Cheap Apartments for Rent in the Lincoln Station Neighborhood of Park Forest, IL from $700 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincoln Station area of Park Forest.

Carriage Creek Apartments
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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.
Lincoln Station, Park Forest, IL Local Guide

How much does it cost to rent an apartment in Lincoln Station?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln Station 1 Bedroom Apartments | $1,413 | $1,175 | $1,750 |
| Lincoln Station 2 Bedroom Apartments | $1,584 | $1,025 | $1,990 |
| Lincoln Station 3 Bedroom Apartments | $2,031 | $1,640 | $2,305 |
| Lincoln Station 4 Bedroom Apartments | $13,417 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Lincoln Station Neighborhood of Park Forest, IL.
See all Apartments in Park ForestExplore Park Forest
Lincoln Station, Park Forest, IL Local Guide
- Nearby Park Forest neighborhoods
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Cheapest Available Lincoln Station Apartments for Rent
 The cheapest available apartment rental in the Lincoln Station area of Chicago, IL is a 2 Beds unit found at Carriage Creek Apartments priced from $1,025. Olympic Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here are the most affordable Lincoln Station apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1,025 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,264 |
Best Value Apartments for Rent in Lincoln Station, IL
As of December 25, 2025 the best value apartment in the Lincoln Station area is the $1.19 price per square foot 2 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,579. The second greatest value Lincoln Station apartment is the 2 Bed 2 Bath Renovated Model at Westbridge Apartments starting at $1,530 with a $1.57 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Lincoln Station apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Central Park | 2 Bedroom 1 Bath Townhouse | 2BR,1BA | $1.19 |
| Westbridge Apartments | 2 Bed 2 Bath Renovated | 2BR,2BA | $1.57 |
| Matteson Blu | 3 Bedrooms, 1.5 Bathrooms | 3BR,1.5BA | $2.43 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.82 |
| Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1.42 |
| Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.84 |
| 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 | $1.93 |
| Cedar Ridge Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.06 |
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 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 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.
Pet Friendly LifestyleLincoln Station, Park Forest, IL
Ranked #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Lincoln Station, Park Forest, IL
Rich East Campus High School
Michelle Obama School of Technology
School data provided by Great Schools
Frequently Asked Questions about Cheap Lincoln Station Apartments
What is the price of a cheap apartment in Lincoln Station?
The cheapest apartment in Lincoln Station is Olympic Village Apartments which is listed at $1,201, while the average apartment in Lincoln Station costs $13,417.
What types of apartments are the cheapest in Lincoln Station?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Lincoln Station that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lincoln Station?
Cheap apartments in Lincoln Station have an average cost of $480 which is $12,937 cheaper than the average rent for all rentals in Lincoln Station.
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

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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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Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
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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.

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!



