Cheap Apartments for Rent in the Lincoln Station Neighborhood of Park Forest, IL from $700 (32 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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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21133 Kildare Ave
1 to 2 Bedroom Apartments

21133 Kildare Ave

21133 Kildare AveMatteson, IL 60443
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474 W 14th Pl
Studio Apartments

474 W 14th Pl

474 W 14th PlChicago Heights, IL 60411
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502 W Lincoln Hwy
Studio Apartments

502 W Lincoln Hwy

502 W Lincoln HwyChicago Heights, IL 60411
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4316 Lindenwood Dr
1 to 2 Bedroom Apartments

4316 Lindenwood Dr

4316 Lindenwood DrMatteson, IL 60443

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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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
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378 West 116th
Studio to 2 Bedroom Apartments

378 West 116th

378 W 16th StChicago Heights, IL 60411

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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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
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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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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

Cheapest Available Lincoln Station Apartments for Rent

 

The cheapest available apartment rental in the Lincoln Station area of Chicago, IL is a Studio unit found at Carriage Creek Apartments priced from $1,135. Park Towers Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here are the most affordable Lincoln Station apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Carriage Creek ApartmentsStudio Mid-RiseStudio,1BA$1,135
Park Towers Apartments1 Bed 1 Bath A1BR,1BA$1,375
Oakwood Townhomes1 Bedroom 1 Bath Townhomes Updated1BR,1BA$1,425
Olympic Village ApartmentsThe Maple2BR,1BA$1,440
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1,529
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$1,930

Best Value Apartments for Rent in Lincoln Station, IL

As of July 11, 2026 the best value apartment in the Lincoln Station area is the $1.73 price per square foot Willow Model at Arbors at Hickory Creek in the in the Lincoln Station neighborhood starting from $2,149. The second greatest value Lincoln Station apartment is the 2 Bed 2 Bath A Remodel Model at Park Towers Apartments starting at $1,670 with a $1.84 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.
Arbors at Hickory CreekWillow3BR,2BA$1.73
Park Towers Apartments2 Bed 2 Bath A Remodel2BR,2BA$1.84
Olympic Village ApartmentsThe Maple2BR,1BA$1.60
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.66
Oakwood Townhomes1 Bedroom 1 Bath Townhome Renovated1BR,1BA$2.09
Carriage Creek ApartmentsStudio Mid-RiseStudio ,1BA$2.15

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #1

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 Carriage Creek Apartments which is listed at $1,195, while the average apartment in Lincoln Station costs $14,704.

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 12 regular apartments in Lincoln Station that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.