10 Apartments under 800 for rent in Oak Park, IL

Last updated May 20 at 6:07pm UTC
Results within 5 miles of Oak Park, IL
2923 North Springfield Avenue
Logan Square
Chicago, IL
Updated May 14 at 4:25pm UTC
1 Bedroom
$780
2959 North PARKSIDE Avenue
Belmont Central
Chicago, IL
Updated May 11 at 12:23am UTC
1 Bedroom
$790
4334 West Walton Street
West Humboldt Park
Chicago, IL
Updated May 4 at 7:52am UTC
1 Bedroom
$750
1229 S Troy St.
Archer Heights
Chicago, IL
Updated April 20 at 10:11am UTC
Studio
$100
2420 North 77th Avenue
Elmwood Park
Elmwood Park, IL
Updated April 18 at 12:26am UTC
1 Bedroom
$750
1024 South 11th Avenue
Maybrook Square
Maywood, IL
Updated April 11 at 4:14am UTC
2 Bedrooms
$750
Results within 10 miles of Oak Park, IL
2752 W 66th St
Marquette Park
Chicago, IL
Updated May 13 at 10:51am UTC
1 Bedroom
$725
6323 S California Ave
Marquette Park
Chicago, IL
Updated May 12 at 2:08am UTC
1 Bedroom
$650
5436 S Justine St.
Back of the Yards
Chicago, IL
Updated May 4 at 11:04am UTC
Studio
$100
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May 2018 Oak Park Rent Report

Welcome to the May 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

May 2018 Oak Park Rent Report

Welcome to the May 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 marginally over the past month

Oak Park rents have declined 0.1% over the past month, and have decreased significantly by 2.0% 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 0.2%, as well as the national average of 1.5%.

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 8 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.

  • Aurora has seen the fastest rent growth in the metro, with a year-over-year increase of 3.1%. The median two-bedroom there costs $1,300, while one-bedrooms go for $1,110.
  • Over the past year, Arlington Heights has seen the biggest rent drop in the metro, with a decline of 1.9%. Median two-bedrooms there cost $1,450, while one-bedrooms go for $1,230.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,720; rents remained steady over the past month.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170; rents were up 0.5% over the past year but remained flat month-over-month.

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 $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.0% decline in Oak Park.
  • While rents in Oak Park fell significantly over the past year, many cities nationwide saw increases, including Houston (+3.1%), Denver (+1.6%), and Columbus (+1.5%).
  • Renters will find more reasonable prices in Oak Park than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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 $1,070 $1,260 0.2% -0.6%
Aurora $1,110 $1,300 0.0% 3.1%
Joliet $1,020 $1,200 0.1% 1.3%
Naperville $1,460 $1,720 -0.0% 0.4%
Elgin $1,000 $1,170 0.1% 0.5%
Arlington Heights $1,230 $1,450 0.7% -1.9%
Evanston $1,280 $1,510 0.5% 1.3%
Schaumburg $1,340 $1,580 0.1% 1.2%
Palatine $1,130 $1,330 0.3% 2.0%
Des Plaines $1,040 $1,220 -0.3% 1.6%
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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.