forest apartment is the 3536 Front St Model at 3536 Front St, Unit 1West starting at $1,395 with a $1.40 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.
Oakwood Townhomes3 Bedroom3BR,1BA$1.41
3536 Front St, Unit 1West3536 Front St1BR,1BA$1.40
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.74
Central Park Apartments & Townhomes1 Bed 1 Bath B1BR,1BA$1.66
Olympic Village ApartmentsThe Pine1BR,1BA$1.52
Matteson Blu1 Bedroom, 1 Bathroom1BR,1BA$2.92
51 W 21st St, Unit 251 W 21st St3BR,1BA$17.00

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Frequently Asked Questions about Park Forest

What type of rentals are currently available in Park Forest?

There are currently 113 Apartments for Rent in Park Forest, IL with pricing that ranges from $695 to $3,380. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Forest ranging from $950 to $3,000.

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 $3,000 with an average monthly rent of $1,999.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.