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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

Oak Park, IL Rental Market Trends

Highlights

The average rent for an apartment in Oak Park is $1,943, a 6% increase compared to the previous year, when the average rent was $1,841.

Average Rent in Oak Park, IL

Last updated February 2020
Average Rent Y-o-Y Change Average Apartment Size
$1,943 6% 854 sq. ft.

The average size for a Oak Park, IL apartment is 854 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Oak Park, IL Apartment Rent Ranges

  • $701-$1,0001%
  • $1,001-$1,50024%
  • $1,501-$2,00032%
  • > $2,00042%

Oak Park, IL Occupied Housing Units

  • Renter-occupied Households41%
  • Owner-occupied Households58%

8,931 or 41% of the households in Oak Park, IL are renter-occupied while 12,753 or 58% are owner-occupied.

Oak Park, IL Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
Oak Park, IL $1,764 $1,780 $1,781 $1,889 $1,884 $1,854 $1,841 $1,874 $1,881 $1,943
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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How Oak Park Compares to Other Cities

Average Rent Y-o-Y Change
Chicago $1,943 2%
Oak Park $1,943 6%
Evanston $1,945 1%
Aurora $1,329 2%
Naperville $1,501 5%
Skokie $1,577 n/a
Kenosha $1,050 3%
Elgin $1,147 6%
Forest Park $1,025 18%
Joliet $1,023 4%
Bensenville $1,246 4%

For more information about the Oak Park rental trends, check out our monthly rent report

Check out Illinois Cities, Illinois Neighborhoods and Illinois Zip Codes for more details on verified listings, including the Illinois Average Rent.

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Oak Park apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.