Albion Oak Park
1000 Lake St,
Oak Park, IL 60301
Studio - 3 Beds | $1,898 - $4,817
Rental Market Trends in Oak Park, IL
Updated September 2026
The average rent in Oak Park, IL is $1,675/month.
Rent in Oak Park is roughly equal to the national average rent of of $1,664/month.
$1,675/month
Average Rent
703 Sq Ft
Average Size
+2.9%
Change / Year
769
Available Apartments
Oak Park rent varies by unit size and layout:
- Studio apartments in Oak Park average $1,423 per month.
- One-bedroom apartments in Oak Park average $1,675 per month.
- Two-bedroom apartments in Oak Park average $2,406 per month.
- Three-bedroom apartments in Oak Park average $2,686 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Oak Park, IL?
In the past year, rent has increased by 2.9%, which averages out to $48 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Oak Park, IL
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
2%
$700 - $1,000/month
54%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
13%
Above $2,000/month
What salary do I need to live comfortably in Oak Park, IL?
Because the average rent in Oak Park is $1,675, you’ll want to make about $5,583 per month or $66,996 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.
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.
View the Oak Park Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
River Forest
Avg Rent: $1,247/month
-
Forest Park
Avg Rent: $1,250/month
-
Maywood
Avg Rent: $1,043/month
-
Elmwood Park
Avg Rent: $1,041/month
-
Berwyn
Avg Rent: $986/month
-
Cicero
Avg Rent: $858/month
-
North Riverside
Avg Rent: $878/month
-
River Grove
Avg Rent: $1,233/month
-
Broadview
Avg Rent: $1,137/month
Apartment Communities in Oak Park We Think You'll Love
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Frequently Asked Questions
What is the average rent in Oak Park?
The average rent in Oak Park is $1,675 per month, which is 0.7% higher than the national average of $1,664.
What is the average rent for a house in Oak Park?
The average rent for a house in Oak Park, IL is $2,609 per month.
What is the average rent for a townhome in Oak Park?
The average rent for a townhome in Oak Park, IL is $1,959 per month.
What is the average rent for a condo in Oak Park?
The average rent for a condo in Oak Park, IL is $1,643 per month.
Are rents going up or down in Oak Park?
Rents in Oak Park, IL are increasing, with prices up 2.9% year-over-year and $48 more per month.
What rent range is most common in Oak Park?
In Oak Park, IL, 54% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.