Studio Condos for Rent in Oak Park, IL

/6
$2,029 Per Month
- Studio
- 1 Bath
- Condo for Rent
155 Forest Ave, Oak Park, IL 60301

Property Id: 2527722 Price is net effective of a special! Downtown location, walking distance to train. Large studio with in unit Laundry, hardwood floors and Quartz countertops. Please respond or email a link to this ad with the following information: When is your move date? (is it flexible, if so how far in either direction)? Do you have any pets? (weight and

155 Forest Ave, Oak Park, IL 60301
Explore Oak Park
/15
$1,100 Per Month
- Studio
- 1 Bath
- Condo for Rent
826 S Austin Blvd, Oak Park, IL 60304

Property Id: 813177 Well Maintained Courtyard Building Remodeled Studio with hardwood floors New Mini Blinds Professionally managed with on site full time maintenance engineer large laundry room Close proximity to Blue Line Cta line Close proximity to 290 expressway Heat included in rent!! Intercom System for access 650 Credit Score required

826 S Austin Blvd, Oak Park, IL 60304

Illinois Cook County

Frequently Asked Questions

How much does it cost to rent a condo in Oak Park, IL?

The median rent for a condo in Oak Park, IL is $1,950 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.

How much do you need to make to afford rent in Oak Park, IL?

To comfortably afford the median rent in Oak Park, IL, a household needs to earn roughly $92,000 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 $2,300 per month in Oak Park, IL, renters typically need to show $6,900 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 Oak Park, IL?

In Oak Park, IL, the price-to-rent ratio is 15.6, 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 Oak Park, IL are best for renting a condo?

The best neighborhood for renting in Oak Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include West Loop, River North, Magnificent Mile, Lakeview East and Humboldt Park, each with its own character and price range.

Condo Rental Trends in Oak Park, IL

There are currently 2 condos available for rent in Oak Park, IL. The median rent is $1,950 per month, with 1-bedroom condos renting at $1,595, 2-bedroom condos at $2,375 and 3-bedroom condos at $2,538.

Rental Home Trends

Number of Condos for Rent 2	Median Condo Rent $1,950
Median 1 Bedroom Condo Rent $1,595	Median 2 Bedroom Condo Rent $2,375
Median 3 Bedroom Condo Rent $2,538

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