Cheap Homes for Rent in Alhambra, IL from $500 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Alhambra.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Alhambra, IL Local Guide

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 $524. Rocwood Apartments 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 Alhambra apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McKay Manor2 Bedroom2BR,1BA$524
Rocwood Apartments1BR Units1BR,1BA$650
Cedar Point ApartmentsEfficiencyStudio,1BA$750

Best Value Apartments for Rent in Alhambra, IL and Nearby

As of May 25, 2025 the best value apartment in the Alhambra area is the $1.13 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Timberbrook neighborhood starting from $1,410. The second greatest value Alhambra apartment is the B1 Model at Parc at 720 starting at $915 with a $0.73 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on HaydenHayden B12BR,2.5BA$1.13
Parc at 720B12BR,2BA$0.73
Brookside ManorTwo Bedroom2BR,1.5BA$1.13
Townhomes on Luan Drive2BR2BR,1.5BA$1.35
McKay Manor2 Bedroom2BR,1BA$0.53
Parkview2x12BR,1BA$1.03
Broadway Place2 Beds, 1 bath2BR,1BA$1.34
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...1BR,1BA$1.36
Metro Apartments At BethaltoSave up to $500 off Move In Costs with your EXC...1BR,1BA$1.36
Rocwood Apartments1BR Units1BR,1BA$1.05

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Alhambra

What type of rentals are currently available in Alhambra?

There are currently 38 Apartments for Rent in Alhambra, IL with pricing that ranges from $650 to $3,495. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alhambra ranging from $575 to $3,500.

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 $575 to $3,500 with an average monthly rent of $1,754.

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 $800 to $2,835, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $759.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.