
Cheap Apartments for Rent in Alhambra, IL from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Alhambra.


Flax Meadow Townhomes

Rocwood Apartments

Cedar Point Apartments

Godfrey Estates
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.

Metro Apartments at Wood River

Metro Apartments At Bethalto

Broadway Place

Metro Apartments at Granite City
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.

815 Laurel St

412 Wood River Ave

900 8th St
Cash 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.

1136 Williams St

919 Mulberry St
Alhambra, IL Local Guide

How much does it cost to rent an apartment in Alhambra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alhambra Studio Apartments | $750 | $750 | $750 |
| Alhambra 1 Bedroom Apartments | $1,451 | $700 | $1,895 |
| Alhambra 2 Bedroom Apartments | $1,640 | $525 | $2,440 |
| Alhambra 3 Bedroom Apartments | $1,680 | $750 | $3,955 |
| Alhambra 4 Bedroom Apartments | $1,321 | $675 | $2,700 |
Browse Top Apartments in Alhambra
See all Apartments in AlhambraExplore Alhambra
Alhambra, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Alhambra Apartments for Rent and Nearby
 The cheapest available apartment rental in Alhambra, IL is a 2 Beds unit found at McKay Manor priced from $548. Rocwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Alhambra apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McKay Manor | 2 Bedroom | 2BR,1BA | $548 |
| Rocwood Apartments | 1BR Units | 1BR,1BA | $700 |
| Cedar Point Apartments | Efficiency | Studio,1BA | $750 |
| Broadway Place | Two Bedroom Apartment | 2BR,1BA | $975 |
| Metro Apartments at Granite City | 1BR/1B | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Alhambra, IL and Nearby
As of December 16, 2025 the best value apartment in the Alhambra area is the $1.00 price per square foot 3Bd Deluxe Townhouse w/ Garage Model at BSB Apartments in the in the Metro East neighborhood starting from $1,500. The second greatest value Alhambra apartment is the 3 Bedroom Model at McKay Manor starting at $1,150 with a $0.91 price per square foot . Here is today’s list of the best values for Alhambra apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BSB Apartments | 3Bd Deluxe Townhouse w/ Garage | 3BR,2BA | $1.00 |
| McKay Manor | 3 Bedroom | 3BR,2BA | $0.91 |
| Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.16 |
| Parc at 720 | B1 | 2BR,2BA | $0.72 |
| Storyboard on Park Entrance | Park Entrance B2 | 2BR,2BA | $1.19 |
| Brookside Manor- O'Fallon, IL | Erin Lee- 2 bedroom | 2BR,1.5BA | $1.27 |
| Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1.13 |
| ReNew at Alton | Hunter | 2BR,1.5BA | $1.38 |
| Broadway Place | Two Bedroom Apartment | 2BR,1BA | $1.34 |
| Rocwood Apartments | 1BR Units | 1BR,1BA | $1.13 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alhambra, IL Rentals by Map
See the most popular apartments and homes in Alhambra, IL
Getting Around Alhambra, IL
Walk Score®
6 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
29 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Alhambra Apartments
How much is rent for a Cheap One Bedroom Alhambra Apartment?
The lowest price for a Cheap One Bedroom Alhambra Apartment is $700 at Rocwood Apartments.
What is the lowest price for a Cheap Two Bedroom Alhambra Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alhambra is starting from $548 at McKay Manor.
What is the most affordable Alhambra Three Bedroom Apartment?
The best deal on a cheap Alhambra Three Bedroom Apartment rental is at Rocwood Apartments and starts from $1,000.
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

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!

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.


