Cheap Apartments for Rent in Aledo, IL from $500 (62 Rentals)

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Search the lowest-cost Apartments available for rent right now in Aledo.

property at 708 SW 6th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

708 SW 6th St

AledoIL61231

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.

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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.

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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.

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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included
property at 604 W 3rd St

$700 - $750

1 Bedroom Rentals

Available Now

604 W 3rd St

DavenportIA52801

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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Valley View
1 to 3 Bedroom Apartments

Valley View

4700 61st Street DrMoline, IL 61265
  • Utilities Included
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2323-3030 31st Ave
2 Bedroom Apartments

2323-3030 31st Ave

2323-3030 31st AveRock Island, IL 61201
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Aledo, IL Local Guide

Cheapest Available Aledo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Aledo, IL is a 2 Beds unit found at Mayfair Manor priced from $550. RIVERWALK LOFTS in the Vander Veer Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Aledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$550
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Welch Hotel Senior ApartmentsStudioStudio,1BA$650
Eagles Crest Apartments1 bed 1 bath1BR,1BA$750
Apartments on MainStudioStudio,1BA$750
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$805
Pine Ridge1-norwa1BR,1BA$805
Pershing Hill LoftsStudioStudio,1BA$818
Crescent LoftsIncome Restricted1BR,1BA$824
Timber Ridge Apartments1BR/1.0BA1BR,1BA$825

Best Value Apartments for Rent in Aledo, IL and Nearby

As of July 14, 2026 the best value apartment in the Aledo area is the $1.23 price per square foot 3 Bedroom Model at Gordon-Van Tine Commons in the in the Vander Veer Park neighborhood starting from $1,778. The second greatest value Aledo apartment is the Towne and Country Home Model at Towne & Country starting at $1,600 with a $1.12 price per square foot . Here is today’s list of the best values for Aledo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gordon-Van Tine Commons3 Bedroom3BR,2BA$1.23
Towne & CountryTowne and Country Home3BR,2BA$1.12
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
Homewood Manorb1r2BR,1.5BA$1.07
Halligan Coffee Company Lofts2x12BR,1BA$1.00
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$0.86
Crescent LoftsMarket 1 bed 1.5 bath1BR,1.5BA$1.19
Eagles Crest Apartments1 bed 1 bath1BR,1BA$1.07
Timber Ridge Apartments1BR/1.0BA1BR,1BA$1.19
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99

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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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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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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Best Local Schools in
Aledo, IL

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Aledo Apartments

What is the Cheapest Studio apartment in Aledo?

Currently the most affordable Cheap Studio Apartment in Aledo is at Welch Hotel Senior Apartments listed at $650.

How much is rent for a Cheap One Bedroom Aledo Apartment?

The lowest price for a Cheap One Bedroom Aledo Apartment is $650 at RIVERWALK LOFTS.

What is the lowest price for a Cheap Two Bedroom Aledo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Aledo is starting from $550 at Mayfair Manor.

What is the most affordable Aledo Three Bedroom Apartment?

The best deal on a cheap Aledo Three Bedroom Apartment rental is at Eagles Crest Apartments and starts from $1,095.

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.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.