Rental market snapshot for Oak Park, Illinois

Oak Park, Illinois Rental Property Market Overview

Oak Park, Illinois is a vibrant and diverse community located in the western suburbs of Chicago. According to the US Census, the population of Oak Park is 53,224 as of 2021. The village is known for its historic architecture, diverse population, and vibrant culture. It is home to many parks, restaurants, and shops, and is a popular destination for visitors and locals alike.

The average rent for an apartment in Oak Park is $2,086. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Oak Park Illinois | Cost of Living

  • The most expensive ZIP code in Oak Park is 60301 with an average price of $2,585.
  • The cheapest ZIP code in Oak Park is 60304 with an average price of $1,736.

Oak Park ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160301$2,585
260302$2,109
360304$1,736

Live near Oak Park, Illinois's Top Sights and Attractions

Ridgeland Common Recreation Complex is a sprawling outdoor recreation area located in the suburbs of Chicago. It features a variety of amenities, including a large outdoor pool, a playground, a skate park, a basketball court, a baseball diamond, and a picnic area. The complex also has a large open field, perfect for a game of Frisbee or a picnic. The area is well-maintained and provides a great place to spend the day with family and friends.

Rehm Park is a large outdoor recreational area located in the suburbs of a major Midwestern city. It features a variety of activities, including a large playground, a splash pad, a fishing pond, a disc golf course, and a walking path. The park also has several picnic areas, a pavilion, and a concession stand. It is a popular spot for families, friends, and visitors to enjoy the outdoors.

Village of Oak Park is a charming, historic neighborhood located just west of Chicago. It is known for its beautiful tree-lined streets, historic homes, and vibrant shopping and dining districts. The area is home to Frank Lloyd Wright's home and studio, as well as the Ernest Hemingway Museum. Visitors can explore the area's many parks, including the Oak Park Conservatory and the Scoville Park. The village is also home to a variety of cultural attractions, including the Oak Park Arts District, the Oak Park Public Library, and the Oak Park Historical Society.

Barrie Park is a picturesque outdoor space located in a residential area. It features a large pond with a fountain, a playground, a gazebo, and plenty of open green space for picnicking and playing. There are also walking paths, benches, and a variety of trees and shrubs. The park is a popular spot for families, joggers, and dog walkers.

The Senior Citizens Center of Oak Park & River Forest is a vibrant community center that offers a variety of activities and services for seniors. The center provides a wide range of programs and services, including educational classes, health and wellness programs, social activities, and volunteer opportunities. The center also offers a variety of recreational activities, such as arts and crafts, card and board games, and fitness classes. The center also hosts special events throughout the year, such as holiday parties, movie nights, and concerts. The center is a great place for seniors to stay active, socialize, and learn new skills.

Longfellow Park is a beautiful park located in a suburban area. It features a large pond with a fountain, a playground, a walking path, and a variety of trees and plants. The park also has a picnic area, a gazebo, and a pavilion. The park is a great place to relax, take a stroll, or have a picnic. It is also a popular spot for bird watching, as many species of birds can be seen in the area.

Taylor Park is a beautiful outdoor space located in a suburban area. It features a large pond, walking paths, and plenty of green space. There are also several picnic tables and benches scattered throughout the park, making it a great spot for a family outing. The park also offers a variety of activities, such as fishing, canoeing, and kayaking. In addition, there are several playgrounds and a basketball court for kids to enjoy.

Scoville Park is a beautiful, historic park located in a charming suburb of the Midwest. It features a large, grassy field, a playground, and a gazebo. There are also plenty of trees and benches for visitors to relax and enjoy the scenery. The park is also home to a variety of wildlife, including ducks, geese, and other birds. In addition, the park hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movie screenings.

Cheney Mansion is a historic estate located in a quiet residential neighborhood. The mansion was built in the late 19th century and features a unique blend of Queen Anne and Richardsonian Romanesque architectural styles. The mansion is surrounded by a lush garden and features a grand entryway, ornate woodwork, and stained glass windows. Inside, visitors can explore the many rooms, including the grand ballroom, library, and dining room. The mansion also houses a collection of period furniture and artwork.

Lindberg Park is a beautiful outdoor area located in a suburban neighborhood. It features a large pond with a fountain, walking paths, and plenty of green space for picnicking and relaxing. There is also a playground with swings, slides, and other fun activities for children. The park also has a gazebo and a pavilion for special events. The park is well-maintained and provides a great place to escape the hustle and bustle of everyday life.

Oak Park, Illinois area median rent change by ZIP code map

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How does Oak Park compare to other cities in Illinois?

citymedian price
Morton Grove$2,424
Broadview$2,300
Round Lake Beach$2,195
South Elgin$2,100
South Holland$1,900
Woodstock$1,745
Cicero$1,320
Carbondale$700

Average household income in Oak Park area graph - US Census

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The median household income in Oak Park in 2021 was $98,081. This represents a 30.6% change from 2011 when the median was $75,118.

#categorypercent
0Less than $10,0005.8%
1$10,000 to $14,9993.4%
2$15,000 to $19,9992.1%
3$20,000 to $24,9993.1%
4$25,000 to $29,9992.4%
5$30,000 to $34,9992.1%
6$35,000 to $39,9992.2%
7$40,000 to $44,9991.9%
8$45,000 to $49,9992.1%
9$50,000 to $59,9995.7%
10$60,000 to $74,9997.7%
11$75,000 to $99,99912.5%
12$100,000 to $124,9998.2%
13$125,000 to $149,9999.2%
14$150,000 to $199,99910.8%
15$200,000 or more20.8%

Neighborhoods in Oak Park

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Oak Park is $2,086.
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