Cheap Homes for Rent in Oakwood, IL from $600 (21 Rentals)

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Oakwood, IL Local Guide

Cheapest Available Oakwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oakwood, IL is a Studio unit found at Brookhaven priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Oakwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
106 N gregory1 bed1BR,1BA$735
Prairie Green Apartment Homes1 Bed 1 Bath1BR,1BA$775

Best Value Apartments for Rent in Oakwood, IL and Nearby

As of April 13, 2025 the best value apartment in the Oakwood area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Oakwood apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Oakwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
202 E Crockett2 Bedroom2BR,1BA$1.05
Aspen CourtThe Sugar Maple2BR,1.5BA$1.10
Parkside- Pets AllowedUpgraded Two Bedroom One Bath2BR,1BA$1.21
The Grove1 Bed 1 Bath1BR,1BA$0.97
106 N gregory1 bed1BR,1BA$1.05
Prairie Green Apartment Homes1 Bed 1 Bath1BR,1BA$1.20
808 N Lincoln Ave1 bed1BR,1BA$1.33

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Frequently Asked Questions about Oakwood

What type of rentals are currently available in Oakwood?

There are currently 42 Apartments for Rent in Oakwood, IL with pricing that ranges from $525 to $1,795. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $650 to $3,950.

What is the current price range for Rental Homes in Oakwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakwood ranges from $650 to $3,950 with an average monthly rent of $1,425.

How much are larger Three and Four Bedroom Rentals in Oakwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakwood range from $780 to $1,730, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $2,900. Four Bedroom Single-Family rentals are also available starting from $825 and Four Bedroom Apartments start at $999.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.