
Cheap Homes for Rent in Park Ridge, IL from $400 (28 Rentals)
Search the lowest-cost Homes available for rent right now in Park Ridge.


4236 N Ozark Ave

5310 N Chester Ave

5101 N East River Rd, Unit 1J

6407 N Oak Park Ave

8758 W Berwyn Ave, Unit 1NW

5940 N Odell Ave, Unit A1
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

5940 N Odell Ave

4602 N River Rd

5306 N Cumberland Ave

5348 N Cumberland Ave

5358 N Cumberland Ave

10353 Dearlove Rd

8635 W Foster Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

8504 Waukegan Rd, Unit 3

8504 Waukegan Rd, Unit 10

8500 Waukegan Rd, Unit 21

1469 Ashland Ave, Unit S

9654 Golf Terrace

5039 N East River Rd

9619 Bianco Terrace
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

9074 W Terrace Dr

5117 N East River Rd, Unit 3H

8550 W Lawrence Ave

2032 Linden Ave, Unit A

1327 E Prairie Ave, Unit NA

1995 Howard Ave

7101 W Foster Pl
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.
Park Ridge, IL Local Guide

How much does it cost to rent a home in Park Ridge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Ridge 2 Bedroom Homes for Rent | $2,226 | $1,400 | $3,400 |
| Park Ridge 3 Bedroom Homes for Rent | $3,209 | $1,800 | $5,500 |
| Park Ridge 4 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
| Park Ridge 6 Bedroom Homes for Rent | $11,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Park Ridge
Explore Park Ridge
Park Ridge, IL Local Guide
- Park Ridge Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Homes for Rent in Park Ridge, IL
As of September 22, 2026 the best value rental home in the Park Ridge area is the $1.68 price per square foot 172 N East River Rd Model at 172 N East River Rd in the Metropolitan Square neighborhood starting from $3,300. The second greatest value Park Ridge rental home is the 7528 Emerson St Model at 7528 Emerson St in the Near North Suburban Cook neighborhood starting at $3,450 with a $2.30 price per square foot. Here is today’s list of the best values for Park Ridge homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 172 N East River Rd | 172 N East River Rd | 3BR, 2.5BA | $1.68 |
| 7528 Emerson St | 7528 Emerson St | 3BR, 2BA | $2.30 |
| 8029 W Lyons St | 8029 W Lyons St | 3BR, 1.5BA | $2.19 |
| 8608 W Carmen Ave, Unit 2 | 8608 W Carmen Ave | 3BR, 2BA | $2.00 |
| 5975 N Odell Ave, Unit 5C | 5975 N Odell Ave | 2BR, 2BA | $2.13 |
| 9035 Delphia Ave | 9035 Delphia Ave | 1BR, 1BA | $0.40 |
| 1019 Peterson Ave, Unit B6 | 1019 Peterson Ave | 2BR, 1BA | $1.80 |
| 10479 Dearlove Rd, Unit 2A | 10479 Dearlove Rd | 2BR, 1BA | $1.99 |
| 5101 N East River Rd, Unit 1J | 5101 N East River Rd | 1BR, 1BA | $1.97 |
| 8758 W Berwyn Ave, Unit 1NW | 8758 W Berwyn Ave | 1BR, 1BA | $2.23 |
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 ArticleBest 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
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleA 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
Read ArticleReal 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.
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.
Best Local Schools in Park Ridge, IL
Maine South High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Park Ridge, IL Rentals by Map
See the most popular apartments and homes in Park Ridge, IL
Frequently Asked Questions about Park Ridge
What type of rentals are currently available in Park Ridge?
There are currently 848 Apartments for Rent in Park Ridge, IL with pricing that ranges from $1,180 to $4,897. There are also 114 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Ridge ranging from $400 to $11,000.
What is the current price range for Rental Homes in Park Ridge?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Ridge ranges from $400 to $11,000 with an average monthly rent of $2,451.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.