Oak Park renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Oak Park is about $1,041 per month. This puts it in the 71st percentile compared to the city average cost of rent, which is $1,036. Households in Oak Park have a median income of $5,633 per month so the average renter in Oak Park is spending roughly 18% of their earnings on housing.
Nationally, and in Oak Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oak Park is $111,235 right now, which is lower than nearby neighborhoods, meaning that rents in Oak Park also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Oak Park while lower rent rates are often available in eastern areas.
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