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Studio Apartments for Rent in Elmwood Park, IL

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  • /19

    Starting at $1,300 Per Month

    • Studio - 1 Bed

    7520 W Grand Ave, Elmwood Park, IL 60707

    Beautiful one bedroom and studio apartments for rent with PRIVATE balcony in the heart of downtown Elmwood Park. The units features newer cabinets, granitite countertop, stainless steal appliances including oven/stove, dishwasher, microwave, refrigerator with hardwood floors throughout. Elevatored building with dial by name tenant directory. Walking distance from the Elmwood Park Metra or Grand

    (224) 478-0407

    7520 W Grand Ave, Elmwood Park, IL 60707
  • /13

    $1,300 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    7300 W North Ave Unit 4E, Elmwood Park, IL 60707

    (708) 787-4586

    7300 W North Ave Unit 4E, Elmwood Park, IL 60707
  • /15

    $1,300 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    7300 W North Ave Unit 2B, Elmwood Park, IL 60707

    (708) 381-2370

    7300 W North Ave Unit 2B, Elmwood Park, IL 60707

Why Live in Elmwood Park

Elmwood Park, located in Cook County, Illinois, is a diverse and bustling village known for its vibrant community events, robust shopping and dining scene, and convenient commute options. The village hosts year-round activities at Conti Parkway, including popular events like the annual car show, summer concert series, and seasonal celebrations such as breakfast with Santa and Halloween parties. Central Park offers movies in the park and playground fun, while Schiller Woods Nature Preserve provides scenic trails for hiking and biking. Elmwood Park High School is highly rated, contributing to the appeal for families. Dining options are plentiful, with Restaurant Row on North Avenue featuring a variety of ethnic restaurants, including Donny G’s Ristorante and Bar and Johnnie's Beef. Shopping is convenient with Harlem Irving Plaza and Norridge Commons offering numerous retail stores. Residents can easily commute via the Kennedy Expressway and Eisenhower Expressway, both approximately 7 miles away, or utilize public transit options like the Milwaukee Road metro train and local bus routes. Housing in Elmwood Park includes brick bungalows, condos, two-flats, and modern French ranches, with homes selling quickly due to high demand. The village also boasts low crime risk areas compared to the national average, making it a practical choice for potential home buyers.

Frequently Asked Questions

How much does it cost to rent a home in Elmwood Park, IL?
The median rent for a home in Elmwood Park, IL is $1,595 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Elmwood Park, IL?
To comfortably afford the median rent in Elmwood Park, IL, a household needs to earn roughly $63,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,595 per month in Elmwood Park, IL, renters typically need to show $4,785 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Elmwood Park, IL?
In Elmwood Park, IL, the price-to-rent ratio is 18.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Elmwood Park, IL are best for renting a home?
The best neighborhood for renting in Elmwood Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Lakeview East, River North, Austin, Irving Park and Logan Square, each with its own character and price range.

Rental Trends in Elmwood Park, IL

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,595
Median Single Family Home Rent
$2,625
Median Townhouse Rent
$1,575
Median Condo Rent
$1,550
How to Rent a Home