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Cheap Apartments for Rent in Oak Park, IL - 281 Rentals available

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Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Oak Park, IL?

The price range of a cheap apartment is between $815 and $2,000. Find cheap apartments in Oak Park, IL.

How many cheap rentals are available in Oak Park, IL on RENTCafé?

There are 269 cheap rentals available on RENTCafé. Prices and availability in Oak Park, IL were last updated on 13 Jun 2021.

What is the average size of a cheap apartment in Oak Park, IL?

The average Oak Park, IL cheap apartment size is 54 sq. ft.

What are the advantages of renting a cheap apartment in Oak Park, IL?

Cheap apartments in Oak Park, IL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Oak Park, IL?

A cheap apartment in Oak Park, IL offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Oak Park, IL.

Renter’s Guide to Oak Park, IL

Your new home in Oak Park, Illinois awaits! It's a great little village, with a thriving downtown but plenty of small-town charm, close enough to Chicago to benefit from its big city amenities, but far enough away to maintain its own laid-back feel.

At 4.7 square-miles, Oak Park is almost 50 times smaller than Chicago, but only 9 miles away. It is also 25 miles from Naperville and 93 miles from Milwaukee, WI.

Chicago Magazine ranked Oak Park as one of 20 Best Towns and Neighborhoods in Chicago and the Suburbs. CNN Money.com ranked it the Best Place in the Midwest for the Rich and Single. And it was also ranked as one of the best cities in America to raise a family in 2018 by Livability.

The weather in Oak Park fluctuates from warm summers to frigid winters. During the hotter months, temperatures average in the low to mid 80s, often with fairly high humidity to go with it. Average winter temperatures can drop all the way into the teens at night, with wind chills that make it feel even colder.

The city receives around 36 inches of rain per year, along with another 39 inches of snowfall.

Oak Park, IL Demographics

  • Total Population52,233
  • Female 24,760
    Male 27,473
  • Median Age39.8

Cost of Living in Oak Park, IL

Oak Park was voted the 3rd Best Neighborhood in the US by American Planning Association.

The cost of living here is a little lower than in Chicago. Dinner for two costs around $60 at a mid-range Italian restaurant, like Cucina Paradiso, while a glass of wine with your meal will be about $9.

Basic utility services for a 915 square-foot apartment in the Chicago area average $125/month.

Bus and rail service in Oak Park is provided by the Chicago Transit Authority, with monthly passes starting at $100, day fares at $10, and one-way tickets at $2.50. Ride sharing is big in the area via Uber or Lyft, or there's always the option of 24-hour taxi service.

Chicago is rated the 12th worst city in the U.S. for traffic. But many people rely on public transportation, which thrives in and around the city and extends to Oak Park.

Average Rent in Oak Park, IL

  • Oak Park, IL Average Rental Price, June 2021 $1,859 /mo

Oak Park, IL Apartment Rent Ranges

  • $701-$1,0004%
  • $1,001-$1,50024%
  • $1,501-$2,00045%
  • > $2,00027%

Oak Park, IL Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Jun / 2021
Oak Park, IL $1,889 $1,884 $1,854 $1,841 $1,874 $1,881 $1,943 $1,925 $1,880 $1,859
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407
/

Check out the average rent prices in Oak Park by neighborhood.

Living in Oak Park, IL

Oak Park is a beautiful suburb of Chicago.

Experience the ambiance of craft brews and local attractions in this charming village. Or hop on the local rail and be in downtown Chicago within half an hour. With plenty of places to shop, dine and eat, this safe and friendly community is a great area to settle down in.

Chicago is also filled with countless things to do and plenty of sports teams to cheer for, including the Chicago Bears of the NFL, the Chicago Cubs and the Chicago White Sox of the MLB, the NBA’s Chicago Bulls, and the NHL’s Chicago Blackhawks.

Living in Oak Park does have its drawbacks though. For starters, many commuters rely on public transportation, which can be challenging during the winter. And that's because winters get brutally cold, windy, and snowy.

Things to do in Oak Park, IL

Oak Park boasts 16 parks, including two swimming pools and an indoor skating rink. For starters, Andersen Park is over 100 years old and is equipped with a Splash Pad, walking trails, a playground, and more. Nearby Rehm Park is one of the places you'll find a pool, as well as tennis courts, playgrounds, and chess tables.

One of the premier attractions in Oak Park is the Frank Lloyd Wright Home and Studio. This house, which Wright designed, is now a museum dedicated to the world-renowned architect. It's the perfect place to visit for admirers or culture buffs.

The city's downtown area is filled with an array of boutique stores, unique and tasty restaurants and coffee shops, as well as thriving businesses. Events include Oak-Toberfest, which features live music, food, family fun, and more. Also, the Jazz Thaw in the spring happily puts snow in the past, while showcasing the best jazz musicians in Chicago.

Or just stroll along the streets of downtown Oak Park and enjoy the ambiance of this quiet village, just outside the bustling city.

Employment & Economy in Oak Park, IL

While there isn't one specific industry that Oak Park is famous for, Chicago is another story – and it's just a short train ride away. In fact, Chicago's home to nearly forty Fortune 500 companies, including State Farm Insurance, Caterpillar, and Boeing.

But Oak Park's unemployment rate is actually lower, meaning there are still plenty of opportunities around.

Oak Park, IL Households

  • Total Number of Households21,603
  • Family 12,819
    Non-family 8,784
  • Children 6,920
    No Children 14,683
  • Average People Per Household2.39
  • Median Household Income$94,646
  • Median Housing Costs Per Month$1,715

Education in Oak Park, IL

Oak Park was rated #22 among the top educated cities in the US by NerdWallet.

And U.S. News and World Report ranked Oak Park and River Forest High School #36 in the state of Illinois and within the top thousand in the country.

There are many great colleges and universities near Oak Park too, including Concordia University, the University of Chicago, Loyola University, and Northwestern.

Oak Park, IL Education Statistics

  • No High School1%
  • Some High School13%
  • Some College16%
  • Associate Degree5%
  • Bachelor Degree30%
  • Graduate Degree36%

Tips for Renting in Oak Park, IL

Ready to make the move to Oak Park? We don't blame you. But first, let's go over some of the city's specific tenant laws. Make sure to read your lease agreement carefully before signing and familiarize yourself with renter’s rights. All lease agreements must be written out, since oral agreements aren't legally binding here. These agreements will vary from apartment to apartment. For instance, basic utilities may not be included, and even hallway lights may be your responsibility. That's why it's so important to read before you sign.

Also, make sure to visit the area before deciding to move there to ensure that it is the right place for you.

Looking for a cheap apartment for rent in Oak Park, IL? With RENTCafé, finding an affordable apartment in Oak Park, IL has never been easier. We feature 282 low-priced rentals directly from property managers, with rents lower than the Oak Park, IL average. What is a cheap rent in Oak Park, IL? The average apartment rent in Oak Park is $1,859 per month so any rental south of $1,487 would be considered cheap here. On RENTCafé, Oak Park, IL rents go as low as $809/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!