Cheap Apartments for Rent in Park Ridge, IL from $700 (88 Rentals)

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Search the lowest-cost Apartments available for rent right now in Park Ridge.

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2 S. Greenwood
1 to 3 Bedroom Apartments

2 S. Greenwood

2 S Greenwood AvePark Ridge, IL 60068
  • Utilities Included
property at 4236 N Ozark Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 0.5 Bath Home for Rent

Available Now

4236 N Ozark Ave

NorridgeIL60706

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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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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property at 8504 Waukegan Rd

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

1 Bedroom, 1 Bath Condo for Rent

Available Now

8504 Waukegan Rd, Unit 10

8504 Waukegan Rd
Morton GroveIL60053

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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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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property at 8970 N Parkside Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 2 Bath Condo for Rent

Available Now

8970 N Parkside Ave, Unit 218

8970 N Parkside Ave
Des PlainesIL60016
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7719 W Catalpa Ave, Unit 2
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
3 Bedroom Apartment Available Jul 1

7719 W Catalpa Ave, Unit 2

7719 W Catalpa AveChicago, IL 60656
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5935 N Northwest Hwy
Studio to 2 Bedroom Apartments

5935 N Northwest Hwy

5935 N Northwest HwyChicago, IL 60631
  • Utilities Included
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6173-6179 N Northwest Hwy
Studio Apartments

6173-6179 N Northwest Hwy

6173-6179 N Northwest HwyChicago, IL 60631
  • Utilities Included
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Park Ridge, IL Local Guide

Cheapest Available Park Ridge Apartments for Rent

 

The cheapest available apartment rental in Park Ridge, IL is a Studio unit found at 7251-7259 Lawrence in the Dunning neighborhood priced from $850. Mont Clare in the Norwood Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable Park Ridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
7251-7259 LawrencestudioStudio,1BA$850
Mont ClareS3RRStudio,1BA$1,250
7241-7245 W Lawrence1BD/1BA1BR,1BA$1,285
The Pavilion ApartmentsSAStudio,1BA$1,292
Courtyards On The Park1x1 Upgrade1BR,1BA$1,415
Ronald & Gunnison1BD/1BA1BR,1BA$1,500

Best Value Apartments for Rent in Park Ridge, IL

As of June 27, 2026 the best value apartment in the Park Ridge area is the $1.73 price per square foot 907 N Northwest Hwy Model at 907 N Northwest Hwy, Unit 2 in the in the Near North Suburban Cook neighborhood starting from $2,600. The second greatest value Park Ridge apartment is the 6523 N Northwest Hwy Model at 6523 N Northwest Hwy, Unit Second Floor starting at $2,100 with a $1.83 price per square foot in the Norwood Park neighborhood. Here is today’s list of the best values for Park Ridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
907 N Northwest Hwy, Unit 2907 N Northwest Hwy3BR,1BA$1.73
6523 N Northwest Hwy, Unit Second Floor6523 N Northwest Hwy3BR,1BA$1.83
10380 Michael Todd Terrace10380 Michael Todd Terrace2BR,1BA$1.55
Oak Trails Apartments2 Bedroom, 2 Bath2BR,2BA$1.45
7562 N Waukegan Rd, Unit 2W7562 N Waukegan Rd2BR,1BA$1.50
1302 Carol St, Unit TWO BEDS1302 Carol St2BR,1BA$2.00
8614 W Berwyn Ave2BD/1BA2BR,1BA$1.70
1401 Carol St, Unit 11401 Carol St2BR,1BA$2.00
7632 N Milwaukee Ave, Unit TWO BEDROOMS7632 N Milwaukee Ave2BR,1BA$2.05
7241-7245 W Lawrence1BD/1BA1BR,1BA$1.47

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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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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Frequently Asked Questions about Cheap Park Ridge Apartments

What is the Cheapest Studio apartment in Park Ridge?

Currently the most affordable Cheap Studio Apartment in Park Ridge is at 7251-7259 Lawrence listed at $850.

How much is rent for a Cheap One Bedroom Park Ridge Apartment?

The lowest price for a Cheap One Bedroom Park Ridge Apartment is $1,150 at 7251-7259 Lawrence.

What is the lowest price for a Cheap Two Bedroom Park Ridge Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Park Ridge is starting from $1,600 at Oak Trails Apartments.

What is the most affordable Park Ridge Three Bedroom Apartment?

The best deal on a cheap Park Ridge Three Bedroom Apartment rental is at 8524-8532 W Gregory St and starts from $2,625.

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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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

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

Written by: Nicole Harms

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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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

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

Articles, How-To's, and Tips

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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.

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

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

Written by: Robin Stewart

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.