
Cheap Homes for Rent in Aledo, IL from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Aledo.


415 W 4th St

1218 Cedar St

129 Roscoe Ave

1003 6th St

1710 Miles Ave
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.

313 Cherry St

1701 25th St

212 E 2nd St

3637 Johnson Ave

1234 E 4th St

610 SW 2nd St
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.

1505 Washington St
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 | $953 | $715 | $1,225 |
| Aledo 3 Bedroom Homes for Rent | $1,286 | $875 | $1,895 |
| Aledo 4 Bedroom Homes for Rent | $1,912 | $1,150 | $2,600 |
Browse Top Homes for Rent in Aledo
Explore Aledo
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 Welch Hotel Senior Apartments in the Oak Ridge neighborhood priced from $452. Mayfair Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $525. Here is today’s list of the most affordable Aledo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Welch Hotel Senior Apartments | Two Bedroom | 2BR,1BA | $452 |
| 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 |
| Eagles Crest Apartments | 1 bed 1 bath with patio | 1BR,1BA | $700 |
Best Value Apartments for Rent in Aledo, IL and Nearby
As of December 30, 2025 the best value apartment in the Aledo area is the $0.74 price per square foot 1 BR/ 1 BA Model at Bucktown Lofts in the in the Vander Veer Park neighborhood starting from $998. 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. |
|---|---|---|---|
| Bucktown Lofts | 1 BR/ 1 BA | 1BR,1BA | $0.74 |
| Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $1.04 |
| LeClaire | The Fitzgerald | 2BR,1BA | $1.00 |
| Gordon-Van Tine Commons | 1 Bedroom | 1BR,1BA | $0.98 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.86 |
| Cobblestone Apartments | 1BR/1BA | 1BR,1BA | $1.03 |
| 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 |
| 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 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 Aledo
What type of rentals are currently available in Aledo?
There are currently 55 Apartments for Rent in Aledo, IL with pricing that ranges from $452 to $2,600. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Aledo ranging from $500 to $2,600.
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 $500 to $2,600 with an average monthly rent of $1,117.
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 $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $1,895. Four Bedroom Single-Family rentals are also available starting from $1,150 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!