Cheap Apartments for Rent in the Lincoln Station Neighborhood of Park Forest, IL from $700 (6 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

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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4035 Lindenwood Dr
1 to 2 Bedroom Apartments

4035 Lindenwood Dr

4035 Lindenwood DrMatteson, IL 60443
  • Utilities Included
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Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

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

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
  • Utilities Included

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.

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 1 Bed unit found at Olympic Village Apartments priced from $1,201. Richton Trail has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,375. Here are the most affordable Lincoln Station apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Richton Trail2 Beds, 1 bath2BR,1BA$1,375
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1,595

Best Value Apartments for Rent in Lincoln Station, IL

As of September 25, 2025 the best value apartment in the Lincoln Station area is the $1.43 price per square foot 3 Bedroom 1 Bath Townhouse Model at Oakwood Townhomes in the in the Lincoln Station neighborhood starting from $1,925. The second greatest value Lincoln Station apartment is the Two Bedroom 2 Bath-910 sqft Model at Park Towers Apartment Homes starting at $1,595 with a $1.75 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.
Oakwood Townhomes3 Bedroom 1 Bath Townhouse3BR,1BA$1.43
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.75
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Arbors at Hickory CreekAspen1BR,1BA$2.03
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.74

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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 $6,623.

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 7 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 $699 which is $5,924 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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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.

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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.