
Cheap Homes for Rent near Aledo, IL from $650 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Aledo.


608 W 3rd St

606 W 3rd St

1218 Cedar St

605 W 3rd St

1607 W 2nd St

3032 Indian Rd
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.

1326 38th St

2201 W 2nd St

4931 Abrams Dr

2420 Park Ave

3207 4th St

1009 W 10th St

3313 Avenue of the Cities
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.
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 | $1,117 | $650 | $1,400 |
| Aledo 3 Bedroom Homes for Rent | $1,342 | $907 | $1,550 |
| Aledo 4 Bedroom Homes for Rent | $1,692 | $1,250 | $2,750 |
| Aledo 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
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Aledo, IL Local Guide
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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 |
| Kennedy | 1BR/1.0BA | 1BR,1BA | $685 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $695 |
Best Value Apartments for Rent in Aledo, IL and Nearby
As of September 07, 2026 the best value apartment in the Aledo area is the $1.09 price per square foot The Riverside Model at Parkway Commons in the in the Saukie neighborhood starting from $1,350. 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. |
|---|---|---|---|
| Parkway Commons | The Riverside | 2BR,2BA | $1.09 |
| Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $1.04 |
| Bucktown Lofts | 1 BR/ 1 BA | 1BR,1BA | $0.84 |
| LeClaire | The Sinatra | 2BR,1BA | $1.12 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.86 |
| Crescent Lofts | Market 1 bed 1.5 bath | 1BR,1.5BA | $1.19 |
| Pine Ridge | 2-willow | 2BR,1BA | $1.24 |
| Eagles Crest Apartments | 1 bed 1 bath | 1BR,1BA | $1.07 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.00 |
| 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 ArticleNavigating 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 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 63 Apartments for Rent in Aledo, IL with pricing that ranges from $550 to $3,300. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Aledo ranging from $650 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 $650 to $2,750 with an average monthly rent of $1,186.
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 $1,550. Four Bedroom Single-Family rentals are also available starting from $1,250 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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.