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146 2 Bedroom Apartments for rent in Oak Park, IL

Last updated July 21 at 10:37pm UTC
820 BELLEFORTE Avenue
Oak Park
Oak Park, IL
Updated July 20 at 10:31pm UTC
2 Bedrooms
$1,850
653 South Boulevard
Oak Park
Oak Park, IL
Updated July 16 at 10:50pm UTC
2 Bedrooms
$1,700
543 GUNDERSON Avenue
Oak Park
Oak Park, IL
Updated July 16 at 2:45am UTC
2 Bedrooms
$2,495
1135 south oak park av
Oak Park
Oak Park, IL
Updated July 15 at 10:34am UTC
2 Bedrooms
$1,300
339 Clinton Avenue
Oak Park
Oak Park, IL
Updated July 12 at 2:59am UTC
2 Bedrooms
$1,600
921 Ontario Street
Oak Park
Oak Park, IL
Updated July 7 at 3:20am UTC
2 Bedrooms
$2,850
230 South Kenilworth Avenue
Oak Park
Oak Park, IL
Updated July 6 at 7:18am UTC
2 Bedrooms
$2,000
833 South Cuyler Avenue
Oak Park
Oak Park, IL
Updated July 1 at 9:46pm UTC
2 Bedrooms
$2,200
175 North Humphrey Avenue
Oak Park
Oak Park, IL
Updated July 21 at 10:08am UTC
2 Bedrooms
$1,700
1039 Randolph Street
Oak Park
Oak Park, IL
Updated July 12 at 10:49pm UTC
2 Bedrooms
$1,600
508 Madison Street
Oak Park
Oak Park, IL
Updated July 12 at 3:02am UTC
2 Bedrooms
$1,750
934 Washington Boulevard
Oak Park
Oak Park, IL
Updated July 9 at 11:14pm UTC
2 Bedrooms
$1,700
306 Madison St
Oak Park
Oak Park, IL
Updated July 21 at 5:15pm UTC
2 Bedrooms
$1,650
901 Washington Blvd
Oak Park
Oak Park, IL
Updated July 21 at 5:07pm UTC
2 Bedrooms
$1,295
930 S Humphrey Ave
Oak Park
Oak Park, IL
Updated July 19 at 5:19pm UTC
2 Bedrooms
$1,590
829 S Euclid Ave
Oak Park
Oak Park, IL
Updated July 18 at 5:36pm UTC
2 Bedrooms
$1,725
426 Wesley Ave
Oak Park
Oak Park, IL
Updated July 17 at 5:27pm UTC
2 Bedrooms
$1,400
1046 Chicago Ave
Oak Park
Oak Park, IL
Updated July 16 at 1:24am UTC
2 Bedrooms
$1,850
1120 Ontario St
Oak Park
Oak Park, IL
Updated July 12 at 1:12am UTC
2 Bedrooms
$1,450

July 2018 Oak Park Rent Report

Welcome to the July 2018 Oak Park Rent Report. Oak Park rents declined 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

July 2018 Oak Park Rent Report

Welcome to the July 2018 Oak Park Rent Report. Oak Park rents declined 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 declined slightly over the past month

Oak Park rents have declined 0.2% over the past month, and are down significantly by 3.2% 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. This is the third straight month that the city has seen rent decreases after an increase in March. Oak Park's year-over-year rent growth lags the state average of -0.2%, as well as the national average of 1.4%.

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 6 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 1.3%. Median two-bedrooms there cost $1,270, while one-bedrooms go for $1,080.
  • Waukegan has the least expensive rents in the Chicago metro, with a two-bedroom median of $990; rents increased 0.1% over the past month but fell 0.3% over the past year.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,750; rents increased 0.7% 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 1.4% over the past year compared to the 3.2% decline in Oak Park.
  • While rents in Oak Park fell significantly over the past year, many cities nationwide saw increases, including Houston (+3.7%), New York (+1.7%), and Detroit (+1.3%).
  • Renters will find more reasonable prices in Oak Park than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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 0.3% -1.3%
Aurora $1,120 $1,310 0.5% 2.0%
Joliet $1,020 $1,210 0.5% 1.5%
Naperville $1,480 $1,750 0.7% -0.0%
Elgin $1,010 $1,180 0.6% 1.1%
Waukegan $840 $990 0.1% -0.3%
Arlington Heights $1,250 $1,470 0.7% -0.7%
Evanston $1,300 $1,530 0.7% 1.0%
Schaumburg $1,370 $1,610 1.0% 1.4%
Palatine $1,150 $1,350 0.9% 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.