Cheap Homes for Rent in Washington Park, IL from $500 (6 Rentals)

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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.

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.

Washington Park, IL Local Guide

Cheapest Available Washington Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Washington Park, IL is a 1 Bed unit found at Collins Terrace Apartments in the Lafayette Square neighborhood priced from $668. Downtowner Apartments in the Lafayette Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Washington Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Collins Terrace Apartments1 Bedroom Large1BR,1BA$668
Downtowner ApartmentsStudioStudio,1BA$775
Parsons Place Apartments1 Bedroom Tax Credit***1BR,1BA$851

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

As of January 22, 2026 the best value apartment in the Washington Park area is the $0.80 price per square foot 2 Bedroom 2 Bath Model at Roberts Galerie Lofts in the in the Lafayette Square neighborhood starting from $1,500. The second greatest value Washington Park apartment is the One Bedroom Model at Pointe 400 Apartments starting at $1,222 with a $0.99 price per square foot in the Lafayette Square neighborhood. Here is today’s list of the best values for Washington Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
Pointe 400 ApartmentsOne Bedroom1BR,1BA$0.99
Bogen | Urban Chic LoftsM22BR,2BA$1.41
Fashion Square IB22BR,1BA$1.11
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
Storyboard on PinePine B32BR,2BA$1.23
Parsons Place Apartments2 Bedroom Townhome Tax Credit***2BR,1.5BA$1.30
The Paul Brown Loft Apartments2 Bedroom 1 Bathroom2BR,2BA$1.42
Bee Hat LoftsA3 - 1 Bed 1 Bath1BR,1BA$1.20
Collins Terrace Apartments1 Bedroom Small1BR,1BA$1.37

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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Frequently Asked Questions about Washington Park

What type of rentals are currently available in Washington Park?

There are currently 56 Apartments for Rent in Washington Park, IL with pricing that ranges from $668 to $7,935. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Washington Park ranging from $559 to $3,100.

What is the current price range for Rental Homes in Washington Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Washington Park ranges from $559 to $3,100 with an average monthly rent of $1,567.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Washington Park range from $905 to $5,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $559 to $1,895. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,635.

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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.