Park Forest, IL Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Park Forest is $1,489, a 2.56% increase compared to the previous year, when the average rent was $1,452.
One-bedroom apartments provide 783 square feet for $1,260, balancing privacy and affordability.
Two-beedroom units at $1,520 offer 1,236 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,360 sq ft) for $1,809, suitable for larger households.
Average rent in Park Forest, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,489 | 1,132 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,260 | 783 sq. ft. |
| 2 Beds | $1,520 | 1,236 sq. ft. |
| 3 Beds | $1,809 | 1,360 sq. ft. |
Park Forest, IL rent trends
Rental prices in Park Forest, IL have increased by 2.56% over the past year. The average rent moved from $1,452 to $1,489.
What's the typical rent budget in Park Forest, IL?
The largest share of rentals in Park Forest, IL (58%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Park Forest, IL?
2,917 or 36% of the households in Park Forest, IL are renter-occupied while 5,296 or 64% are owner-occupied.
How Park Forest Compares to Other Cities
| City | Average Rent |
|---|---|
| Park Forest | $1,489 |
| Chicago | $2,432 |
| Oak Park | $2,213 |
| Evanston | $2,568 |
| Rockford | $1,252 |
| Skokie | $2,128 |
| Peoria | $1,218 |
| Aurora | $1,865 |
| Naperville | $2,082 |
| Waukegan | $1,365 |
| Dekalb | $1,105 |
| Hammond, IN | $1,224 |
| Matteson | $2,437 |
| Chicago Heights, IL | $1,238 |
| Lansing, IL | $1,251 |
| Calumet City, IL | $1,123 |
| Riverdale, IL | $1,096 |
| Tinley Park, IL | $1,948 |
| Blue Island, IL | $1,019 |
| Highland, IN | $1,729 |
| Oak Forest, IL | $1,291 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Park Forest apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.