Average Rent in Oak Park, IL (2026)

Typical asking rent in Oak Park is $1,851. Across the 3 ZIP codes with data it runs from $1,593 to $2,394, so which side of town you buy on matters as much as the city average. Data as of July 2026.

Median rent
$1,851
Average rent
$1,946
Lowest ZIP
$1,593
Highest ZIP
$2,394

Rent by ZIP code in Oak Park

ZIP codeCountyTypical rentvs city median
60301Cook County$2,394+29%
60302Cook County$1,8510%
60304Cook County$1,593-14%

Rent by bedroom count in Oak Park

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Cook County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for. Cook County uses Small Area FMRs, and the two bedroom figure runs from $1,820 to $3,020 depending on the Oak Park ZIP code.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$1,678+13.4%
1 bedroom$1,780+12.6%
2 bedroom$2,011+12.9%
3 bedroom$2,586+12.7%
4 bedroom$2,954+11.3%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Oak Park?

Typical rent across Cook County is $2,272 as of August 2026. That is up 5.5% from a year earlier and up 35.3% over five years.

YearTypical rent, Cook CountyChange
2021$1,740+9.5%
2022$1,875+7.7%
2023$1,971+5.1%
2024$2,070+5.0%
2025$2,188+5.7%
2026 (through August)$2,272+3.8%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Oak Park rent questions

What is the average rent in Oak Park, IL?
Typical asking rent in Oak Park is $1,851 a month as of July 2026, across 3 ZIP codes. By ZIP code it runs from $1,593 to $2,394.
How much is rent for a 2 bedroom in Oak Park?
HUD's FY2027 Fair Market Rent for a two bedroom in Cook County is $2,011 a month including utilities. A one bedroom is $1,780 and a three bedroom is $2,586. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Oak Park?
Rent is rising. Typical rent in Cook County is $2,272 as of August 2026, up 5.5% from a year earlier.
What is the cheapest ZIP code to rent in Oak Park?
ZIP 60304 has the lowest typical asking rent in Oak Park at $1,593 a month, compared with $1,851 for the city overall.
How much income do you need to rent in Oak Park?
Most landlords look for gross income of about three times the rent. At the typical Oak Park rent of $1,851, that is about $5,553 a month, or $66,636 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Oak Park sits in the Chicago-Naperville-Elgin, IL-IN-WI metro area.

Other Illinois cities

Would a rental in Oak Park cash flow?

Start the analyzer with the Oak Park median rent of $1,851 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.