
Cheap Homes for Rent in Washington Park, IL from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Washington Park.


5443 Rosemont Ave

2489 Renois Ln
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.

2722 Myrtle Ave

1908 Rhodes St

109 Jerome Ln
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

How much does it cost to rent a home in Washington Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Washington Park 2 Bedroom Homes for Rent | $1,146 | $725 | $1,850 |
| Washington Park 3 Bedroom Homes for Rent | $1,322 | $559 | $1,895 |
| Washington Park 4 Bedroom Homes for Rent | $1,850 | $1,300 | $2,400 |
| Washington Park 5 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Browse Top Homes for Rent in Washington Park
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Washington Park, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Collins Terrace Apartments | 1 Bedroom Large | 1BR,1BA | $668 |
| Downtowner Apartments | Studio | Studio,1BA | $775 |
| Parsons Place Apartments | 1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roberts Galerie Lofts | 2 Bedroom 2 Bath | 2BR,2BA | $0.80 |
| Pointe 400 Apartments | One Bedroom | 1BR,1BA | $0.99 |
| Bogen | Urban Chic Lofts | M2 | 2BR,2BA | $1.41 |
| Fashion Square I | B2 | 2BR,1BA | $1.11 |
| Syndicate Building | Stabdard 1BR | 1BR,1BA | $1.11 |
| Storyboard on Pine | Pine B3 | 2BR,2BA | $1.23 |
| Parsons Place Apartments | 2 Bedroom Townhome Tax Credit*** | 2BR,1.5BA | $1.30 |
| The Paul Brown Loft Apartments | 2 Bedroom 1 Bathroom | 2BR,2BA | $1.42 |
| Bee Hat Lofts | A3 - 1 Bed 1 Bath | 1BR,1BA | $1.20 |
| Collins Terrace Apartments | 1 Bedroom Small | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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

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.

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.

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.

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.