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127 Apartments for rent in Park Forest, IL

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Last updated August 24 at 5:06AM
Results within 1 miles of Park Forest, IL
22126 Richton Road
Richton Park
Richton Park, IL
Updated August 15 at 5:12AM
2 Bedrooms
$1,050
Results within 5 miles of Park Forest, IL
6118 White Birch Lane
Matteson
Matteson, IL
Updated August 15 at 5:35AM
3 Bedrooms
$1,850
201 Briarwood Court
Matteson
Matteson, IL
Updated August 15 at 5:37AM
3 Bedrooms
$1,300
22231 Belmont Rd
Richton Hills
Richton Park, IL
Updated August 16 at 1:54AM
3 Bedrooms
Ask
110 N Halsted St
Chicago Heights
Chicago Heights, IL
Updated July 24 at 5:46PM
Studio
$5,000
4212 Lindenwood Drive
Matteson
Matteson, IL
Updated August 15 at 5:09AM
2 Bedrooms
$900
18848 May St
Homewood Terrace
Homewood, IL
Updated August 23 at 1:48AM
4 Bedrooms
$2,050
61 Red Barn Road
Matteson
Matteson, IL
Updated August 22 at 7:33PM
2 Bedrooms
$1,300
19735 S Edinburgh Ln
Frankfort Square
Frankfort, IL
Updated August 20 at 9:42AM
2 Bedrooms
$1,500
2145 Cedar Road
Homewood
Homewood, IL
Updated August 15 at 5:37AM
3 Bedrooms
$1,695
55 W 15th St
Chicago Heights
Chicago Heights, IL
Updated August 22 at 9:43AM
4 Bedrooms
Ask
3548 West 163rd Street
Canterbury
Markham, IL
Updated August 15 at 5:09AM
4 Bedrooms
$1,600
17831 Ridgewood Dr
Hillcrest
Hazel Crest, IL
Updated August 24 at 2:10AM
5 Bedrooms
$1,850
25719 South McCorkle Avenue
Monee
Monee, IL
Updated August 15 at 10:56AM
3 Bedrooms
$1,650
2118 219th Pl
Southdale
Sauk Village, IL
Updated August 24 at 2:17AM
3 Bedrooms
$1,000
Old Meadow Rd
Matteson
Matteson, IL
Updated August 18 at 7:39AM
3 Bedrooms
$1,700
Los Angeles Ct N
Homewood Estates
Homewood, IL
Updated August 18 at 7:40AM
4 Bedrooms
$1,745
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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!

Rent Report
Park Forest

August 2017 Park Forest Rent Report

Welcome to the August 2017 Park Forest Rent Report. Park Forest rents remained steady over the past month. In this report, we'll evaluate trends in the Park Forest rental market, including comparisons to cities throughout the metro and nation.

Park Forest rent trends were flat over the past month

Park Forest rents have remained flat over the past month, however, they have increased 0.2% year-over-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 lags the state average of 2.7%, as well as the national average of 2.9%.

Rents rising across the Chicago Metro

Throughout the past year, rent increases have been occurring not just in the city of Park Forest, but across the entire metro. Of the largest 10 cities that we have data for in the Chicago metro, all of them have seen prices rise. Illinois as a whole has logged a 2.7% year-over-year growth. Here's a look at how rents compare across some of the largest cities in the metro.

  • Chicago proper has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,290; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 4.6%.
  • Over the past month, Arlington Heights has seen the biggest rent drop in the metro, with decline of 0.7%. Median two-bedrooms there cost $1,470, while one-bedrooms go for $1,250.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,750; rents were up 0.3% over the past month and 2.2% 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, while in a few cases, rents have actually declined. Park Forest is still more affordable than most large cities across the country.

  • Park Forest's median two-bedroom rent of $1,150 is below the national average of $1,160. Nationwide, rents have grown by 2.9% over the past year.
  • While rents in Park Forest remained moderately stable this year, similar cities saw increases, including St. Louis (+3.0%), Denver (+2.7%), Baltimore (+2.5%); note that median 2BR rents in these cities go for $940, $1,350, and $1,210 respectively.
  • Renters will find more reasonable prices in Park Forest than most large cities. Comparably, San Francisco has a median 2BR rent of $3,060, 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 $1,100 $1,290 0.6% 4.6%
Aurora $1,110 $1,300 1.0% 1.7%
Naperville $1,490 $1,750 0.3% 2.2%
Arlington Heights $1,250 $1,470 -0.7% 3.3%
Evanston $1,300 $1,520 0.6% 4.5%
Palatine $1,120 $1,310 -0.3% 2.1%
Wheaton $1,260 $1,480 -0.0% 0.4%
Hoffman Estates $1,120 $1,320 0.3% 3.6%
Woodridge $1,230 $1,450 1.2% 4.5%
Lisle $1,210 $1,420 0.4% 1.0%
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.