
Cheap Apartments for Rent in Aledo, IL from $500 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Aledo.


407-407 SW 8th St

812 SW 9th St

Mayfair Manor

Century Woods Apartments

RIVERWALK LOFTS

PARKWAY ESTATES

Total Monthly Price
Welch Hotel Senior Apartments

Eagles Crest Apartments

Apartments on Main
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.

Sherwood Forest Apartments

Pershing Hill Lofts

Pine Ridge

Timber Ridge Apartments

Moline High School Lofts

Urbane 210

Total Monthly Price
Homewood Manor

River Ridge 2301-2325 University Drive

Cobblestone Apartments

Union Arcade Building
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.

Federal Point

Halligan Coffee Company Lofts

LeClaire

Marquee Apartments

Bucktown Lofts

Mississippi Lofts

Total Monthly Price
401 Brady St

The Penthouse Davenport

Spencer Towers
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.

1218 Cedar St

Cotton Mill Apartments

2020 Cedar St

LaFayette Square

3027 River Rd

Brookwood Apartments

801 5th St

604 W 3rd St

Butterworth Apartments

312 Pine St
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.

River Oaks Apartments

Colorado Senior Lofts 55+

2218 Emerald Dr

218 1/2 W 7th St

Valley View

2323-3030 31st Ave

3638 Johnson Ave

707-714 18th Avenue A

627 N Division St

1721 W 16th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Aledo, IL Local Guide

How much does it cost to rent an apartment in Aledo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Aledo Studio Apartments | $977 | $695 | $1,375 |
| Aledo 1 Bedroom Apartments | $1,067 | $615 | $1,805 |
| Aledo 2 Bedroom Apartments | $1,242 | $525 | $2,140 |
| Aledo 3 Bedroom Apartments | $1,399 | $815 | $2,400 |
| Aledo 4 Bedroom Apartments | $967 | $930 | $1,005 |
Browse Top Apartments in Aledo
See all Apartments in AledoExplore Aledo
Aledo, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $525. Century Woods Apartments in the Saukie neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here is today’s list of the most affordable Aledo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mayfair Manor | 2x1 | 2BR,1BA | $525 |
| Century Woods Apartments | 1 BR 1 Bath | 1BR,1BA | $615 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $650 |
| Welch Hotel Senior Apartments | Studio | Studio,1BA | $695 |
| Eagles Crest Apartments | 1 bed 1 bath with patio | 1BR,1BA | $700 |
| Apartments on Main | Studio | Studio,1BA | $750 |
| Sherwood Forest Apartments | 1BR/1BA | 1BR,1BA | $795 |
| Pershing Hill Lofts | Studio | Studio,1BA | $818 |
| Crescent Lofts | Income Restricted | 1BR,1BA | $824 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $825 |
Best Value Apartments for Rent in Aledo, IL and Nearby
As of April 07, 2026 the best value apartment in the Aledo area is the $1.12 price per square foot 3x2 Model at Halligan Coffee Company Lofts in the in the Vander Veer Park neighborhood starting from $1,525. The second greatest value Aledo apartment is the 1bd/1ba Model at Davenport Bank Apartments starting at $1,250 with a $1.04 price per square foot in the Vander Veer Park neighborhood. Here is today’s list of the best values for Aledo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Halligan Coffee Company Lofts | 3x2 | 3BR,2BA | $1.12 |
| Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $1.04 |
| LeClaire | The Hepburn | 2BR,1BA | $0.98 |
| Gordon-Van Tine Commons | 2 Bedroom | 2BR,2BA | $1.15 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.86 |
| Moline High School Lofts | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
| Sherwood Forest Apartments | 1BR/1BA | 1BR,1BA | $1.05 |
| Century Woods Apartments | 1 BR 1 Bath | 1BR,1BA | $0.82 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.19 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.99 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Aledo, IL
Apollo Elementary School
Mercer County High School
Mercer County Intermediate School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Aledo, IL Rentals by Map
See the most popular apartments and homes in Aledo, IL
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 $695.
How much is rent for a Cheap One Bedroom Aledo Apartment?
The lowest price for a Cheap One Bedroom Aledo Apartment is $615 at Century Woods Apartments.
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 $525 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 Century Woods Apartments and starts from $815.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
