Cheap Homes for Rent near Aledo, IL from $650 (14 Rentals)

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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.

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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
Kennedy1BR/1.0BA1BR,1BA$685
Timber Ridge Apartments1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Parkway CommonsThe Riverside2BR,2BA$1.09
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
Bucktown Lofts1 BR/ 1 BA1BR,1BA$0.84
LeClaireThe Sinatra2BR,1BA$1.12
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$0.86
Crescent LoftsMarket 1 bed 1.5 bath1BR,1.5BA$1.19
Pine Ridge2-willow2BR,1BA$1.24
Eagles Crest Apartments1 bed 1 bath1BR,1BA$1.07
Timber Ridge Apartments1BR/1.0BA1BR,1BA$1.00
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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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.

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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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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

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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.

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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.

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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.

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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.