
Cheap Homes for Rent in Alhambra, IL from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Alhambra.


919 Mulberry St

128 S Meridian Rd

412 Wood River Ave

116 W Zupan St
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.

822 White Oak Dr

476 Dulaney Ave

1002 Apache Dr

766 Wall St

143 Kinder Ln
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.

4069 Bruene Ave

132 W 2nd St

202 Goulding St

11 W Perry St

176 S Pence St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Alhambra, IL Local Guide

How much does it cost to rent a home in Alhambra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alhambra 2 Bedroom Homes for Rent | $1,188 | $875 | $1,700 |
| Alhambra 3 Bedroom Homes for Rent | $1,702 | $1,050 | $2,400 |
| Alhambra 4 Bedroom Homes for Rent | $2,273 | $1,895 | $2,600 |
Browse Top Homes for Rent in Alhambra
Explore 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 |
| The Georgetown Apartments | 1 Bed, 1 bath | 1BR,1BA | $775 |
| 326 E Central St | 2 Bed, 1 Bath | 2BR,1BA | $875 |
| Metro Apartments At Bethalto | 1BR/1B SP6 Reno | 1BR,1BA | $950 |
Best Value Apartments for Rent in Alhambra, IL and Nearby
As of March 16, 2026 the best value apartment in the Alhambra area is the $1.13 price per square foot Three Bedroom Townhouse Model at Cedar Point Apartments in the in the Metro East neighborhood starting from $1,450. The second greatest value Alhambra apartment is the 3 Bedroom Model at McKay Manor starting at $730 with a $0.58 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. |
|---|---|---|---|
| Cedar Point Apartments | Three Bedroom Townhouse | 3BR,1.5BA | $1.13 |
| McKay Manor | 3 Bedroom | 3BR,2BA | $0.58 |
| Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.16 |
| Parc at 720 | B1 | 2BR,2BA | $0.74 |
| Storyboard on Park Entrance | Park Entrance B2 | 2BR,2BA | $1.19 |
| Storyboard on Carol Ann | Carol Ann B2 | 2BR,2BA | $1.34 |
| Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1.13 |
| 326 E Central St | 2 Bed, 1 Bath | 2BR,1BA | $1.03 |
| Metro Apartments at Wood River | 1BR/1B Colonial Upgraded | 1BR,1BA | $1.36 |
| 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 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.
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
Frequently Asked Questions about Alhambra
What type of rentals are currently available in Alhambra?
There are currently 45 Apartments for Rent in Alhambra, IL with pricing that ranges from $483 to $2,910. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alhambra ranging from $700 to $2,600.
What is the current price range for Rental Homes in Alhambra?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Alhambra ranges from $700 to $2,600 with an average monthly rent of $1,513.
How much are larger Three and Four Bedroom Rentals in Alhambra?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Alhambra range from $730 to $2,619, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $685.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.