Cheap Apartments for Rent near Alma, IL from $500 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alma.

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.

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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.

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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included
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Lakewood Estates
1 to 2 Bedroom Apartments

Lakewood Estates

1114 E 3rd StO'Fallon, IL 62269

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.

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215 anderson lane A
1 to 2 Bedroom Apartments

215 anderson lane A

215-223 Anderson LnShiloh, IL 62221
  • Utilities Included
property at 106 Lee Dr

$950

2 Bedroom Rentals

Available Now

106 Lee Dr

O'FallonIL62269

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.

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Showing Results 1-35, Page 1 of 1

Alma, IL Local Guide

Cheapest Available Alma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alma, IL is a 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. Flax Meadow Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $715. Here is today’s list of the most affordable Alma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedars of Lebanon ApartmentsTwo Bedroom2BR,1BA$200
Flax Meadow TownhomesTwo Bed2BR,1BA$715
McKay Manor3 Bdrm3BR,2BA$730
The Raymond ApartmentsTwo bedroom2BR,1BA$800
Elmdale Apartments1 bed 1 bath1BR,1BA$800
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
Wilson ApartmentsTwo Bedroom - Laundry In Unit2BR,1BA$875
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000
Chesterfield Village1 Bedroom 1 Bath1BR,1BA$1,025
Green Door Apartments1BR/1B1BR,1BA$1,050

Best Value Apartments for Rent in Alma, IL and Nearby

As of August 07, 2026 the best value apartment in the Alma area is the $0.58 price per square foot 3 Bdrm Model at McKay Manor in the in the Clinton County neighborhood starting from $730. The second greatest value Alma apartment is the Hayden B1 Model at Storyboard on Hayden starting at $1,500 with a $1.20 price per square foot in the Metro East neighborhood. Here is today’s list of the best values for Alma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
McKay Manor3 Bdrm3BR,2BA$0.58
Storyboard on HaydenHayden B12BR,2.5BA$1.20
Storyboard on Park EntrancePark Entrance B12BR,2BA$1.15
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
1118 E 3rd St2 Beds, 1 bath2BR,1BA$1.18
Storyboard on LancashireLancashire B12BR,1BA$1.18
Flax Meadow TownhomesTwo Bed2BR,1.5BA$0.81
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
Wilson ApartmentsTwo Bedroom - Laundry In Unit2BR,1BA$1.17
Cedars of Lebanon ApartmentsStudioStudio ,1BA$0.44

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.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $200 at Cedars of Lebanon Apartments.

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 $200 at Cedars of Lebanon 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 $730.

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

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.