Cheap Homes for Rent in Park Forest, IL from $900 (8 Rentals)

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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

Cheapest Available Park Forest Apartments for Rent and Nearby

 

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 and Nearby

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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Frequently Asked Questions about Park Forest

What type of rentals are currently available in Park Forest?

There are currently 114 Apartments for Rent in Park Forest, IL with pricing that ranges from $1,025 to $2,993. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Forest ranging from $900 to $3,475.

What is the current price range for Rental Homes in Park Forest?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Forest ranges from $900 to $3,475 with an average monthly rent of $1,868.

How much are larger Three and Four Bedroom Rentals in Park Forest?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Forest range from $1,545 to $2,540, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,880. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $2,150.

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.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.