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676 1 Bedroom Apartments for rent in Oak Park, IL

Last updated August 17 at 10:29am UTC
607 Washington Boulevard
Oak Park
Oak Park, IL
Updated August 16 at 10:35am UTC
1 Bedroom
$1,425
1104 Chicago Avenue
Oak Park
Oak Park, IL
Updated August 14 at 2:28pm UTC
1 Bedroom
$1,050
1103 Holley Court
Oak Park
Oak Park, IL
Updated August 14 at 9:58am UTC
1 Bedroom
$1,299
211 CHICAGO Avenue
Oak Park
Oak Park, IL
Updated August 13 at 10:46pm UTC
1 Bedroom
$1,200
221 North Oak Park Avenue
Oak Park
Oak Park, IL
Updated August 13 at 10:45pm UTC
1 Bedroom
$1,500
1111 Holley Court
Oak Park
Oak Park, IL
Updated August 10 at 10:38pm UTC
1 Bedroom
$1,250
244 South Maple Avenue
Oak Park
Oak Park, IL
Updated August 8 at 10:13am UTC
1 Bedroom
$1,325
426 South Euclid Avenue
Oak Park
Oak Park, IL
Updated August 4 at 6:58am UTC
1 Bedroom
$1,225
Results within 1 miles of Oak Park, IL
7300 Madison Street
Forest Park
Forest Park, IL
Updated August 17 at 10:07am UTC
1 Bedroom
$1,300
7177 West Belden Avenue
Austin
Elmwood Park, IL
Updated August 15 at 10:26pm UTC
1 Bedroom
$1,100
6807 13th Street
Berwyn
Berwyn, IL
Updated August 7 at 2:44am UTC
1 Bedroom
$1,000
209 Washington Boulevard
Oak Park
Oak Park, IL
Updated August 2 at 10:07am UTC
1 Bedroom
$1,275
426 Wesley Ave
Oak Park
Oak Park, IL
Updated August 17 at 9:32am UTC
1 Bedroom
$1,200
1121 Washington Blvd
Oak Park
Oak Park, IL
Updated August 16 at 5:22pm UTC
1 Bedroom
$995
5800 W Adams St
Austin
Chicago, IL
Updated August 12 at 1:21am UTC
1 Bedroom
$1,100

August 2018 Oak Park Rent Report

Welcome to the August 2018 Oak Park Rent Report. Oak Park rents increased over the past month. In this report, we'll evaluate trends in the Oak Park rental market, including comparisons to cities throughout the metro, state, and nation.

View full Oak Park Rent Report
Rent Report
Oak Park

August 2018 Oak Park Rent Report

Welcome to the August 2018 Oak Park Rent Report. Oak Park rents increased over the past month. In this report, we'll evaluate trends in the Oak Park rental market, including comparisons to cities throughout the metro, state, and nation.

Oak Park rents increased significantly over the past month

Oak Park rents have increased 0.4% over the past month, but have decreased significantly by 2.4% in comparison to the same time last year. Currently, median rents in Oak Park stand at $930 for a one-bedroom apartment and $1,090 for a two-bedroom. Oak Park's year-over-year rent growth lags the state average of -0.4%, as well as the national average of 1.2%.

Rents rising across the Chicago Metro

While rent prices have decreased in Oak Park over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 7 of the largest 10 cities in the Chicago metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Palatine has seen the fastest rent growth in the metro, with a year-over-year increase of 2.8%. The median two-bedroom there costs $1,350, while one-bedrooms go for $1,150.
  • Over the past year, Chicago proper has seen the biggest rent drop in the metro, with a decline of 1.8%. Median two-bedrooms there cost $1,270, while one-bedrooms go for $1,080.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,750; rents grew 0.2% over the past month but fell 0.1% over the past year.
  • Waukegan has the least expensive rents in the Chicago metro, with a two-bedroom median of $990; rents increased 0.4% over the past month but remained flat year-over-year.

Oak Park rents more affordable than many large cities nationwide

As rents have fallen significantly in Oak Park, many large cities nationwide have seen prices increase, in some cases substantially. Oak Park is also more affordable than most large cities across the country.

  • Oak Park's median two-bedroom rent of $1,090 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 2.4% decline in Oak Park.
  • While rents in Oak Park fell significantly over the past year, many cities nationwide saw increases, including Houston (+3.6%), San Francisco (+1.1%), and New York (+1.1%).
  • Renters will find more reasonable prices in Oak Park than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than two-and-a-half times the price in Oak Park.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Chicago $1,080 $1,270 0.1% -1.8%
Aurora $1,110 $1,310 -0.2% 0.8%
Joliet $1,020 $1,200 -0.4% 0.5%
Naperville $1,490 $1,750 0.2% -0.1%
Elgin $1,000 $1,180 -0.4% 0.4%
Waukegan $840 $990 0.4% 0.2%
Arlington Heights $1,240 $1,460 -0.2% -0.2%
Evanston $1,310 $1,540 0.7% 1.1%
Schaumburg $1,370 $1,610 0.3% 1.4%
Palatine $1,150 $1,350 -0.2% 2.8%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.