7542 Adams St
Forest ParkIL60130
Cheap Homes for Rent in Downtown Oak Park Neighborhood of Oak Park, IL from $1,100 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Oak Park area of Oak Park.
405 Home Ave, Unit 302
405 Home Ave
Oak ParkIL60302
336 Lathrop Ave
Forest ParkIL60130
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
316 Marengo Ave, Unit 1
316 Marengo Ave
Forest ParkIL60130
414 S Maple Ave
Oak ParkIL60302
621 S Maple Ave
Oak ParkIL60304
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
437 N Lombard Ave, Unit 1
437 N Lombard Ave
Oak ParkIL60302
7745 Adams St
Forest ParkIL60130
221 N Oak Park Ave
Oak ParkIL60302
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
1001 N Harlem Ave, Unit 1001 1c
1001 N Harlem Ave
Oak ParkIL60302
816 North Blvd
Oak ParkIL60301
431 N Lombard Ave
Oak ParkIL60302
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
214 S Oak Park Ave, Unit 1
214 S Oak Park Ave
Oak ParkIL60302
Showing Results 1-13, Page 1 of 1
Downtown Oak Park, Oak Park, IL Local Guide
How much does it cost to rent a home in Downtown Oak Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Oak Park 2 Bedroom Homes for Rent | $2,185 | $1,595 | $3,195 |
| Downtown Oak Park 3 Bedroom Homes for Rent | $3,465 | $2,675 | $4,250 |
| Downtown Oak Park 4 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 1 mile radius of the Downtown Oak Park Neighborhood of Oak Park, IL.
Explore Oak Park
Downtown Oak Park, Oak Park, IL Local Guide
- Nearby Oak Park neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Oak Park Apartments for Rent
The cheapest available apartment rental in the Downtown Oak Park area of Chicago, IL is a Studio unit found at 1000 - 1010 North Blvd priced from $1,195. 1116 Washington - Oak Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Downtown Oak Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1000 - 1010 North Blvd | 1002 1/2 - 39 | Studio,1BA | $1,195 |
| 1116 Washington - Oak Park | 1116-216 | 1BR,1BA | $1,250 |
| Pleasant Oak | Studio - B | Studio,1BA | $1,250 |
| 218-228 Pleasant St. and 134-140 S. Harvey Ave | 218 Pleasant G | 2BR,1BA | $1,299 |
| 301-313 N. Oak Park Ave. | 307 N. Oak Park A & D | Studio,1BA | $1,349 |
Best Value Apartments for Rent in Downtown Oak Park, IL
As of May 15, 2025 the best value apartment in the Downtown Oak Park area is the $1.88 price per square foot 421 Elmwood - 3x2 Model at 421 S. Elmwood Ave. in the in the Downtown Oak Park neighborhood starting from $2,539. The second greatest value Downtown Oak Park apartment is the 2 Bedroom Model at 930 North starting at $2,800 with a $2.33 price per square foot in the Downtown Oak Park neighborhood. Here is today’s list of the best values for Downtown Oak Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 421 S. Elmwood Ave. | 421 Elmwood - 3x2 | 3BR,2BA | $1.88 |
| 930 North | 2 Bedroom | 2BR,2BA | $2.33 |
| 112 N Kenilworth Ave, Unit 1C | 112 N Kenilworth Ave | 2BR,2BA | $1.83 |
| 100-112 S. Harvey Ave. and 223-227 South Blvd | 227 South W | 2BR,1BA | $2.40 |
| 218-228 Pleasant St. and 134-140 S. Harvey Ave | 218 Pleasant G | 2BR,1BA | $1.51 |
| Circle Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.80 |
| 204 Marengo Ave. | 204 Marengo Ave A, C, D & F | 1BR,1BA | $1.98 |
| 511-521 S. Cuyler Ave. | 515 S. Cuyler S & 517 S. Cuyler N | 1BR,1BA | $2.04 |
| The Bryant at Oak Park | Studio | Studio ,1BA | $2.08 |
| 301-313 N. Oak Park Ave. | 307 N. Oak Park A & D | Studio ,1BA | $2.38 |
Quick 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.
Let everyone know!
Do you know the Downtown Oak Park area?
If you’re an expert on all things Downtown Oak Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Downtown Oak Park
What type of rentals are currently available in Downtown Oak Park?
There are currently 306 Apartments for Rent in Downtown Oak Park, IL with pricing that ranges from $1,195 to $10,569. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Oak Park ranging from $1,150 to $5,500.
What is the current price range for Rental Homes in Downtown Oak Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Oak Park ranges from $1,150 to $5,500 with an average monthly rent of $3,219.
How much are larger Three and Four Bedroom Rentals in Downtown Oak Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Oak Park range from $1,750 to $3,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,675 to $4,250. Four Bedroom Single-Family rentals are also available starting from $5,500 and Four Bedroom Apartments start at $2,895.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.