Rents are right about where Oak Park's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,086 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Oak Park, IL is majority owner-occupied, has a median income above the national average, 72.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Oak Park, IL has changed in 5 years
Since 2021, the typical rent in Oak Park, IL has climbed from $1,596 to $2,086, a 30.7% change over five years. Local incomes tracked alongside that move, going from a median of $98,081 in 2021 to $110,820 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.5% since 2021, moving from about 54,100 residents to roughly 53,292. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Oak Park, IL market of 2021.
Discussions about Oak Park
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Can you afford rent in Oak Park on your salary?
At $2,086/mo, how Oak Park rent compares to typical pay (30% rule).
Oak Park rent by bedroom count
Median rent for each apartment size in Oak Park. Click any size for full breakdown.
Tips for renters in Oak Park
Last updated: August 17, 2026
The median rent in Oak Park is $2,086/mo as of August 2026. A studio apartment averages $1,683/mo while a 2-bedroom runs $2,030/mo. One-bedroom apartments average $1,797/mo and 3-bedroom units go for $2,607/mo.
At 23% of local median household income ($110,820/yr), Oak Park ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.
Frequently asked questions
Is Oak Park an affordable city for renters?
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Is rent going up or down in Oak Park?
Which Oak Park neighborhoods have the lowest rent?
How does Oak Park rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Oak Park?
What percentage of Oak Park residents rent vs. own?
How does Oak Park rent compare to the national average?
At $2,086/mo, rent takes ~23% of Oak Park's median household income ($110,820/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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