Cheap Homes for Rent in Addison, IL from $1,300 (17 Rentals)

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

property at 1043 S York Rd

$1,343

Total Monthly Price

Total Monthly Price

Base Rent
$1,343

Total Monthly Price
$1,343

1 Bedroom, 1 Bath Condo for Rent

Available Now

1043 S York Rd, Unit 301

1043 S York Rd
BensenvilleIL60106
property at 176 S Walnut St

$1,500 - $2,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,500

Total Monthly Price
$1,500 - $2,500

2 To 3 Bedroom Homes for Rent

Available Now

176 S Walnut St

BensenvilleIL60106

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 670 Marilyn Ave

$1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,825

Total Monthly Price
$1,825

2 Bedroom, 1 Bath Home for Rent

Available Now

670 Marilyn Ave

Glendale HeightsIL60139

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 436 W Division St

$1,975

Total Monthly Price

Total Monthly Price

Base Rent
$1,975

Total Monthly Price
$1,975

2 Bedroom, 1 Bath Condo for Rent

Available Now

436 W Division St, Unit 3

436 W Division St
Villa ParkIL60181

Addison, IL Local Guide

Cheapest Available Addison Apartments for Rent

 

The cheapest available apartment rental in Addison, IL is a 1 Bed unit found at Brook Forest Apartments in the Elmhurst City Centre neighborhood priced from $1,435. Elmhurst Terrace in the Elmhurst City Centre neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,439. Here is today’s list of the most affordable Addison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brook Forest Apartments1 Bedroom1BR,1BA$1,435
Elmhurst TerraceWhitaker1BR,1BA$1,439
Medinah Terrace Apartments1 Bed 1 Bath B Renovated1BR,1BA$1,530
Wilshire Towers Apartments1x11BR,1BA$1,550
Nazar1 bed / 1 bath1BR,1BA$1,600

Best Value Apartments for Rent in Addison, IL

As of June 23, 2026 the best value apartment in the Addison area is the $1.46 price per square foot 5N426 Rohlwing Rd Model at 5N426 Rohlwing Rd, Unit 1 in the in the Bristol Park neighborhood starting from $2,900. The second greatest value Addison apartment is the 2BR/2.0BA Model at Roselle Station Apartments starting at $2,627 with a $1.98 price per square foot . 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.
5N426 Rohlwing Rd, Unit 15N426 Rohlwing Rd2BR,2.5BA$1.46
Roselle Station Apartments2BR/2.0BA2BR,2BA$1.98
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$2.03
The BenningtonTen 30 Split2BR,2BA$1.85
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #7052BR,2BA$1.83
1045 David Dr, Unit 2W1045 David Dr2BR,1BA$1.70
533 Green Oaks Ct S, Unit 4533 Green Oaks Ct S2BR,1BA$1.75
Nazar1 bed / 1 bath1BR,1BA$1.88
Brook Forest Apartments1 Bedroom1BR,1BA$1.91
337 S Ardmore Ave, Unit 2337 S Ardmore Ave1BR,1BA$2.17

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article
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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Addison

What type of rentals are currently available in Addison?

There are currently 481 Apartments for Rent in Addison, IL with pricing that ranges from $1,295 to $5,151. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Addison ranging from $1,343 to $7,000.

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 $1,343 to $7,000 with an average monthly rent of $3,625.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.