Average Rent in Oak Park, IL

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Current Versus Historical Oak Park, IL Rents

Oak Park rentals average $2,623 for a 1-bedroom rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,695, or roughly $3 per square feet.
For the apartment units and housing in January 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $388 (36.58%) year-over-year from $1,062 to $1,450. 1-bedroom rentals prices have increased by $37 (2.59%) year-over-year from $1,413 to $1,450. 2-bedroom rentals prices have increased by $229 (12.25%) year-over-year from $1,871 to $2,100. 3-bedroom rentals prices have increased by $65 (2.48%) year-over-year from $2,625 to $2,690. 4-bedroom rentals prices have increased by $388 (12.50%) year-over-year from $3,100 to $3,488. 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 14.82% this month. 1-bedroom rents have gone down by 4.40% this month. 2-bedroom rents have gone down by 13.99% this month. 3-bedroom rents have gone up by 6.46% this month. 4-bedroom rents have gone down by 16.05% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $5.52 $1,450 $1,413 (2.59%) $1,618 (-10.40%)
2 BR $2.48 $2,100 $1,871 (12.25%) $2,379 (-11.74%)
3 BR $2.28 $2,690 $2,625 (2.48%) $2,026 (32.78%)
4+ BR $2.27 $3,488 $3,100 (12.50%) $3,300 (5.68%)

Historical Rents in Oak Park, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Oak Park



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Top Neighborhoods Near Oak Park



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Top Counties Near Oak Park



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Top Zipcodes Near Oak Park



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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 $2,695. 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 0 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 $2,623 and an average price per square feet of $5.52. There are a total of 16 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 $2,595 and an average price per square feet of $2.48. There are a total of 23 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 0.37%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.02% year-over-year.
What is a reasonable rent price in Oak Park, IL?
A reasonable rent price in Oak Park, IL is around $2,156/month. You can search for these reasonably priced rental listings on RentHop.
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