Rent in Park Forest, IL
A 2-bedroom in Park Forest, IL (ZIP 60466) typically rents for about $1,699 a month, with a range of $1,417–$1,980. 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 | $1,650 | $1,650–$1,678 | 1 |
| 1 bed | $1,448 | $1,145–$1,750 | 1 |
| 2 beds | $1,699 | $1,417–$1,980 | 1 |
| 3 beds | $2,047 | $1,544–$2,550 | 1 |
| 4 beds | $2,910 | $2,910–$2,954 | 1 |
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).
Park Forest ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Park Forest, IL?
- About $1,699 a month: the median of the typical rents in 1 ZIP code, which range from $1,417–$1,980. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Park Forest, IL?
- About $1,448 a month: the median of the typical rents in 1 ZIP code, which range from $1,145–$1,750. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Park Forest, IL?
- About $2,047 a month: the median of the typical rents in 1 ZIP code, which range from $1,544–$2,550. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Park Forest, IL?
- About $1,650 a month: the median of the typical rents in 1 ZIP code, which range from $1,650–$1,678. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Park Forest, IL?
- About $2,910 a month: the median of the typical rents in 1 ZIP code, which range from $2,910–$2,954. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Park Forest, 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 Park Forest 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).