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27 2 Bedroom Apartments for rent in Park Forest, IL

Last updated September 23 at 4:07am UTC
3522 Western Avenue
Park Forest
Park Forest, IL
Updated September 15 at 8:22am UTC
2 Bedrooms
$1,200
257 Minocqua Street
Park Forest
Park Forest, IL
Updated September 12 at 11:07pm UTC
2 Bedrooms
$975
Results within 1 miles of Park Forest, IL
Olympic Village
31 Olympic Village
Chicago Heights, IL
Updated July 20 at 2:19pm UTC
2 Bedrooms
$1,050
Results within 5 miles of Park Forest, IL
1724 Linden
Homewood
Homewood, IL
Updated September 21 at 1:03pm UTC
2 Bedrooms
$1,600
17631 Briar Ave
Dixmoor
Homewood, IL
Updated September 21 at 1:03pm UTC
2 Bedrooms
$1,400
128 E Joe Orr Rd
Arterial Hill
Chicago Heights, IL
Updated September 20 at 5:40pm UTC
2 Bedrooms
$900
18019 Dixie Highway
Downtown Homewood
Homewood, IL
Updated September 16 at 5:41am UTC
2 Bedrooms
$1,100
22 W 37th St
Steger
Steger, IL
Updated August 28 at 10:29am UTC
2 Bedrooms
$870
1463 Elizabeth Street
Crete
Crete, IL
Updated August 20 at 2:09am UTC
2 Bedrooms
$1,350
Results within 10 miles of Park Forest, IL
13512 Chatham Street
Blue Island
Blue Island, IL
Updated September 23 at 3:30am UTC
2 Bedrooms
$850
17421 70th Avenue
Rauhoff
Tinley Park, IL
Updated September 22 at 3:31pm UTC
2 Bedrooms
$1,250
15736 TERRACE Drive
Oak Forest
Oak Forest, IL
Updated September 22 at 2:50am UTC
2 Bedrooms
$1,100
14700 Turner Ave
Midlothian
Midlothian, IL
Updated September 21 at 2:29am UTC
2 Bedrooms
$999
14133 S School St
Riverdale
Riverdale, IL
Updated September 19 at 12:33pm UTC
2 Bedrooms
$850
17544 71st Avenue
Barrett Brothers Familyland
Tinley Park, IL
Updated September 17 at 10:22pm UTC
2 Bedrooms
$1,075
17528 71ST Avenue
Barrett Brothers Familyland
Tinley Park, IL
Updated September 14 at 2:58am UTC
2 Bedrooms
$1,375
15824 PEGGY Lane
Oak Forest
Oak Forest, IL
Updated September 10 at 6:38am UTC
2 Bedrooms
$1,100
452 East GLENWOOD DYER Road
Glenwood
Glenwood, IL
Updated September 9 at 6:34am UTC
2 Bedrooms
$1,000
15947 oak
Oak Forest
Oak Forest, IL
Updated September 1 at 10:02am UTC
2 Bedrooms
$1,600
14132 South Dearborn Street
Riverdale
Riverdale, IL
Updated August 29 at 10:57pm UTC
2 Bedrooms
$1,150
94 West 154th Street
Harvey
Harvey, IL
Updated August 28 at 7:25am UTC
2 Bedrooms
$725
15806 PEGGY Lane
Oak Forest
Oak Forest, IL
Updated August 24 at 11:15am UTC
2 Bedrooms
$1,100

September 2018 Park Forest Rent Report

Welcome to the September 2018 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 Park Forest Rent Report
Rent Report
Park Forest

September 2018 Park Forest Rent Report

Welcome to the September 2018 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 rents increased slightly over the past month

Park Forest rents have increased 0.2% over the past month, but have remained steady at 0.4% 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. This is the second straight month that the city has seen rent increases after a decline in June. Park Forest's year-over-year rent growth leads the state average of -0.5%, but trails the national average of 1.0%.

Rent trends vary across the Chicago Metro

Throughout the past year, rents have remained steady in the city of Park Forest, but trends across the metro have varied. Of the largest 10 cities that we have data for in the Chicago metro, half of them have seen decreases while the other half have been increasing. Here's a look at how rents compare across some of the largest cities in the metro.

  • Elgin has seen rents fall by 0.6% over the past month, the biggest drop in the metro. It also has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170.
  • Palatine has seen the fastest rent growth in the metro, with a year-over-year increase of 2.6%. The median two-bedroom there costs $1,340, while one-bedrooms go for $1,140.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,750; rents decreased 0.3% over the past year but remained flat month-over-month.

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.

  • Park Forest's median two-bedroom rent of $1,150 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.0% 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 Houston (+3.6%), San Francisco (+1.1%), and New York (+0.6%); note that median 2BR rents in these cities go for $1,030, $3,100, and $2,510 respectively.
  • Renters will find more reasonable prices in Park Forest than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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% -1.6%
Aurora $1,110 $1,300 -0.5% -0.0%
Joliet $1,020 $1,200 -0.3% -0.2%
Naperville $1,490 $1,750 -0.0% -0.3%
Elgin $990 $1,170 -0.6% -0.4%
Arlington Heights $1,240 $1,460 -0.3% -0.8%
Evanston $1,310 $1,540 -0.1% 0.8%
Schaumburg $1,370 $1,610 0.1% 1.7%
Palatine $1,140 $1,340 -0.6% 2.6%
Des Plaines $1,030 $1,220 0.0% 1.4%
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.