Rent to own Homes in Forest Park, IL

The village of Forest Park spans only 2.4 square miles of land, but it is home to over 14,000 residents. Part of Cook County, Illinois, Forest Park is considered a suburb of the nearby city of Chicago. This small town community boasts a beautiful Park District, plenty of eating establishments, and was recently voted "Best Neighborhood Dining" by readers of the Chicago Tribune.

Forest Park, IL is a great place for affordable rent-to-own homes! With a median household income of over $70,670 and a median rent of $1,130, the Forest Park, IL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Forest Park, IL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Forest Park, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
7350 N RIDGE BLVD #22C
Rent To Own
West Rogers Park
Townhouse/Condo
Chicago, IL 60645
3
2
0 ft2
1930
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
7403 N HOYNE AVE #1
Rent To Own
Rogers Park
Townhouse/Condo
Chicago, IL 60645
2
2
800 ft2
1930
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
222 N COLUMBUS DR #3203
Rent To Own
The Loop
Townhouse/Condo
Chicago, IL 60601
2
2
1225 ft2
2001
240 E ILLINOIS ST #1708
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
2
2
1293 ft2
2005
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
3648 WHITE EAGLE DR
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
5
3
2896 ft2
1996
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
1200 WESTFIELD WAY
Rent To Own
Town And Country
Single Family Home
Mundelein, IL 60060
4
3
3379 ft2
1997
2301 SUMMERLIN DR
Rent To Own
 
Single Family Home
Aurora, IL 60503
2
2
0 ft2
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
5465 MARYLAND ST
Rent To Own
 
Single Family Home
Merrillville, IN 46410
3
2
1512 ft2
1957
541 W 67TH LN
Rent To Own
 
Single Family Home
Merrillville, IN 46410
4
2
1834 ft2
1961
Hot
2008 TYLER TRL
Rent To Own
Mchenry
Single Family Home
Mchenry, IL 60051
3
3
1981 ft2
2006
1 of 11 2322 S 2ND AVE
Rent To Own
North Riverside
Single Family Home
Riverside, IL 60546
2
2
1070 ft2
1950
366 DOWNING RD
Rent To Own
Riverside
Single Family Home
Riverside, IL 60546
5
4
3450 ft2
1943
1 of 26 1245 So.12th Ave
Rent To Own
Seminary District
Multifamily (2 - 4 Units)
Maywood, IL 60153
3
2
1538 ft2
1929
1 of 26 1401 WILLIAM ST
Rent To Own
 
Single Family Home
River Forest, IL 60305
5
4
3920 ft2
1952
1610 N 9TH AVE
Rent To Own
Melrose Park
Single Family Home
Melrose Park, IL 60160
4
3
1918 ft2
1956
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Popular Zip Codes in Forest Park, IL

60130 rent to own homes

Buying a Home in Forest Park, IL

Forest Park, IL is seeing rapid growth and Forest Park, IL's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Forest Park, IL is part of Cook county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cook is 1.38% which is above the national average, which is 0.99%.

Median Home Price in Forest Park, IL

Median Rent in Forest Park, IL

Rent to own homes offer low monthly payments and flexible terms.

Top 5 Reasons to Live in Forest Park, IL

Fun festivals throughout the year! Forest Park offers a lot of community-wide events to residents. In October, visit Beloit, south of Madison Street, for the annual Casket Race! During December, enjoy the Holiday Walk in downtown Forest Park. This village also hosts an annual Ribfest on Madison Street that includes barbecue rib contests, tastings and live music.

Beautiful Park District! Forest Park boasts a lovely Park District that includes an Aquatic Center with water slides, a sand play area, a spray park, and a beach-like, zero-entry area -- it's located on Harrison Street. The Park District also hosts the Midwest's No Glove Nationals Invitational Softball Tournament every year at the end of July. It is a favorite among residents and brings lots of excitement to the village!

Live among historic homes! Most of the homes in Forest Park were built before 1939, so those who appreciate historic architecture will do well here. Looking for a small, rent to own home? Check out the areas around Jackson Boulevard and Des Plaines Avenue. This neighborhood is close to the Forest Park train station, located just off of Van Buren Street.

Steady home appreciation rates! Homes in Forest Park are steadily gaining value at a rate that is faster than the rest of the country. In the last year, home values have risen almost 11%. Purchasing a house in Forest Park is a good investment. Start your search for a home around Roosevelt Road or Forest Park Plaza to find the best deals.

Support thriving small businesses! Forest Park's main business district is located along Madison Street. It would be hard to find a more eclectic and interesting group of shops and restaurants outside of a big city. Grab a table at Starship, a Star-Trek themed sandwich joint, and chow down on the joint's namesake -- a sub that's described as the "biggest and best sandwich in our galaxy." Then, make a visit to Casa de Puros, a high-end tobacco shop that features a huge selection of cigars and a smoking lounge for customers.