Cheap Apartments for Rent in Olympia Fields, IL from $700 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Olympia Fields.

close
View Me
Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

421-505 Dixie HwyChicago Heights, IL 60411
  • Utilities Included
close
View Me
4035 Lindenwood Dr
1 to 2 Bedroom Apartments

4035 Lindenwood Dr

4035 Lindenwood DrMatteson, IL 60443
  • Utilities Included
close
View Me
Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

22300 Richton Square RdRichton Park, IL 60471
  • Utilities Included
close
View Me
Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
  • Utilities Included

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

Olympia Fields, IL Local Guide

Cheapest Available Olympia Fields Apartments for Rent and Nearby

 

The cheapest available apartment rental in Olympia Fields, IL is a 1 Bed unit found at Central Park Apartments & Townhomes in the Indian Hill neighborhood priced from $1,179. Olympic Village Apartments in the Indian Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here is today’s list of the most affordable Olympia Fields apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Central Park Apartments & Townhomes1 Bed 1 Bath A1BR,1BA$1,179
Olympic Village ApartmentsThe Spruce1BR,1BA$1,201
Oakwood Townhomes1 Bedroom1BR,1BA$1,380

Best Value Apartments for Rent in Olympia Fields, IL and Nearby

As of March 25, 2025 the best value apartment in the Olympia Fields area is the $1.97 price per square foot Goddard - 3 Bed 2.5 Bath Model at Manors at Brookmere in the in the Southwick Courtyards neighborhood starting from $2,875. The second greatest value Olympia Fields apartment is the Two Bedroom 2 Bath-910 sqft Model at Park Towers Apartment Homes starting at $1,685 with a $1.85 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Olympia Fields apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Manors at BrookmereGoddard - 3 Bed 2.5 Bath3BR,2.5BA$1.97
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.85
Matteson Blu2 Bedrooms, 1 Bathroom2BR,1BA$2.74
Oakwood Townhomes1 Bedroom1BR,1BA$1.91
Central Park Apartments & Townhomes1 Bed 1 Bath A W/D1BR,1BA$1.74
Olympic Village ApartmentsThe Pine1BR,1BA$1.74

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.

decorative image of people with a giant lease agreement

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

Explore Olympia Fields, IL Rentals by Map

View MapOlympia Fields, IL Apartments MapView MapOlympia Fields, IL Rental Homes Map

Getting Around Olympia Fields, IL

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Olympia Fields Apartments

How much is rent for a Cheap One Bedroom Olympia Fields Apartment?

The lowest price for a Cheap One Bedroom Olympia Fields Apartment is $1,179 at Central Park Apartments & Townhomes.

What is the lowest price for a Cheap Two Bedroom Olympia Fields Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Olympia Fields is starting from $1,345 at Olympic Village Apartments.

What is the most affordable Olympia Fields Three Bedroom Apartment?

The best deal on a cheap Olympia Fields Three Bedroom Apartment rental is at Olympic Village Apartments and starts from $1,545.

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 A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.