Cheap Apartments for Rent in the Lincoln Station Neighborhood of Park Forest, IL from $700 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lincoln Station area of Park Forest.

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466

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.

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21133 Kildare Ave
1 to 2 Bedroom Apartments

21133 Kildare Ave

21133 Kildare AveMatteson, IL 60443
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502 W Lincoln Hwy
Studio Apartments

502 W Lincoln Hwy

502 W Lincoln HwyChicago Heights, IL 60411

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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4316 Lindenwood Dr
1 to 2 Bedroom Apartments

4316 Lindenwood Dr

4316 Lindenwood DrMatteson, IL 60443
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484 Hickory St
3 Bedroom Apartments

484 Hickory St

484 Hickory StChicago Heights, IL 60411
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402 Hickory St
2 Bedroom Apartments

402 Hickory St

402 Hickory StChicago Heights, IL 60411
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4117 Lindenwood Dr
1 to 2 Bedroom Apartments

4117 Lindenwood Dr

4117 Lindenwood DrMatteson, IL 60443

Cash 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.

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378 West 116th
Studio to 2 Bedroom Apartments

378 West 116th

378 W 16th StChicago Heights, IL 60411
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Lindenwood Courts
1 to 2 Bedroom Apartments

Lindenwood Courts

4206 Lindenwood DrMatteson, IL 60443
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1430 Donovan Dr
1 to 2 Bedroom Apartments

1430 Donovan Dr

1430 Donovan DrChicago Heights, IL 60411
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450-480 W 16th St
Studio to 3 Bedroom Apartments

450-480 W 16th St

450-480 W 16th StChicago Heights, IL 60411
  • Utilities Included

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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Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

22300 Richton Square RdRichton Park, IL 60471
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Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
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Lincoln Station, Park Forest, IL Local Guide

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 ListingModel NameBed/BathPriced From
Carriage Creek Apartments1 bedroom2BR,1BA$1,025
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Central Park1 Bedroom 1 Bath1BR,1BA$1,239
Richton Trail2 Beds, 1 bath2BR,1BA$1,375
Arbors at Hickory CreekAspen1BR,1BA$1,595
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1,665
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$1,990

Best Value Apartments for Rent in Lincoln Station, IL

As of November 10, 2025 the best value apartment in the Lincoln Station area is the $1.04 price per square foot 1 Bedroom 1 Bath Model at Central Park in the in the Lincoln Station neighborhood starting from $1,239. The second greatest value Lincoln Station apartment is the Two Bedroom 2 Bath-910 sqft Model at Park Towers Apartment Homes starting at $1,665 with a $1.83 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Central Park1 Bedroom 1 Bath1BR,1BA$1.04
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.83
Carriage Creek Apartments2 bedroom2BR,1BA$1.42
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Arbors at Hickory CreekAspen1BR,1BA$2.01
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.74

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The 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.

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Quick 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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Pet Friendly Lifestyle
Lincoln Station, Park Forest, IL

Ranked #2

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $8,134.

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 10 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 $772 which is $7,362 cheaper than the average rent for all rentals in Lincoln Station.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.