
Cheap Apartments for Rent near Alma, IL from $552 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Alma.


Laker Landing

Flax Meadow Townhomes

Capitol Pointe Apartments

Kingsbury Campus Apartments

Elmdale Apartments

The Raymond Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Wilson Apartments

Bouse Apartment Homes

Cedars of Lebanon Apartments

206 6th St

81 Deerwood Park

2913 N Brownsville Rd

Newton Senior Housing
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Bradford Place & Ansley Oaks Apartments

317 E South St

205 N North St

605 Walnut St. Apartments

Highland Villas Apartments - 55+ Senior

Lakewood Estates

215 anderson lane A
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

418 W Webster St

104 Lee Dr
Alma, IL Local Guide

How much does it cost to rent an apartment in Alma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alma Studio Apartments | $810 | $664 | $957 |
| Alma 1 Bedroom Apartments | $1,578 | $800 | $2,240 |
| Alma 2 Bedroom Apartments | $1,653 | $552 | $2,829 |
| Alma 3 Bedroom Apartments | $1,763 | $883 | $2,869 |
Browse Top Apartments in Alma
See all Apartments in AlmaExplore Alma
Alma, IL Local Guide
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Cheapest Available Alma Apartments for Rent and Nearby
 The cheapest available apartment rental in Alma, IL is a 3 Beds unit found at McKay Manor in the Clinton County neighborhood priced from $800. The Raymond Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Alma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McKay Manor | 3 Bdrm | 3BR, 2BA | $800 |
| The Raymond Apartments | Two bedroom | 2BR, 1BA | $800 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR, 1BA | $845 |
| Rome Meadows - 62yrs. and over or handicapped | 1 bedroom | 1BR, 1BA | $1,082 |
| Storyboard on Rockwood | Rockwood A1 | 1BR, 1BA | $1,085 |
Best Value Apartments for Rent in Alma, IL and Nearby
As of September 22, 2026 the best value apartment in the Alma area is the $0.92 price per square foot 4 Bd Townhouse Model at BSB Apartments in the Metro East neighborhood starting from $1,600. The second greatest value Alma apartment is the 3 Bdrm Model at McKay Manor in the Clinton County neighborhood starting at $800 with a $0.63 price per square foot. Here is today’s list of the best values for Alma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BSB Apartments | 4 Bd Townhouse | 4BR, 2BA | $0.92 |
| McKay Manor | 3 Bdrm | 3BR, 2BA | $0.63 |
| Storyboard on Hayden | Hayden B1 | 2BR, 2.5BA | $1.08 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR, 1BA | $1.18 |
| Statewood Manor | Duplex | 2BR, 1BA | $1.32 |
| Storyboard on Lancashire | Lancashire B1 | 2BR, 1BA | $1.18 |
| Northbrooke Commons | B2 | 2BR, 2BA | $1.38 |
| Storyboard on Rockwood | Rockwood B2 | 2BR, 1.5BA | $1.34 |
| The Raymond Apartments | Two bedroom | 2BR, 1BA | $1.00 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR, 1BA | $1.36 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Alma, IL Rentals by Map
See the most popular apartments and homes in Alma, IL
Frequently Asked Questions about Cheap Alma Apartments
How much is rent for a Cheap One Bedroom Alma Apartment?
The lowest price for a Cheap One Bedroom Alma Apartment is $845 at Bouse Apartment Homes.
What is the lowest price for a Cheap Two Bedroom Alma Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alma is starting from $800 at The Raymond Apartments.
What is the most affordable Alma Three Bedroom Apartment?
The best deal on a cheap Alma Three Bedroom Apartment rental is at McKay Manor and starts from $800.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.