Cheap Apartments for Rent in Park Forest, IL from $600 (7 Rentals)

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Search the lowest-cost Apartments available for rent right now in Park Forest.

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
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Eagle Ridge Apartments
Studio to 1 Bedroom Apartments

Eagle Ridge Apartments

3331-3351 S Commercial AveSouth Chicago Heights, IL 60411
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

421-505 Dixie HwyChicago Heights, IL 60411
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4035 Lindenwood Dr
1 to 2 Bedroom Apartments

4035 Lindenwood Dr

4035 Lindenwood DrMatteson, IL 60443
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Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

22300 Richton Square RdRichton Park, IL 60471
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Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
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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

Park Forest, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Park Forest Apartments for Rent

 

The cheapest available apartment rental in Park Forest, IL is a 2 Beds unit found at Carriage Creek Apartments in the Lincoln Station neighborhood priced from $1,025. Central Park Apartments & Townhomes in the Indian Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,189. Here is today’s list of the most affordable Park Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carriage Creek Apartments2 bedroom2BR,1BA$1,025
Central Park Apartments & Townhomes1 Bed 1 Bath B1BR,1BA$1,189
Olympic Village ApartmentsThe Spruce1BR,1BA$1,201

Best Value Apartments for Rent in Park Forest, IL

As of April 13, 2025 the best value apartment in the Park Forest area is the $1.48 price per square foot Magnolia Model at Arbors at Hickory Creek in the in the Lincoln Station neighborhood starting from $1,467. The second greatest value Park Forest apartment is the 1 bedroom Model at Carriage Creek Apartments starting at $1,250 with a $1.26 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Park Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Hickory CreekMagnolia2BR,1BA$1.48
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.80
Maple Leaf ApartmentsGarden Upgraded1BR,1BA$1.70
Richton Trail2 Beds, 1 bath2BR,1BA$1.62
4206 Lindenwood Drive2 Bedroom 1 Bathroom Apartment2BR,1BA$2.07
Oakwood Townhomes1 Bedroom1BR,1BA$1.74
Central Park Apartments & Townhomes1 Bed 1 Bath A W/D1BR,1BA$1.74
Olympic Village ApartmentsThe Pine1BR,1BA$1.74
Matteson Blu1 Bedroom, 1 Bathroom1BR,1BA$2.92

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Park Forest Overview

"With a population of around 20,000 and located due south of the big city excitement of Chicago, Park Forest apartments are a great way to get to experience all that life in Illinois has to offer. Touting the motto ""Live, Grow, Discover"", this 'little big city' has much to offer in the way of opportunity and convenience."

Why live in Park Forest, IL?

Home to both natural public park beauty and modern city convenience, Park Forest apartments are an ideal way to get closer to the charm of Illinois. Offering much in the way of schools, employment opportunities and nearby big city cultural experiences, this is one hot spot that should be high on the list for anyone considering a move to the greater Chicago metro vicinity.

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

Explore Park Forest, IL Rentals by Map

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Getting Around Park Forest, IL

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Park Forest Apartments

How much is rent for a Cheap One Bedroom Park Forest Apartment?

The lowest price for a Cheap One Bedroom Park Forest Apartment is $1,189 at Central Park Apartments & Townhomes.

What is the lowest price for a Cheap Two Bedroom Park Forest Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Park Forest is starting from $1,025 at Carriage Creek Apartments.

What is the most affordable Park Forest Three Bedroom Apartment?

The best deal on a cheap Park Forest 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.

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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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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.