Cheap Homes for Rent in Park Ridge, IL from $800 (19 Rentals)

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

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.

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

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.

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.

Park Ridge, IL Local Guide

Cheapest Available Park Ridge Apartments for Rent and Nearby

 

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 ClareS3Studio,1BA$1,250
7241-7245 W Lawrence1BD/1BA1BR,1BA$1,285
Courtyards On The Park1x1 Upgrade1BR,1BA$1,415
The Pavilion Apartments1M1BR,1BA$1,423

Best Value Apartments for Rent in Park Ridge, IL and Nearby

As of June 23, 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 8022 Oriole Ave Model at 8022 Oriole Ave, Unit 1 floor starting at $2,250 with a $1.88 price per square foot in the Edison 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
8022 Oriole Ave, Unit 1 floor8022 Oriole Ave3BR,1.5BA$1.88
6523 N Northwest Hwy, Unit Second Floor6523 N Northwest Hwy3BR,1BA$1.83
Oak Trails Apartments2 Bedroom, 2 Bath2BR,2BA$1.45
7562 N Waukegan Rd, Unit 2W7562 N Waukegan Rd2BR,1BA$1.50
10380 Michael Todd Terrace10380 Michael Todd Terrace2BR,1BA$1.55
8614 W Berwyn Ave2BD/1BA2BR,1BA$1.70
1401 Carol St, Unit 11401 Carol St2BR,1BA$2.00
7241-7245 W Lawrence1BD/1BA1BR,1BA$1.47
5939 N Northwest Hwy, Unit #1B5939 N Northwest Hwy1BR,1BA$1.80

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Park Ridge

What type of rentals are currently available in Park Ridge?

There are currently 864 Apartments for Rent in Park Ridge, IL with pricing that ranges from $900 to $16,094. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Ridge ranging from $800 to $4,800.

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 $800 to $4,800 with an average monthly rent of $2,883.

How much are larger Three and Four Bedroom Rentals in Park Ridge?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Ridge range from $1,800 to $14,701, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,200. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $2,900.

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.