What is the median rent in Park Forest, IL?

The median gross rent in Park Forest, IL is $1,365 (±$100) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 2,645 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Park Forest, the median gross rent went from $1,211 in 2015–2019 to $1,365 in 2020–2024 (+12.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median gross rent
$1,365 (±$100)
Rented homes
2,645 (±442)
$2,000 or more
12.3%
Since 2015–2019
+12.7%

How much rent costs in Park Forest

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rentPark ForestCook CountyIllinoisUnited States
Less than $5003.7% (±2.6 points)6.0%7.0%6.3%
$500 to $99922.1% (±10.1 points)14.5%23.5%20.2%
$1,000 to $1,49936.0% (±10.1 points)33.7%32.6%28.1%
$1,500 to $1,99926.0% (±7.5 points)22.0%18.7%21.1%
$2,000 to $2,4995.7% (±3.9 points)12.1%9.6%12.0%
$2,500 to $2,9990.6% (±0.9 points)5.6%4.1%5.5%
$3,000 or more6.0% (±6.1 points)6.1%4.4%6.8%

The most common range is $1,000 to $1,499, paid by 36.0% of renting households.

12.3% of rented homes in Park Forest cost $2,000 or more a month.

Park Forest against Cook County, its state and the nation

Estimate (90% margin of error)
Park ForestCook CountyIllinoisUnited States
Median gross rent$1,365 (±$100)$1,435 (±$7)$1,274 (±$5)$1,413
Rented homes paying rent2,645 (±442)859,046 (±6,982)1,587,238 (±10,609)42,849,984

In Park Forest, median gross rent is not measurably different from Cook County ($1,435).

It is not measurably different from Illinois ($1,274).

It is not measurably different from the national figure ($1,413).

In Cook County, Park Forest ranks 74 of 143 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 307 of 2,063.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Park Forest has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median gross rent$1,211 (±$76)$1,365 (±$100)+12.7%No measurable change after inflation
Households that rent40.1% (±3.7 points)34.2% (±5.2 points)−5.9 percentage pointsNot a measurable change
Rental vacancy rate8.4% (±4.8 points)3.9% (±3.5 points)−4.5 percentage pointsNot a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Park Forest

Nearest places with a published estimate, compared with Park Forest
PlaceDistanceMedian gross rentCompared with this place
Park Forest—$1,365 (±$100)—
South Chicago Heights2.6 mi$1,196 (±$198)Not measurably different
University Park2.8 mi$1,649 (±$161)Higher
Olympia Fields2.8 mi$3,500 or more—
Richton Park2.9 mi$1,294 (±$126)Not measurably different
Rich Township3.3 mi$1,434 (±$90)Not measurably different
Chicago Heights3.4 mi$1,038 (±$97)Lower
Matteson3.6 mi$1,580 (±$462)Not measurably different
Steger3.6 mi$1,076 (±$76)Lower

Nearby places with a measurably lower figure: Chicago Heights, IL ($1,038), Steger, IL ($1,076).

Nearby places with a measurably higher figure: University Park, IL ($1,649).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Cook County, place by place

RankPlaceMedian gross rent
68Brookfield$1,414 (±$94)
69Stone Park$1,412 (±$352)
70Dolton$1,384 (±$88)
71Posen$1,372 (±$185)
72Lynwood$1,368 (±$80)
73Forest Park$1,367 (±$82)
74Park Forest$1,365 (±$100)
75Orland Hills$1,359 (±$194)
76Bremen Township$1,358 (±$43)
77Niles$1,336 (±$48)
78Oak Lawn$1,335 (±$45)
79 (tie)Crestwood$1,334 (±$71)
79 (tie)Elmwood Park$1,334 (±$57)

Showing 13 of 143 places in Cook County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Park Forest

What is the average rent in Park Forest, IL?

The Census Bureau publishes the median rather than the average: the median gross rent in Park Forest is $1,365 (±$100) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Park Forest?

In Park Forest, the median gross rent went from $1,211 in 2015–2019 to $1,365 in 2020–2024 (+12.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Park Forest cost more than $2,000 a month?

12.3% of rented homes in Park Forest have a gross rent of $2,000 or more a month, and 3.7% cost less than $500.

Is rent in Park Forest higher than in Cook County?

In Park Forest, median gross rent is not measurably different from Cook County ($1,435).

It is not measurably different from Illinois ($1,274).

It is not measurably different from the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Park Forest village, Illinois (place:57732, in state:17).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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