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1 bedroom apartments
Last updated July 8 2020 at 3:45 AM

6 1 Bedroom Apartments for rent in Park Forest, IL

Verified
Last updated July 8 at 03:35am
12 Units Available
The Park Towers
3905 Tower Dr, Richton Park, IL
1 Bedroom
$1,165
770 sqft
Conveniently located in Richton Park close to Metra station, restaurants and the Central Park Wetlands. Pet-friendly community offers maintenance and online payments. Bright, open spaces include expansive windows and beautiful views.
Verified
Last updated July 20 at 02:19pm
3 Units Available
Olympic Village
31 Olympic Village, Chicago Heights, IL
1 Bedroom
$950
726 sqft
At Olympic Village youll find beautiful maple cabinets, ceramic tile baths and energy efficient appliances to make your life comfortable and oh-so-pleasant.\n\nCoin operated laundry facilities. Air conditioning.
Results within 5 miles of Park Forest
Last updated July 7 at 08:47am
1 Unit Available
86 W 34th Street
86 West 34th Street, Steger, IL
1 Bedroom
$1,600
800 sqft
Spotlessly clean modern apartment 25 miles to Chicago perfect for business or personal travel. Includes everything you need including a fully furnished kitchen, comfortable queen size bed, private entrance with push button lock.
Last updated July 8 at 06:22am
1 Unit Available
4202 Lindenwood Drive - 1A
4202 Lindenwood Drive, Matteson, IL
1 Bedroom
$950
900 sqft
SPACIOUS 1 BED 1 BATH IN SOUTH SUBURBAN MATTESON! THIS UNIT HAS BEEN WELL MAINTAINED! HARDWOOD FLOORING THROUGHOUT THE UNIT.
Last updated July 7 at 10:03pm
1 Unit Available
1316 175th Street
1316 175th Street, East Hazel Crest, IL
1 Bedroom
$775
700 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at 1316 175th Street in East Hazel Crest. View photos, descriptions and more!
Results within 10 miles of Park Forest
Last updated July 7 at 10:03pm
1 Unit Available
4640 153rd Street
4640 153rd Street, Oak Forest, IL
1 Bedroom
$1,100
650 sqft
included: Wi-Fi, cable ready, video surveillance, parking. Coin Laundry and Storage Closet on-site Tenant only pays ComEd.

July 2020 Park Forest Rent Report

Welcome to the July 2020 Park Forest Rent Report. Park Forest rents increased 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 Rent Report

July 2020 Park Forest Rent Report

Welcome to the July 2020 Park Forest Rent Report. Park Forest rents increased 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 rent trends were flat over the past month

Park Forest rents have increased 0.1% over the past month, and have increased slightly by 1.4% in comparison to the same time last year. Currently, median rents in Park Forest stand at $998 for a one-bedroom apartment and $1,173 for a two-bedroom. Park Forest's year-over-year rent growth leads the state average of -0.1%, as well as the national average of 0.2%.

    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, 6 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

    • Over the past year, Arlington Heights has seen the biggest rent drop in the metro, with a decline of 3.0%. Median two-bedrooms there cost $1,459, while one-bedrooms go for $1,240.
    • Waukegan has seen the fastest rent growth in the metro, with a year-over-year increase of 2.3%. The median two-bedroom there costs $1,021, while one-bedrooms go for $867.
    • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,765; rents decreased 0.6% over the past year but remained flat month-over-month.
    • Hammond has the least expensive rents in the Chicago metro, with a two-bedroom median of $997; rents were up 0.7% over the past year but remained flat month-over-month.

    Park Forest rents more affordable than many large cities nationwide

    As rents have increased slightly in Park Forest, other large cities nationwide have seen rents grow more quickly. Park Forest is still more affordable than most large cities across the country.

    • Although rents across cities in Illinois have been marginally on the rise, the state's growth as a whole has held steady over the past year. For example, rents have grown by 0.6% in Rockford and 0.4% in Springfield.
    • Park Forest's median two-bedroom rent of $1,173 is slightly below the national average of $1,192. Nationwide, rents have held steady over the past year.
    • While Park Forest's rents rose slightly over the past year, the city of Columbus also saw an increase of 0.9%.
    • Renters will find more reasonable prices in Park Forest than most large cities. For example, San Francisco has a median 2BR rent of $3,035, 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 Rent
    Median 2BR Rent
    M/M Rent Growth
    Y/Y Rent Growth
    Chicago
    $1,100
    $1,290
    -0.2%
    0.1%
    Aurora
    $1,130
    $1,320
    -0.2%
    -1.4%
    Joliet
    $970
    $1,140
    -0.1%
    1.5%
    Naperville
    $1,500
    $1,760
    0
    -0.6%
    Elgin
    $1,000
    $1,180
    0
    0.8%
    Waukegan
    $870
    $1,020
    0.2%
    2.3%
    Hammond
    $850
    $1,000
    0
    0.7%
    Arlington Heights
    $1,240
    $1,460
    -0.4%
    -3%
    Evanston
    $1,320
    $1,550
    -0.6%
    -1.4%
    Schaumburg
    $1,440
    $1,690
    -0.4%
    0.2%
    Bolingbrook
    $1,300
    $1,530
    -0.2%
    -1.6%
    Palatine
    $1,180
    $1,390
    0
    0.9%
    Des Plaines
    $990
    $1,160
    -1%
    0.4%
    Wheaton
    $1,290
    $1,510
    -0.7%
    0.8%
    Hoffman Estates
    $1,090
    $1,280
    -0.2%
    -0.5%
    Oak Park
    $860
    $1,010
    -0.1%
    2.4%
    Lombard
    $1,340
    $1,580
    -0.3%
    -2.6%
    Buffalo Grove
    $1,350
    $1,590
    -0.1%
    -1.2%
    Carol Stream
    $1,180
    $1,390
    0.1%
    1.6%
    Romeoville
    $1,610
    $1,900
    -0.6%
    -1%
    Wheeling
    $1,150
    $1,350
    0.1%
    0.9%
    Calumet City
    $870
    $1,030
    0
    0.4%
    Merrillville
    $980
    $1,150
    -0.2%
    1.5%
    Glendale Heights
    $1,150
    $1,360
    -0.4%
    2.9%
    St. Charles
    $1,290
    $1,510
    -0.1%
    0.5%
    Woodridge
    $1,200
    $1,410
    0
    -2.3%
    Gurnee
    $1,210
    $1,430
    -1.2%
    -5.2%
    Chicago Heights
    $920
    $1,080
    0.1%
    0.6%
    Lansing
    $830
    $980
    0
    -2.8%
    Vernon Hills
    $1,350
    $1,590
    -0.8%
    0.2%
    Woodstock
    $980
    $1,160
    0.1%
    1.1%
    Westmont
    $1,310
    $1,540
    -0.9%
    -0.8%
    Zion
    $900
    $1,060
    0.1%
    1.5%
    Rolling Meadows
    $1,280
    $1,510
    -0.6%
    1.3%
    Lisle
    $1,230
    $1,450
    -0.6%
    1.5%
    Park Forest
    $1,000
    $1,170
    0.1%
    1.4%
    Richton Park
    $1,060
    $1,250
    0
    0.9%
    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.

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