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Rental Market Trends in Oak Park, IL

What is the average rent in Oak Park, IL?

$1,634/month

Average Rent

699 Sq Ft

Average Apartment Size

+3.5%

Increase in the Last Year

As of June 2025, the average rent in Oak Park, IL is $1,634 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Oak Park rent prices are 0% higher than the national average. When you rent an apartment in Oak Park, you can expect to pay about $1,304 per month for a studio, $1,634 for a one-bedroom apartment, and around $2,361 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,599 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,304/month
477 Sq Ft
One Bedroom
$1,634/month
699 Sq Ft
Two Bedroom
$2,361/month
990 Sq Ft
Three Bedroom
$2,599/month
1,308 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,342/month
330 Sq Ft
Two Bedroom
$1,819/month
929 Sq Ft
Three Bedroom
$2,367/month
1,205 Sq Ft
Four Bedroom
$3,138/month
1,937 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,541/month
394 Sq Ft
Two Bedroom
$2,147/month
620 Sq Ft
Three Bedroom
$2,499/month
905 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$3,908/month
2,038 Sq Ft
Four Bedroom
$4,753/month
2,185 Sq Ft

How much has average rent changed in Oak Park, IL?

In the past year, rent has increased by 3.5%, which averages out to $58 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Oak Park, IL
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Oak Park, IL
Percentage*
Rent Range
1% Below $700/month
4% $700 - $1,000/month
59% $1,001 - $1,500/month
23% $1,501 - $2,000/month
14% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Oak Park?

Based on current rent prices, Ridgeland Oak Park Historic District and Frank Lloyd Wright Historic District" are the most affordable neighborhoods in Oak Park.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Ridgeland Oak Park Historic District
$2,319/month
746 Sq Ft
Frank Lloyd Wright Historic District
$2,682/month
789 Sq Ft

What are the most expensive neighborhoods in Oak Park?

Based on current rent prices, Frank Lloyd Wright Historic District and Ridgeland Oak Park Historic District" are the most expensive neighborhoods in Oak Park.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Frank Lloyd Wright Historic District
$2,682/month
789 Sq Ft
Ridgeland Oak Park Historic District
$2,319/month
746 Sq Ft

Which Oak Park neighborhoods have the most rentals available?

The neighborhoods in Oak Park with the most apartments available are Ridgeland Oak Park Historic District and Frank Lloyd Wright Historic District" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Ridgeland Oak Park Historic District
$2,319/month
746 Sq Ft
Frank Lloyd Wright Historic District
$2,682/month
789 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Oak Park, IL?

Because the average rent in Oak Park is $1,634, you’ll want to make about $5,446 per month or $65,352 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Oak Park, IL

1,305 Available Apartments for Rent

Search for Nearby Apartments

How does Oak Park, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Oak Park, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Oak Park, IL

Apartment Averages

Ridgeland Oak Park Historic District

Oak Park, IL

Frank Lloyd Wright Historic District

Oak Park, IL

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • River Forest Average Rent
  • Forest Park Average Rent
  • Elmwood Park Average Rent
  • Berwyn Average Rent
  • Cicero Average Rent
  • North Riverside Average Rent
  • River Grove Average Rent
  • Broadview Average Rent

Apartment communities in Oak Park we think you'll love

Eleven33

Eleven33

1133 South Blvd,
Oak Park, IL 60302

Studio - 3 Beds | $2,084 - $8,259

ReNew Oak Park

ReNew Oak Park

150 Forest Ave,
Oak Park, IL 60301

Studio - 2 Beds | $1,936 - $3,892

The Emerson

The Emerson

1135 Westgate St,
Oak Park, IL 60301

Studio - 2 Beds | $1,945 - $3,780

The Grove - Encore

The Grove - Encore

8000 O’Connor Dr,
River Grove, IL 60171

1-3 Beds | $2,480 - $4,350

Property Management Companies in Oak Park, IL

Green Plan - Oak Park Apartments
Green Plan - Oak Park Apartments
  • 12

    Communities

  • 529

    Units

  • 1

    City

12 Communities in Oak Park
Willow Bridge
Willow Bridge
  • 704

    Communities

  • 191,285

    Units

  • 328

    Cities

2 Communities in Oak Park
Village Green
Village Green
  • 175

    Communities

  • 37,453

    Units

  • 103

    Cities

2 Communities in Oak Park
Trinity Property Consultants
Trinity Property Consultants
  • 158

    Communities

  • 43,087

    Units

  • 98

    Cities

2 Communities in Oak Park
FPA Multifamily LLC
FPA Multifamily LLC
  • 30

    Communities

  • 5,789

    Units

  • 26

    Cities

2 Communities in Oak Park
Cushman & Wakefield
Cushman & Wakefield
  • 546

    Communities

  • 127,507

    Units

  • 280

    Cities

1 Community in Oak Park
Bozzuto
Bozzuto
  • 386

    Communities

  • 117,585

    Units

  • 154

    Cities

1 Community in Oak Park
Inland Real Estate
Inland Real Estate
  • 78

    Communities

  • 19,551

    Units

  • 58

    Cities

1 Community in Oak Park

Learn More with Helpful Articles

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United States Illinois Oak Park Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity