
Cheap Homes for Rent in Aledo, IL from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Aledo.


435 S Broadway St

607 NE 3rd Ave

2434 McMillan Ct

1604 30th St

608 W 3rd St

1001 6th St

407-407 SW 8th St

1701 25th St

1308 43rd St

1234 E 4th St

2609 Diehn Ave
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 | $1,070 | $750 | $1,450 |
Aledo 3 Bedroom Homes for Rent | $1,211 | $875 | $1,500 |
Aledo 4 Bedroom Homes for Rent | $1,712 | $1,250 | $3,100 |
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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 $525. 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 | $525 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $650 |
1215 24th Street Place - River Oaks Apartments | 1BR/1.0BA | 1BR,1BA | $775 |
Sherwood Forest Apartments | 1BR/1BA | 1BR,1BA | $795 |
Colorado Senior Lofts 55+ | Two Bedroom | 2BR,1BA | $799 |
Best Value Apartments for Rent in Aledo, IL and Nearby
As of September 15, 2025 the best value apartment in the Aledo area is the $1.00 price per square foot 2bd/2ba Model at Davenport Bank Apartments in the in the Vander Veer Park neighborhood starting from $1,400. The second greatest value Aledo apartment is the 3 Bedroom 2 Bath Model at PARKWAY ESTATES starting at $880 with a $0.81 price per square foot . 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. |
---|---|---|---|
Davenport Bank Apartments | 2bd/2ba | 2BR,2BA | $1.00 |
PARKWAY ESTATES | 3 Bedroom 2 Bath | 3BR,2BA | $0.81 |
LeClaire | The Monroe | 2BR,1BA | $1.02 |
Colorado Senior Lofts 55+ | Two Bedroom | 2BR,1BA | $0.86 |
Crescent Lofts | Market 1 bed 1.5 bath | 1BR,1.5BA | $1.19 |
Sherwood Forest Apartments | 1BR/1BA | 1BR,1BA | $1.05 |
Beverly Manor Apartments | 2 Bedroom | 2BR,1BA | $1.19 |
1215 24th Street Place - River Oaks Apartments | 1BR/1.0BA | 1BR,1BA | $1.11 |
Pine Ridge | 1-sycam | 1BR,1BA | $1.20 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.99 |
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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!
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Frequently Asked Questions about Aledo
What type of rentals are currently available in Aledo?
There are currently 51 Apartments for Rent in Aledo, IL with pricing that ranges from $525 to $2,400. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Aledo ranging from $500 to $3,100.
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 $3,100 with an average monthly rent of $1,033.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.