
Cheap Homes for Rent near Aledo, IL from $700 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Aledo.


2201 W 2nd St

604 W 3rd St

114 S Mississippi St

2505-2515 15th St

1195 27th St

1124 1/2 3rd St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

338 Cemetery Ln

2218 Emerald Dr

1527 W 6th St

2325 McKinley Ave

2424 Park Ave

605 W 3rd St

1607 W 2nd St
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.

3032 Indian Rd

1326 38th St

4931 Abrams Dr

3110 24th St

4341 11th St

421 N Brady St

621 7th Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

472 5th St E
Aledo, IL Local Guide

How much does it cost to rent a home in Aledo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Aledo 2 Bedroom Homes for Rent | $943 | $700 | $1,350 |
| Aledo 3 Bedroom Homes for Rent | $1,391 | $907 | $1,890 |
| Aledo 4 Bedroom Homes for Rent | $1,862 | $1,500 | $2,750 |
Browse Top Homes for Rent in Aledo
Explore 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mayfair Manor | 2x1 | 2BR,1BA | $550 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $650 |
| Welch Hotel Senior Apartments | Studio | Studio,1BA | $650 |
| PARKWAY ESTATES | 1 Bedroom 1 Bath | 1BR,1BA | $690 |
| Eagles Crest Apartments | 1 bed 1 bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Aledo, IL and Nearby
As of July 24, 2026 the best value apartment in the Aledo area is the $1.12 price per square foot Towne and Country Home Model at Towne & Country in the starting from $1,600. 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. |
|---|---|---|---|
| Towne & Country | Towne and Country Home | 3BR,2BA | $1.12 |
| Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $1.04 |
| Bucktown Lofts | 1 BR/ 1 BA | 1BR,1BA | $0.84 |
| Homewood Manor | b1 | 2BR,1.5BA | $1.01 |
| Halligan Coffee Company Lofts | 2x1 | 2BR,1BA | $0.93 |
| Crescent Lofts | Market 1 bed 1.5 bath | 1BR,1.5BA | $1.19 |
| PARKWAY ESTATES | 1 Bedroom 1 Bath | 1BR,1BA | $0.95 |
| Eagles Crest Apartments | 1 bed 1 bath | 1BR,1BA | $1.07 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.19 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,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.
Read ArticleReal 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.
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 Aledo
What type of rentals are currently available in Aledo?
There are currently 59 Apartments for Rent in Aledo, IL with pricing that ranges from $550 to $3,300. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Aledo ranging from $700 to $2,750.
What is the current price range for Rental Homes in Aledo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Aledo ranges from $700 to $2,750 with an average monthly rent of $1,196.
How much are larger Three and Four Bedroom Rentals in Aledo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Aledo range from $815 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $907 to $1,890. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $930.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.

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.

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.