
Cheap Homes for Rent in Alhambra, IL from $700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Alhambra.


117 W Birch St

919 Mulberry St

1408 Willard St

900 Washington Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

900 8th St

2418 Sanford Ave

120 Lakeside Ave

1002 Apache Dr

12 Coachlight Trailer Park
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.

1104 Arrowhead Dr

814 White Oak Dr

11 W Perry St

114 Greenfield Dr

2222 Brown 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.

504 Red Bud Ln

88 Bethel Rd
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 | $1,385 | $875 | $1,950 |
| Alhambra 3 Bedroom Homes for Rent | $1,921 | $1,325 | $3,000 |
| Alhambra 4 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
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 1 Bed unit found at McKay Manor priced from $475. 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 | 1 Bedroom | 1BR,1BA | $475 |
| Rocwood Apartments | 1BR Units | 1BR,1BA | $700 |
| Flax Meadow Townhomes | Two Bed | 2BR,1BA | $715 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $750 |
| The Georgetown Apartments | 1 Bed, 1 bath | 1BR,1BA | $775 |
Best Value Apartments for Rent in Alhambra, IL and Nearby
As of April 30, 2026 the best value apartment in the Alhambra area is the $1.08 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Metro East neighborhood starting from $1,350. The second greatest value Alhambra apartment is the B1 Model at Parc at 720 starting at $935 with a $0.75 price per square foot in the Fruit Maple Carpenter neighborhood. 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. |
|---|---|---|---|
| Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.08 |
| Parc at 720 | B1 | 2BR,2BA | $0.75 |
| Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1.18 |
| Falcon Place Townhomes | 2BR/1.5BA | 2BR,1.5BA | $1.40 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| 326 E Central St | 2 Bed, 1 Bath | 2BR,1BA | $1.03 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $1.05 |
| Metro Apartments at Wood River | 1BR/1B Colonial Upgraded | 1BR,1BA | $1.36 |
| Rocwood Apartments | 1BR Units | 1BR,1BA | $1.13 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 $700 to $2,910. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alhambra ranging from $700 to $3,000.
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 $3,000 with an average monthly rent of $1,370.
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 $859 to $2,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $714.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.