Cheap Apartments for Rent in the Oakland Neighborhood of Chicago, IL from $600 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oakland area of Chicago.

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Hyde Park / Kenwood
Studio Apartments

Hyde Park / Kenwood

4400-4404 S Drexel BlvdChicago, IL 60653
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Lake Park Manor
2 to 4 Bedroom Apartments

Lake Park Manor

3601-3645 S Lake Park AveChicago, IL 60653
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Paul G Stewart Center
Studio to 2 Bedroom Apartments

Paul G Stewart Center

400 E 41st StChicago, IL 60653
Senior Living
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

427-439 E Oakwood BlvdChicago, IL 60653
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Maple Court
1 Bedroom Apartments

Maple Court

1120-1126 E 47th StChicago, IL 60653

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

Oakland, Chicago, IL Local Guide

Cheapest Available Oakland Apartments for Rent

 

The cheapest available apartment rental in the Oakland area of Chicago, IL is a Studio unit found at 5445 Ingleside By 3L Living priced from $669. Lake Meadows Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Oakland apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$669
Lake Meadows Apartmentslakem1-0b1aStudio,1BA$1,025
Lake Grove Village1B1BR,1BA$1,100
Prairie ShoresClassic StudioStudio,1BA$1,104
Mccormick ColivingPrivate Bedroom in Shared 4 Bed 3 Bath (D)4BR,3BA$1,108

Best Value Apartments for Rent in Oakland, IL

As of April 27, 2025 the best value apartment in the Oakland area is the $1.92 price per square foot 4552 S Evans Ave Model at 4552 S Evans Ave, Unit 1 in the in the Armour Square neighborhood starting from $2,500. The second greatest value Oakland apartment is the 4421 S Prairie Ave Model at 4421 S Prairie Ave, Unit G starting at $1,350 with a $1.35 price per square foot in the Armour Square neighborhood. Here is today’s list of the best values for Oakland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4552 S Evans Ave, Unit 14552 S Evans Ave3BR,2BA$1.92
4421 S Prairie Ave, Unit G4421 S Prairie Ave2BR,1BA$1.35
The ShelbyA21BR,1BA$2.86
Lake Grove Village1A1BR,1BA$1.78
Regents Park0bs03Studio ,1BA$3.25
Maple Courtmplc1bCr1BR,1BA$2.81
4455 S. Greenwood Avenue4455-0bAStudio ,1BA$2.54
Lake Meadows Apartmentslakem6-0b1b_bStudio ,1BA$2.70
Prairie ShoresRenovated StudioStudio ,1BA$3.22
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio ,1BA$2.68

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Pet Friendly Lifestyle
Oakland, Chicago, IL

Ranked #76

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Oakland Apartments

What is a cheap apartment in Oakland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oakland is under $1,400.

What is the price of a cheap apartment in Oakland?

The cheapest apartment in Oakland is Lake Grove Village which is listed at $1,100, while the average apartment in Oakland costs $2,695.

What types of apartments are the cheapest in Oakland?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Oakland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Oakland?

Cheap apartments in Oakland have an average cost of $154 which is $2,541 cheaper than the average rent for all rentals in Oakland.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.