Rent in Oak Lawn, IL
Across Oak Lawn's 2 ZIP codes, a 2-bedroom typically rents for about $1,777 a month, with figures from $1,295–$2,011. The highest typical rent is in 60454 ($1,980) and the lowest in 60453 ($1,573). Owner-occupied homes in Cook County pay about 1.91% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,499 | $1,156–$1,678 | 2 |
| 1 bed | $1,596 | $1,242–$1,780 | 2 |
| 2 beds | $1,777 | $1,295–$2,011 | 2 |
| 3 beds | $2,327 | $1,825–$2,586 | 2 |
| 4 beds | $2,802 | $2,667–$2,954 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Oak Lawn ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Oak Lawn, IL?
- About $1,777 a month: the median of the typical rents in 2 ZIP codes, which range from $1,295–$2,011. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Oak Lawn, IL?
- About $1,596 a month: the median of the typical rents in 2 ZIP codes, which range from $1,242–$1,780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Oak Lawn, IL?
- About $2,327 a month: the median of the typical rents in 2 ZIP codes, which range from $1,825–$2,586. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Oak Lawn, IL?
- About $1,499 a month: the median of the typical rents in 2 ZIP codes, which range from $1,156–$1,678. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Oak Lawn, IL?
- About $2,802 a month: the median of the typical rents in 2 ZIP codes, which range from $2,667–$2,954. Figures are gross rent (rent plus tenant-paid utilities).
- Which Oak Lawn ZIP code has the highest rent?
- For a 2-bedroom, 60454 has the highest typical rent at $1,980 a month, and 60453 the lowest at $1,573.
- What is the property tax rate in Oak Lawn, IL?
- Owner-occupied homes in Cook County pay a typical 1.91% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Oak Lawn rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).