15805 Peggy Lane
15805 Peggy Ln,
Oak Forest, IL 60452
3 Beds | $1,790
Rental Market Trends in Oak Forest, IL
What is the average rent in Oak Forest, IL?
$1,094/month
Average Rent
602 Sq Ft
Average Apartment Size
+2.3%
Increase in the Last Year
As of November 2024, the average rent in Oak Forest, IL is $1,094 per month. This is 30% lower than the national average rent of $1,559/month, making renting in Oak Forest more affordable than most cities in the US. When you rent an apartment in Oak Forest, you can expect to pay about $734 per month for a studio, $1,094 for a one-bedroom apartment, and around $1,754 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,382 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Oak Forest, IL?
In the past year, rent has increased by 2.3%, which averages out to $26 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Oak Forest, IL
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
56%
$700 - $1,000/month
33%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
6%
Above $2,000/month
What salary do I need to live comfortably in Oak Forest, IL?
Because the average rent in Oak Forest is $1,094, you’ll want to make about $3,646 per month or $43,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Oak Forest, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Oak Forest, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Oak Forest we think you'll love
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.