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32 Apartments under 1000 for rent in Park Forest, IL

Last updated October 15 at 10:14pm UTC
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
1 Bedroom
$950
2 Bedrooms
$1,050
3 Bedrooms
$1,250
394 Lincoln Highway
Chicago Heights
Chicago Heights, IL
Updated October 2 at 5:19am UTC
2 Bedrooms
$925
Results within 5 miles of Park Forest, IL
22 W 37th St
Steger
Steger, IL
Updated October 13 at 11:11am UTC
2 Bedrooms
$850
128 E Joe Orr Rd
Arterial Hill
Chicago Heights, IL
Updated October 12 at 7:12pm UTC
2 Bedrooms
$900
3020 Union Ave
Steger
Steger, IL
Updated October 12 at 11:10am UTC
1 Bedroom
$725
1316 175th St
Hazel Crest
Hazel Crest, IL
Updated October 12 at 2:35am UTC
2 Bedrooms
$975
1316 175th St
Hazel Crest
Hazel Crest, IL
Updated September 27 at 5:40pm UTC
1 Bedroom
$750
18101 Martin Ave
Downtown Homewood
Homewood, IL
Updated September 20 at 5:40pm UTC
1 Bedroom
$900
Results within 10 miles of Park Forest, IL
14131 South Tracy Avenue
Riverdale
Riverdale, IL
Updated October 15 at 5:15pm UTC
2 Bedrooms
$850
14501 Lamon Ave
Midlothian
Midlothian, IL
Updated October 15 at 1:40am UTC
1 Bedroom
$925
17735 Park 3
Lansing
Lansing, IL
Updated October 11 at 11:10am UTC
2 Bedrooms
$925
17385 70th Ave
Rauhoff
Tinley Park, IL
Updated October 11 at 2:00am UTC
2 Bedrooms
$975
17373 70th Ave
Rauhoff
Tinley Park, IL
Updated October 9 at 6:02pm UTC
1 Bedroom
$880
14618 Keystone Ave
Midlothian
Midlothian, IL
Updated October 3 at 10:39am UTC
2 Bedrooms
$975
14700 Turner Ave
Midlothian
Midlothian, IL
Updated September 27 at 5:44pm UTC
2 Bedrooms
$999
14100 S Tracy Ave
Riverdale
Riverdale, IL
Updated September 27 at 11:55am UTC
2 Bedrooms
$885
18335 Sherman St
Lansing
Lansing, IL
Updated September 24 at 6:25pm UTC
3 Bedrooms
$975
17385 70th Ave
Rauhoff
Tinley Park, IL
Updated September 20 at 2:12am UTC
1 Bedroom
$875
14133 S School St
Riverdale
Riverdale, IL
Updated September 19 at 12:33pm UTC
2 Bedrooms
$850
13512 Chatham St
Blue Island
Blue Island, IL
Updated October 15 at 5:52pm UTC
2 Bedrooms
$850
3625 147th St
Midlothian
Midlothian, IL
Updated October 15 at 2:45pm UTC
2 Bedrooms
$975
18550 Torrence Ave
Lansing
Lansing, IL
Updated October 6 at 10:24am UTC
1 Bedroom
$800

October 2018 Park Forest Rent Report

Welcome to the October 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

October 2018 Park Forest Rent Report

Welcome to the October 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, and have increased marginally by 0.5% in comparison to the same time last year. Currently, median rents in Park Forest stand at $980 for a one-bedroom apartment and $1,160 for a two-bedroom. This is the third 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 -0.3%, but trails the national average of 0.9%.

Rents falling across the Chicago Metro

While rents prices have increased in Park Forest over the past year, the rest of the metro is seeing the opposite trend. Of the largest 10 cities that we have data for in the Chicago metro, 6 of them have seen prices fall. Here's a look at how rents compare across some of the largest cities in the metro.

  • Elgin has seen rents fall by 1.1% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,160.
  • Palatine has seen the fastest rent growth in the metro, with a year-over-year increase of 1.5%. 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 0.1% over the past month but remained flat year-over-year.

Park Forest rents more affordable than many large cities nationwide

As rents have increased in Park Forest, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Park Forest is still more affordable than most large cities across the country.

  • Park Forest's median two-bedroom rent of $1,160 is slightly below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 0.5% increase in Park Forest.
  • While Park Forest's rents rose over the past year, some cities nationwide saw decreases, including Baltimore (-2.3%) and St. Louis (-0.3%).
  • Renters will find more reasonable prices in Park Forest than most large cities. For example, San Francisco has a median 2BR rent of $3,110, 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 -0.1% -0.9%
Aurora $1,100 $1,290 -0.7% -0.6%
Joliet $1,010 $1,190 -0.4% -0.8%
Naperville $1,490 $1,750 -0.1% 0.2%
Elgin $990 $1,160 -0.5% -1.1%
Arlington Heights $1,230 $1,450 -0.4% -0.9%
Evanston $1,300 $1,530 -0.4% -0.4%
Schaumburg $1,370 $1,610 -0.4% 1.3%
Palatine $1,140 $1,340 -0.6% 1.5%
Des Plaines $1,030 $1,210 -0.2% 1.1%
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.