Cheap Homes for Rent in Addison, IL from $1,200 (15 Rentals)

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Search the lowest-cost Homes available for rent right now in Addison.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Addison, IL Local Guide

Cheapest Available Addison Apartments for Rent

 

The cheapest available apartment rental in Addison, IL is a 2 Beds unit found at 400 East in the Downtown Villa Park neighborhood priced from $625. 230 W Division St in the Downtown Villa Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Addison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
400 East2 Beds, 2 baths2BR,2BA$625
230 W Division St1 Bed 1 Bath1BR,1BA$1,150
Maple Crossing ApartmentsOne Bedroom1BR,1BA$1,300
Liberty Village1 Bed, 1 bath1BR,1BA$1,302
Brook Forest Apartments1 Bedroom1BR,1BA$1,350

Best Value Apartments for Rent in Addison, IL

As of June 16, 2025 the best value apartment in the Addison area is the $1.76 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the in the Bloomingdale Walk neighborhood starting from $2,338. The second greatest value Addison apartment is the 1B/1B w/Dining or Home Office Model at A&K Luxury Apartments starting at $1,925 with a $1.86 price per square foot in the Metra-Bensenville Station neighborhood. Here is today’s list of the best values for Addison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roselle Station Apartments2BR/2.0BA2BR,2BA$1.76
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$1.86
The BenningtonTen 302BR,2BA$1.74
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #2082BR,2BA$1.72
630 N Lincoln Ave, Unit TWO BEDS630 N Lincoln Ave2BR,1BA$1.75
803 E South Broadway Ave, Unit A803 E South Broadway Ave2BR,1BA$1.89
Marshall Place1BR/1.0BA1BR,1BA$1.94
Brook Forest Apartments1 Bedroom1BR,1BA$1.80
230 W Division St1 Bed 1 Bath1BR,1BA$1.69
400 East1 Bed, 1 bath1BR,1BA$1.72

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Addison

What type of rentals are currently available in Addison?

There are currently 482 Apartments for Rent in Addison, IL with pricing that ranges from $625 to $10,370. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Addison ranging from $1,290 to $6,450.

What is the current price range for Rental Homes in Addison?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Addison ranges from $1,290 to $6,450 with an average monthly rent of $3,006.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.