
Cheap Homes for Rent in Park Forest, IL from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Park Forest.


3353 Commercial Ave

3343 Commercial Ave

3351 Commercial Ave

3228 Commercial Ave

75 W 15th St

163 22nd St

1700 Euclid Ave
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

How much does it cost to rent a home in Park Forest?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Park Forest 2 Bedroom Homes for Rent | $1,523 | $1,200 | $1,790 |
Park Forest 3 Bedroom Homes for Rent | $2,039 | $1,200 | $2,880 |
Park Forest 4 Bedroom Homes for Rent | $2,164 | $1,600 | $2,700 |
Park Forest 5 Bedroom Homes for Rent | $2,887 | $2,300 | $3,475 |
Browse Top Homes for Rent in Park Forest
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Park Forest, IL Local Guide
- Park Forest Neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1,025 |
Central Park Apartments & Townhomes | 1 Bed 1 Bath B | 1BR,1BA | $1,189 |
Olympic Village Apartments | The Spruce | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Arbors at Hickory Creek | Magnolia | 2BR,1BA | $1.48 |
Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.80 |
Maple Leaf Apartments | Garden Upgraded | 1BR,1BA | $1.70 |
Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.62 |
4206 Lindenwood Drive | 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $2.07 |
Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1.74 |
Central Park Apartments & Townhomes | 1 Bed 1 Bath A W/D | 1BR,1BA | $1.74 |
Olympic Village Apartments | The Pine | 1BR,1BA | $1.74 |
Matteson Blu | 1 Bedroom, 1 Bathroom | 1BR,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.

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.