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169 Apartments for rent in Park Forest, IL

Read Guide >
Last updated January 21 at 6:50pm UTC
322 Sauk Trail
Park Forest
Park Forest, IL
Updated January 21 at 9:39am UTC
3 Bedrooms
$1,300
216 Marquette St
Park Forest
Park Forest, IL
Updated January 21 at 8:33am UTC
3 Bedrooms
$1,215
315 Illinois Street
Park Forest
Park Forest, IL
Updated January 21 at 6:50pm UTC
3 Bedrooms
$1,435
419 WINNEMAC ST
Park Forest
Park Forest, IL
Updated January 21 at 5:23pm UTC
4 Bedrooms
$1,350
416 Indiana Street
Park Forest
Park Forest, IL
Updated January 21 at 5:24pm UTC
3 Bedrooms
$1,500
400 Winnemac Street
Park Forest
Park Forest, IL
Updated January 21 at 5:24pm UTC
4 Bedrooms
$1,500
108 Shabbona Drive
Park Forest
Park Forest, IL
Updated January 21 at 5:24pm UTC
3 Bedrooms
$1,350
350 Miami Street
Park Forest
Park Forest, IL
Updated January 21 at 5:24pm UTC
4 Bedrooms
$1,500
Results within 1 miles of Park Forest, IL
Olympic Village
31 Olympic Village
Chicago Heights, IL
Updated July 20 at 2:19pm UTC
1 Bedroom
$950
2 Bedrooms
$1,050
3 Bedrooms
$1,250
65 W Main St
Chicago Heights
Chicago Heights, IL
Updated January 21 at 11:30am UTC
2 Bedrooms
$895
1043 Lioncrest Dr.
Richton Park
Richton Park, IL
Updated January 21 at 11:30am UTC
3 Bedrooms
$1,250
21227 Jeffrey Drive
Matteson
Matteson, IL
Updated January 21 at 6:50pm UTC
3 Bedrooms
$1,445
3916 214th Street
Matteson
Matteson, IL
Updated January 21 at 6:49pm UTC
3 Bedrooms
$1,429
394 West 17th Street
Chicago Heights
Chicago Heights, IL
Updated January 21 at 5:24pm UTC
3 Bedrooms
$1,250
22025 Ridgeway Avenue
Richton Park
Richton Park, IL
Updated January 21 at 5:24pm UTC
3 Bedrooms
$1,200
1221 Wilson Avenue
Chicago Heights
Chicago Heights, IL
Updated January 21 at 6:25pm UTC
5 Bedrooms
$1,525
1121 Abbott
University Park
University Park, IL
Updated January 21 at 11:30am UTC
3 Bedrooms
$1,200
Results within 5 miles of Park Forest, IL
3216 Wallace Avenue
Steger
Steger, IL
Updated January 21 at 11:30am UTC
4 Bedrooms
$1,575
654 Cambridge Ave.
Matteson
Matteson, IL
Updated January 21 at 11:30am UTC
3 Bedrooms
$1,650
17841 Baker Avenue
Country Club Hills
Country Club Hills, IL
Updated January 21 at 11:30am UTC
5 Bedrooms
$1,550
137 Hemlock St
Park Forest
Park Forest, IL
Updated January 21 at 8:33am UTC
2 Bedrooms
$1,000
3629 Tamarind Ln
Apple Tree of Hazelcrest
Hazel Crest, IL
Updated January 21 at 11:30am UTC
3 Bedrooms
$1,500
City Guide
Park Forest
Moving to Park Forest

There are a few important things to prepare before you make your move that will smooth the path a bit. You can always go online to take a peek and do some homework about the city, but we recommend that you enlist the help of a local broker or real estate agent for your search. A local broker knows exactly what is available and might even be able to point you towards some sweetheart deals you would have never found on your own. Next, make a list of your must-haves! How much space do you need? Do you need washer/dryer hookups or does a deep walk in closet seal the deal for you? Also, don't forget to bring your references, credit check and enough money for all fees and deposits. Those are vital!

Park Forest Neighborhoods

When moving, it is both important and proactive to gain a bit of insight about various neighborhoods before deciding if it will be a good fit for you and your lifestyle. The neighborhoods of Park Forest are described below to help you get a feel for the differences that make them each unique!

Lincoln Hwy/Indian St: This urban neighborhood is perfect for anyone who appreciates the architecture and charm of homes built between 1940 and 1969. If your search for apartments includes desires for three, four or five-bedroom homes for rent, you are looking in the right neighborhood! Another bonus to this neighborhood is Pioneer Tap & Liquors!

Main St/Sauk Trail: If you love your parks, this north central neighborhood is perfect for you! There are duplexes for rent as well as stand alone homes and a few apartment complexes. If you catch the train, you will have an easy commute with the rest of your neighbors who also ride the line to and from work each day.

Village Center: Nestled within the center of the village, flanked by Sauk Trail Woods to the east and Central Park to the west, Village Center is most notable for its bright, charming row houses. Whether it's a 2 bedroom home, a 3 bedroom Row House or a studio apartment, the Village Center is sure to have exactly what you are looking for in your next home!

Life in Park Forest

If you don't feel like venturing to Chicago for an exciting night out, try Dunagains Irish Pub and have a slow pulled pint of Guinness to go with a pizza so delicious, your taste buds will drag you back time and again! You will notice residents out in force the moment the weather climbs above freezing, and Central Park is one of the favored haunts for exercise, relaxation and just enjoying the outdoors. Whether it's the nightlife, the artistic community, the excellent park system or just the friendliness of the locals, life in Park Forest is the right choice!

January 2019 Park Forest Rent Report

Welcome to the January 2019 Park Forest Rent Report. Park Forest rents declined over the past month. In this report, we'll evaluate trends in the Park Forest rental market, including comparisons to cities throughout the metro, state, and nation.

View full Park Forest Rent Report
Rent Report
Park Forest

January 2019 Park Forest Rent Report

Welcome to the January 2019 Park Forest Rent Report. Park Forest rents declined over the past month. In this report, we'll evaluate trends in the Park Forest rental market, including comparisons to cities throughout the metro, state, and nation.

Park Forest rents held steady over the past month

Park Forest rents have declined 0.1% over the past month, but have been relatively flat at 0.2% in comparison to the same time last year. Currently, median rents in Park Forest stand at $980 for a one-bedroom apartment and $1,150 for a two-bedroom. Park Forest's year-over-year rent growth leads the state average of 0.0%, but trails the national average of 0.9%.

Rents rising across the Chicago Metro

While rents have remained steady in the city of Park Forest throughout the past year, cities across the metro have seen a different trend. Rents have risen in 7 of 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.

  • Joliet has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,120; the city has also seen rents fall by 7.4% over the past year, the biggest drop in the metro.
  • Schaumburg has seen the fastest rent growth in the metro, with a year-over-year increase of 4.8%. The median two-bedroom there costs $1,670, while one-bedrooms go for $1,420.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,760; rents were up 0.2% over the past month and 1.9% over the past year.

Park Forest rents more affordable than many large cities nationwide

Rent growth in Park Forest has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Park Forest is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with Illinois as a whole logging rent growth of 0.0% over the past year. For example, rents have grown by 0.4% in Peoria.
  • Park Forest's median two-bedroom rent of $1,150 is slightly below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the stagnant growth in Park Forest.
  • While rents in Park Forest remained moderately stable this year, similar cities saw increases, including New York (+2.7%), Denver (+2.5%), and San Francisco (+2.4%); note that median 2BR rents in these cities go for $2,540, $1,340, and $3,090 respectively.
  • Renters will find more reasonable prices in Park Forest 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 Park Forest.

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 -0.0% 1.3%
Aurora $1,120 $1,320 0.7% 1.3%
Joliet $950 $1,120 -7.3% -7.4%
Naperville $1,500 $1,760 0.2% 1.9%
Elgin $990 $1,160 -1.5% -1.5%
Arlington Heights $1,250 $1,470 1.0% 2.1%
Evanston $1,300 $1,530 -0.0% 2.3%
Schaumburg $1,420 $1,670 2.9% 4.8%
Palatine $1,170 $1,370 0.7% 3.8%
Des Plaines $980 $1,150 -5.7% -5.2%
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.