
Cheap Homes for Rent in Olympia Fields, IL from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Olympia Fields.


428 Hickory St

3228 Commercial Ave

75 W 15th St

5 Thomas Ct

1700 Euclid Ave

163 22nd St
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

How much does it cost to rent a home in Olympia Fields?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Olympia Fields 2 Bedroom Homes for Rent | $1,487 | $1,095 | $1,790 |
Olympia Fields 3 Bedroom Homes for Rent | $2,189 | $1,400 | $3,500 |
Olympia Fields 4 Bedroom Homes for Rent | $2,357 | $1,600 | $2,900 |
Olympia Fields 5 Bedroom Homes for Rent | $3,268 | $2,300 | $3,800 |
Browse Top Homes for Rent in Olympia Fields
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Olympia Fields, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Central Park Apartments & Townhomes | 1 Bed 1 Bath A | 1BR,1BA | $1,179 |
Olympic Village Apartments | The Spruce | 1BR,1BA | $1,201 |
Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1,290 |
Best Value Apartments for Rent in Olympia Fields, IL and Nearby
As of March 26, 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 $1,665 with a $1.83 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Manors at Brookmere | Goddard - 3 Bed 2.5 Bath | 3BR,2.5BA | $1.97 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.83 |
Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.74 |
Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1.79 |
Central Park Apartments & Townhomes | 1 Bed 1 Bath A W/D | 1BR,1BA | $1.74 |
Olympic Village Apartments | The Pine | 1BR,1BA | $1.74 |
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Frequently Asked Questions about Olympia Fields
What type of rentals are currently available in Olympia Fields?
There are currently 94 Apartments for Rent in Olympia Fields, IL with pricing that ranges from $1,050 to $3,102. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olympia Fields ranging from $900 to $3,800.
What is the current price range for Rental Homes in Olympia Fields?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olympia Fields ranges from $900 to $3,800 with an average monthly rent of $2,021.
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.

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.

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.

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.