Average Rent in Oak Park, IL

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Current Versus Historical Oak Park, IL Rents

Oak Park rentals average $0 for a studio rental to $4,200 for a 4-bedroom rental. The median price of all currently available listings is $2,650, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $653 (55.48%) year-over-year from $1,176 to $1,829. 1-bedroom rentals prices have increased by $693 (49.29%) year-over-year from $1,407 to $2,100. 2-bedroom rentals prices have increased by $634 (30.76%) year-over-year from $2,061 to $2,695. 3-bedroom rentals prices have increased by $362 (14.84%) year-over-year from $2,438 to $2,800. 4-bedroom rentals prices have increased by $950 (29.23%) year-over-year from $3,250 to $4,200. 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 down by 16.35% this month. 1-bedroom rents have gone up by 23.59% this month. 2-bedroom rents have gone up by 8.60% this month. 3-bedroom rents have gone up by 9.38% this month. 4-bedroom rents have gone up by 10.57% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$4.51	$2,100	$1,407 (49.29%)	$1,588 (32.24%)
2 BR	$2.25	$2,695	$2,061 (30.76%)	$2,485 (8.47%)
3 BR	$1.74	$2,800	$2,438 (14.84%)	$2,037 (37.48%)
4+ BR	$2.27	$4,200	$3,250 (29.23%)	$2,748 (52.82%)

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 $2,650 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 $2,650, 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 $2,650 per month.

Let's compare Oak Park, IL's rent against other top cities nearby by bedroom size. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Oak Park, IL are on par with the other cities nearby. 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	N/A	$1,750	$2,625	$2,650

Top Neighborhoods Near Oak Park

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Oak Park

The average rent for rentals in these counties is $2,650. That's roughly around $2 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 $2,650. Vice versa, with an average rent of $2,650, Oak Park, IL is the most expensive county by Oak Park, IL.

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 on par with the other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Oak Park, IL	N/A	$1,750	$2,625	$2,650

Top Zipcodes Near Oak Park

There is one zipcode in or near Oak Park, IL. The average rent for this zipcode is $1,900.

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

Zipcode	Studio	1 Bed	2 Bed	All
60641, Chicago, IL	$1,100	$1,300	$1,750	$1,900

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 $2,650. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $1,750 and an average price per square feet of $4.51. There are a total of 23 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 $2,625 and an average price per square feet of $2.25. There are a total of 32 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 0.55%, one bedroom rental prices have changed by 0.49%, two bedroom rental prices have changed by 0.31%, and three bedroom rental prices have changed by 0.15% year-over-year.

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

A reasonable rent price in Oak Park, IL is around $2,120/month. You can search for these reasonably priced rental listings on RentHop.