Last updated
Average Rent in Oak Park 60301 & Rent Trends
Rent prices and market trends across 3 apartment communities in Oak Park 60301, Oak Park, IL. Updated daily.
Market Average
$2,010/mo
Lowest Available
$1,926/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
10
available now
Price Cuts This Week in Oak Park 60301
18 listed units across 3 buildings offering studio units in Oak Park 60301 dropped their asking rent in the past 7 days, an average cut of $161/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Emerson Apartments | Unit 2BR-1140, 2BR-1140 | $3,583 | $3,099 | $484 |
| The Emerson Apartments | Unit 2BR-1199, 2BR-1199 | $3,669 | $3,225 | $444 |
| The Emerson Apartments | Unit 2BR-1080, 2BR-1080 | $3,509 | $3,228 | $281 |
| The Emerson Apartments | Unit 1BR-676, 1BR-676 | $2,489 | $2,280 | $209 |
| The Emerson Apartments | Unit 1BR-750, 1BR-750 | $2,439 | $2,252 | $187 |
| The Emerson Apartments | Unit 1BR-815, 1BR-815 | $2,491 | $2,305 | $186 |
| The Emerson Apartments | Unit 1BR-754, 1BR-754 | $2,370 | $2,215 | $155 |
| The Emerson Apartments | Unit 0BR-584, 0BR-584 | $2,059 | $1,931 | $128 |
Oak Park 60301 vs Oak Park, IL Average
Oak Park 60301 is cheaper than the Oak Park, IL average by $398/mo (17%). The citywide average is $2,408/mo across all neighborhoods.
Is Rent Going Up or Down in Oak Park 60301?
As of September 2026, the average rent in Oak Park 60301 is $2,010 per month across 3 apartment communities and 10 available units.
The most affordable option is Oak Park Place starting at $1,926/mo. By unit type, a studio averages $2,010/mo.
Prices range from $1,926 to $2,259 per month. The most common price point is the $1,800 range, where 6 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Oak Park 60301
Rent Prices by Apartment in Oak Park 60301
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Oak Park Place | $1,926/mo | $1,935/mo | 3 | 4.4 |
| The Emerson Apartments | $1,931/mo | $1,971/mo | 2 | 4.4 |
| ReNew Oak Park | $1,949/mo | $2,071/mo | 5 | 4.3 |
Frequently Asked Questions About Rent in Oak Park 60301
What is the average rent in Oak Park 60301?
Is rent going up or down in Oak Park 60301?
What is the cheapest apartment in Oak Park 60301?
How many apartments are available in Oak Park 60301?
What salary do I need to live comfortably in Oak Park 60301?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$80,000/year
Based on the 30 percent rule, using our tracked average rent of $2,010/mo.
Comfortable income
$96,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,926/mo), you need to earn at least $77,000/year.
Median household income in Oak Park 60301 is $108,026 , about 12% above the comfortable-living threshold.
Cost of living in Oak Park 60301
Overall prices in Oak Park 60301 runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Oak Park 60301's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,010 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,631/mo |
Population
53,315
Median household income
$108,026
Census median rent
$1,456/mo
Census rent burden
27.7%
Median age
40.6
Mean commute
32 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Oak Park 60301 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Oak Park 60301 Apartments
Browse all 3 communities with daily-updated pricing and availability.