Cheap Homes for Rent in Park Ridge, IL from $1,200 (25 Rentals)

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

Search the lowest-cost Homes available for rent right now in Park Ridge.

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 Ridge, IL Local Guide

Cheapest Neighborhoods for Apartments in Park Ridge, IL

Pricing Updated: 03/20/2025

Current apartment rentals in the Park Ridge, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Park Ridge Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Cheapest Available Park Ridge Apartments for Rent

 

The cheapest available apartment rental in Park Ridge, IL is a 1 Bed unit found at 7251-7259 Lawrence in the Norwood Park neighborhood priced from $1,000. Mont Clare in the Norwood Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here is today’s list of the most affordable Park Ridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
7251-7259 LawrenceNot Available1BR,1BA$1,000
Mont ClareS3Studio,1BA$1,325
The PavilionSC Renovation 2Studio,1BA$1,389
Glen Oaks CommonsEnglish Oak1BR,1BA$1,480
Legacy CrossingsHoldenStudio,1BA$1,500

Best Value Apartments for Rent in Park Ridge, IL

As of March 21, 2025 the best value apartment in the Park Ridge area is the $1.33 price per square foot 7560 W Touhy Ave Model at 7560 W Touhy Ave, Unit 1st Floor in the in the Edison neighborhood starting from $1,990. The second greatest value Park Ridge apartment is the 2 Bedroom 2 Bath Model at 1027 W Touhy Ave starting at $1,900 with a $1.73 price per square foot in the Norwood Park neighborhood. Here is today’s list of the best values for Park Ridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7560 W Touhy Ave, Unit 1st Floor7560 W Touhy Ave2BR,1BA$1.33
1027 W Touhy Ave2 Bedroom 2 Bath2BR,1BA$1.73
1271 N Northwest Hwy, Unit Garden1271 N Northwest Hwy2BR,1BA$1.60
1700 Dempster Street, Unit B1700 Dempster Street2BR,1BA$1.90
10380 Michael Todd Terrace, Unit GE10380 Michael Todd Terrace1BR,1BA$1.44
1304 Carol St1304 Carol St2BR,1BA$2.11
907 N Northwest Hwy, Unit G907 N Northwest Hwy2BR,1BA$1.83
Park Ridge CommonsSEVEN601BR,1BA$2.06
Glen Oaks CommonsEnglish Oak1BR,1BA$1.97
Courtyards On The Park1x1 Large Upgrade1BR,1BA$2.12

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

Frequently Asked Questions about Park Ridge

What type of rentals are currently available in Park Ridge?

There are currently 820 Apartments for Rent in Park Ridge, IL with pricing that ranges from $1,000 to $5,660. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Ridge ranging from $1,200 to $9,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Ridge ranges from $1,200 to $9,800 with an average monthly rent of $3,900.

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.