
Cheap Homes for Rent in Park Ridge, IL from $800 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Park Ridge.


8409 W Roseview Dr

4236 N Ozark Ave

9595 Maple Dr, Unit 2N

1509 Brown St

8805 N Dee Rd
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.

8052 N Oriole Ave

8504 Waukegan Rd, Unit 10

8506 Waukegan Rd, Unit 21

9098 W Terrace Dr, Unit 4L

5310 N Chester Ave

9074 W Terrace Dr
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.

9656 Golf Terrace

8905 Knight Ave, Unit 8905 Knight Ave #205, Des Plaines

8905 Knight Ave

7562 N Waukegan Rd, Unit 2W

6490 N Northwest Hwy

1425 Ashland Ave, Unit AM
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.

8994 Kennedy Dr
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 | $2,149 | $1,650 | $3,200 |
| Park Ridge 3 Bedroom Homes for Rent | $3,103 | $2,200 | $4,200 |
| Park Ridge 4 Bedroom Homes for Rent | $4,800 | $4,800 | $4,800 |
Browse Top Homes for Rent in Park Ridge
Explore Park Ridge
Park Ridge, IL Local Guide
- Park Ridge Neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 7251-7259 Lawrence | studio | Studio,1BA | $850 |
| Mont Clare | S3 | Studio,1BA | $1,250 |
| 7241-7245 W Lawrence | 1BD/1BA | 1BR,1BA | $1,285 |
| Courtyards On The Park | 1x1 Upgrade | 1BR,1BA | $1,415 |
| The Pavilion Apartments | 1M | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 907 N Northwest Hwy, Unit 2 | 907 N Northwest Hwy | 3BR,1BA | $1.73 |
| 8022 Oriole Ave, Unit 1 floor | 8022 Oriole Ave | 3BR,1.5BA | $1.88 |
| 6523 N Northwest Hwy, Unit Second Floor | 6523 N Northwest Hwy | 3BR,1BA | $1.83 |
| Oak Trails Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.45 |
| 7562 N Waukegan Rd, Unit 2W | 7562 N Waukegan Rd | 2BR,1BA | $1.50 |
| 10380 Michael Todd Terrace | 10380 Michael Todd Terrace | 2BR,1BA | $1.55 |
| 8614 W Berwyn Ave | 2BD/1BA | 2BR,1BA | $1.70 |
| 1401 Carol St, Unit 1 | 1401 Carol St | 2BR,1BA | $2.00 |
| 7241-7245 W Lawrence | 1BD/1BA | 1BR,1BA | $1.47 |
| 5939 N Northwest Hwy, Unit #1B | 5939 N Northwest Hwy | 1BR,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.
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 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 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

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.

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.

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.

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

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.

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.

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.

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.