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Olympia Fields, IL Homes for Rent

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    $3,200 Per Month

    • 4 Beds
    • 3 Baths
    • 2,700 Sq Ft
    • House for Rent

    21015 London Dr, Olympia Fields, IL 60461

    Tucked away in the sought-after Maynegaite community of Olympia Fields, this executive rental offers space, privacy, and a layout designed for both everyday living and entertaining. Set on an oversized lot just south of the historic Olympia Fields Country Club and conveniently located near US Route 30 (Lincoln Highway) and Indiana Street, this home features 4 spacious bedrooms and 3 bathrooms

    Alyssa Reils @properties Christie's International Real Estate

    21015 London Dr, Olympia Fields, IL 60461
  • /12

    $2,950 Per Month

    • 4 Beds
    • 2 Baths
    • House for Rent

    3718 211th Place, Matteson, IL 60443

    Discover your dream home in the heart of Matteson, IL! This stunning 4-bedroom, 2-bathroom residence offers an ideal blend of comfort and style, perfect for those seeking a serene living environment. Step inside to find spacious, sunlit rooms that create an inviting atmosphere, with modern finishes and ample storage throughout. The open-concept layout is perfect for entertaining or simply

    3718 211th Place, Matteson, IL 60443

Why Live in Olympia Fields

Olympia Fields, IL, a south Chicago suburb, began as a country retreat in the late 1800s for Chicago’s elite. Located about 30 miles south of downtown Chicago, it is accessible via the Metra commuter rail line. The village is anchored by the Olympia Fields Country Club, founded in 1915, which boasts two 18-hole courses, including the highly ranked North Course. The Tudor-style clubhouse with its 80-foot-high clock tower is a notable landmark. For outdoor enthusiasts, the Irons Oaks Forest Preserve offers trails, a climbing tower, and a high ropes course, while Bicentennial Park features a sledding hill, playground, and sports fields. Housing options range from 1950s ranch-style homes to contemporary custom-built houses, with prices generally between $300,000 and $600,000. The Traditions of Olympia Fields is a 55-plus community with amenities like a clubhouse and exercise facilities. Dining options include Shawn Michelle’s Homemade Ice Cream, known for its unique flavors, and Batter & Berries, famous for its French toast varieties. Bocce’s Bar and Grill provides a casual spot to watch sports. Commuting is convenient with Pace Suburban bus service and two Metra stops, offering a roughly one-hour ride to downtown Chicago. The Franciscan Health Olympia Fields Hospital, a certified teaching hospital for cancer treatment, serves the community.

Frequently Asked Questions

How much does it cost to rent a home in Olympia Fields, IL?
The median rent for a home in Olympia Fields, IL is $3,200 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Olympia Fields, IL?
To comfortably afford the median rent in Olympia Fields, IL, a household needs to earn roughly $128,000 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 $3,200 per month in Olympia Fields, IL, renters typically need to show $9,600 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 Olympia Fields, IL?
In Olympia Fields, IL, the price-to-rent ratio is 9.2, 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 Olympia Fields, IL are best for renting a home?
The best neighborhood for renting in Olympia Fields, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Old Matteson, Roosevelt-Cook County, West Matteson, Country Club and Hungry Hill, each with its own character and price range.

Rental Trends in Olympia Fields, IL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,200
Median Single Family Home Rent
$3,200
How to Rent a Home