Cheap Apartments for Rent in Aledo, IL from $500 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included

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.

Read Article
close
View Me
LaFayette Square
2 to 3 Bedroom Apartments

LaFayette Square

625 W 4th StDavenport, IA 52801
  • Utilities Included

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.

Read Article
close
View Me
Valley View
1 to 2 Bedroom Apartments

Valley View

4700 61st Street DrMoline, IL 61265
  • Utilities Included
Showing Results 1-34, Page 1 of 1

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 $525. RIVERWALK LOFTS in the Vander Veer Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $620. Here is today’s list of the most affordable Aledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$525
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$620
Beverly Manor Apartments1 Bedroom1BR,1BA$700
Cotton Mill Apartments1x11BR,1BA$700
Sherwood Forest Apartments1BR/1BA1BR,1BA$750
Butterworth Apartments1x11BR,1BA$750
Crescent LoftsIncome Restricted1BR,1BA$760
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$760
1215 24th Street Place - River Oaks Apartments1BR/1.0BA1BR,1BA$775
Pine Ridge1-sycam1BR,1BA$810

Best Value Apartments for Rent in Aledo, IL and Nearby

As of June 24, 2025 the best value apartment in the Aledo area is the $1.05 price per square foot 3 BR/ 2 BA Model at Bucktown Lofts in the in the Vander Veer Park neighborhood starting from $1,750. The second greatest value Aledo apartment is the 2bd/2ba Model at Davenport Bank Apartments starting at $1,400 with a $1.00 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bucktown Lofts3 BR/ 2 BA3BR,2BA$1.05
Davenport Bank Apartments2bd/2ba2BR,2BA$1.00
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$0.81
Colorado Senior Lofts 55+Two Bedroom2BR,1BA$1.18
LeClaireThe Gable1BR,1BA$1.19
Sherwood Forest Apartments1BR/1BA1BR,1BA$0.99
Cotton Mill Apartments1x11BR,1BA$1.00
1215 24th Street Place - River Oaks Apartments1BR/1.0BA1BR,1BA$1.11
Crescent LoftsIncome Restricted1BR,1BA$1.10
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.95

Quick 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.

decorative image of people with a giant lease agreement

Best Local Schools in
Aledo, IL

School data provided by Great Schools

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

Explore Aledo, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Aledo, IL

View MapAledo, IL Apartments MapView MapAledo, IL Rental Homes Map

Getting Around Aledo, IL

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Union Arcade Building listed at $875.

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

The lowest price for a Cheap One Bedroom Aledo Apartment is $620 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 $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 Timber Ridge Apartments and starts from $1,075.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.