Average Rent in Oak Park, IL

Current Versus Historical Oak Park, IL Rents

Oak Park rentals average $1,100 for a studio rental to $2,675 for a 3-bedroom rental. The median price of all currently available listings is $1,399, or roughly $23 per square feet.

For the apartment units and housing in May 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $136 (-10.24%) year-over-year from $1,331 to $1,195. 1-bedroom rentals prices have increased by $3 (0.21%) year-over-year from $1,422 to $1,425. 2-bedroom rentals prices have increased by $30 (1.37%) year-over-year from $2,189 to $2,219. 3-bedroom rentals prices have increased by $73 (2.74%) year-over-year from $2,677 to $2,750. 4-bedroom rentals prices have decreased by $464 (-10.17%) year-over-year from $4,561 to $4,098. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.58% this month. 1-bedroom rents have gone down by 5.21% this month. 2-bedroom rents have gone up by 9.35% this month. 3-bedroom rents have gone up by 10.15% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$31	$1,195	$1,331 (-10.24%)	$1,602 (-25.41%)
1 BR	$22	$1,425	$1,422 (0.21%)	$1,958 (-27.21%)
2 BR	$22	$2,219	$2,189 (1.37%)	$2,747 (-19.22%)
3 BR	$23	$2,750	$2,677 (2.74%)	$3,232 (-14.91%)

Historical Rents in Oak Park, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Oak Park

There are a total of 1 cities nearby Oak Park. The average rent in Oak Park is currently $1,399 per month. Only one city nearby has an average rent lower than that. Our records show that Oak Park, IL, with an average rent of $1,399, is the most affordable city nearby. In contrast, the most expensive city near Oak Park, IL is Oak Park, IL. Monthly rents here are on average $1,399 per month.

Let's compare Oak Park, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Oak Park, IL is 0.23% more expensive than other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Oak Park, IL are about 2.06% more expensive. Finally, rent for three bedrooms are on par with the other cities nearby. Want more information? Check out the top 1 cities near Oak Park, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,098	$1,260	$1,660	$1,399

Top Neighborhoods Near Oak Park

There are a total of 1 neighborhoods in or near Oak Park. We've included all of these top 1 neighborhoods in or near Oak Park, IL in the following chart.

The average rent for these 1 neighborhoods in or near Oak Park, IL is currently around $1,153 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Oak Park, Austin has the most affordable average rent at $1,153 per month. Whereas, at $1,153 average rent per month, Austin is the most expensive neighborhood in or near Oak Park. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Austin, Chicago, IL	$890	$1,015	$1,195	$1,153

Top Counties Near Oak Park

There are a total of 1 counties located by Oak Park, IL. The average rent for rentals in these counties is $1,399. That's roughly around $23 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Oak Park, IL. It's average rent per month is $1,399. Vice versa, with an average rent of $1,399, Oak Park, IL is the most expensive county by Oak Park, IL.

Typically, rent for studios in Oak Park, IL is 0.23% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Oak Park, IL is on par with the other counties nearby. Finally, rent for two bedrooms in Oak Park, IL is 2.06% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,098	$1,260	$1,660	$1,399

Top Zipcodes Near Oak Park

There are a total of 2 zipcodes in or near Oak Park, IL. The average rent for all of these zipcodes is $1,295.

The following chart includes the top 2 zipcodes in Oak Park, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60644, Chicago, IL	$810	$995	$1,100	$1,090
60641, Chicago, IL	$1,150	$1,275	$1,550	$1,500

Frequently Asked Questions - Oak Park Average Rents

What is the average rent price in Oak Park, IL?

The average monthly rental price for Oak Park, IL apartments for rent is approximately $1,399. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Oak Park, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Oak Park, IL.

How much is a studio apartment in Oak Park, IL?

The average monthly rental price for studio apartments is $1,100 and an average price per square feet of $31.06. There are a total of 11 studio apartment listings currently available for rent in Oak Park.

How much is a one bedroom apartment in Oak Park, IL?

The average monthly rental price for one bedroom apartments is $1,260 and an average price per square feet of $22.17. There are a total of 20 one bedroom apartment listings currently available for rent in Oak Park.

How much is a two bedroom apartment in Oak Park, IL?

The average monthly rental price for two bedroom apartments is $1,695 and an average price per square feet of $21.54. There are a total of 15 two bedroom apartment listings currently available for rent in Oak Park.

How have rent prices in Oak Park, IL changed this year?

Rent prices for rentals in Oak Park, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.10%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.03% year-over-year.

What is a reasonable rent price in Oak Park, IL?

A reasonable rent price in Oak Park, IL is around $1,119/month. You can search for these reasonably priced rental listings on RentHop.