Apartments for Rent in Park Forest, IL

Prices and availability in Park Forest, IL were last updated on 2 Aug 2026.

The best apartment in Park Forest, IL is: 454 Springfield Street Park Forest, IL 60466.

The average rent in Park Forest, IL is $1,453.

The price range for a 3-bedroom apartment in Park Forest, IL is between $1,960 and $2,450.

In Park Forest 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 15% of Park Forest's apartments are found in large buildings of 50 units or more, 46% are located in smaller apartment complexes with less than 50 units, and 39% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Park Forest are about 51 years old, on average. Of these, 15% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 5 stories. About 82% of the rental communities here are low-rise, garden-style communities, 37% are mid-rises, and 7% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Park Forest come in a range of sizes and floorplans. Studio apartments represent 1% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 38% of the total apartments in the city, while 2-bedroom floorplans represent around 48% of all rentals in Park Forest. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.