Cheap Homes for Rent in Park Ridge, IL from $1,500 (53 Rentals)

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

property at 4600 N Cumberland Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

4600 N Cumberland Ave, Unit 513, Unit 513

4600 N Cumberland Ave
ChicagoIL60656

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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property at 4935 N Harlem Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

2 Bedroom, 1 Bath Condo for Rent

Available Now

4935 N Harlem Ave, Unit 2, Unit 2

4935 N Harlem Ave
Harwood HeightsIL60656

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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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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property at 8970 N Parkside Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 2 Bath Condo for Rent

Available Now

8970 N Parkside Ave, Unit 218, Unit 218

8970 N Parkside Ave
Des PlainesIL60016
property at 3523 Central Rd

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

3523 Central Rd

GlenviewIL60025

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 8974 N Western Ave

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

2 Bedroom, 2 Bath Condo for Rent

Available Jun 1

8974 N Western Ave

Des PlainesIL60016

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!

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Showing Results 1-50, Page 1 of 2

Park Ridge, IL Local Guide

Cheapest Available Park Ridge Apartments for Rent

 

The cheapest available apartment rental in Park Ridge, IL is a 1 Bed unit found at Glen Oaks Commons in the Near North Suburban Cook neighborhood priced from $1,310. Courtyards On The Park in the Near North Suburban Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,575. Here is today’s list of the most affordable Park Ridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Glen Oaks CommonsEnglish Oak1BR,1BA$1,310
Courtyards On The Park1x1 Upgrade1BR,1BA$1,575
Park Ridge CommonsSEVEN601BR,1BA$1,649
Legacy CrossingsAlcoveStudio,1BA$1,650
The MonarchS2Studio,1BA$1,661
8614 W Berwyn Ave2BD/1BA2BR,1BA$1,795

Best Value Apartments for Rent in Park Ridge, IL

As of May 08, 2026 the best value apartment in the Park Ridge area is the $1.92 price per square foot Wright w/ Den Model at River 595 in the in the Metropolitan Square neighborhood starting from $2,838. The second greatest value Park Ridge apartment is the 8357 W Summerdale Ave Model at 8357 W Summerdale Ave, Unit #1 starting at $2,200 with a $1.57 price per square foot in the O'Hare 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.
River 595Wright w/ Den2BR,2BA$1.92
8357 W Summerdale Ave, Unit #18357 W Summerdale Ave3BR,1.5BA$1.57
8022 Oriole Ave, Unit 1 floor8022 Oriole Ave3BR,1.5BA$1.90
10380 Michael Todd Terrace10380 Michael Todd Terrace2BR,1BA$1.55
8614 W Berwyn Ave2BD/1BA2BR,1BA$1.80
1401 Carol St, Unit 11401 Carol St2BR,1BA$1.90
1302 Carol St, Unit TWO BEDS1302 Carol St2BR,1BA$2.00
8257 W Lawrence Ave, Unit #38257 W Lawrence Ave1BR,1BA$2.15
Glen Oaks CommonsEnglish Oak1BR,1BA$2.08
8450 Waukegan Rd, Unit 18450 Waukegan Rd1BR,1BA$2.14

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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Park Ridge, IL

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Frequently Asked Questions about Park Ridge

What type of rentals are currently available in Park Ridge?

There are currently 851 Apartments for Rent in Park Ridge, IL with pricing that ranges from $1,180 to $16,630. There are also 108 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Ridge ranging from $1,500 to $8,750.

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 $1,500 to $8,750 with an average monthly rent of $3,901.

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 $2,100 to $14,704, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,100. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $10,000.

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.

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

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.