Rentometer, Inc. | Data as of 10/23/2025
Park Forest, Illinois, offers a welcoming blend of suburban charm and easy access to the Chicago metropolitan area. Known for its well‑maintained parks, tree‑lined streets, and a strong sense of community, the city provides residents with a tranquil environment while staying close to major highways, Metra rail service, and the scenic shores of Lake Michigan. Attractions such as the historic village center, the expansive Forest Preserves, and the Illinois Prairie Path make outdoor recreation a daily delight, appealing to families, professionals, and retirees alike.
The local rental market reflects Park Forest’s diverse housing stock, featuring both modern apartment complexes and spacious single‑family homes. Average rents start in the $1300s for one‑bedroom apartments, while larger four‑plus‑bedroom houses command rates in the $2400‑$2500 range, offering options for a wide range of budgets and lifestyle needs. Popular neighborhoods such as Harper Ridge, Oceanic, and the historic downtown district showcase a mix of contemporary apartments, well‑kept duplexes, and larger homes, each benefiting from proximity to schools, shopping centers, and public transit.
Residents enjoy a convenient blend of amenities, including the vibrant Park Forest Plaza, local eateries, and community events that foster a lively social atmosphere. With strong rental demand, quality housing choices, and a reputation for safety and community involvement, Park Forest remains an attractive destination for those seeking a balanced, affordable lifestyle in the heart of Illinois.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,298 | $1,322 | $1,199 - $1,365 | $1,229 - $1,350 |
| Apartment | 2 Bedroom | $1,370 | $1,552 | $800 - $1,575 | $1,530 - $1,575 |
| Apartment | 3 Bedroom | $1,866 | $1,885 | $1,790 - $1,925 | $1,790 - $1,925 |
| House | 2 Bedroom | $1,800 | $1,737 | $800 - $2,495 | $1,695 - $2,335 |
| House | 3 Bedroom | $2,170 | $2,125 | $1,600 - $2,700 | $2,000 - $2,400 |
| House | 4+ Bedroom | $2,469 | $2,400 | $2,000 - $4,000 | $2,300 - $2,600 |
In the current period, the average rent in Park Forest was $1,313 for 1 Bedroom, $1,657 for 2 Bedroom, $2,147 for 3 Bedroom, and $2,470 for 4+ Bedroom.
Data provided by Rentometer, Inc.