
Cheap Homes for Rent near Altamont, IL from $499 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Altamont.


272 S Shannon St

1363 E Johns Ave

2913 N Brownsville Rd

205 North St
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.

290 S Maffit St

401 S 19th St

913 N Taylorville Blvd

1719 W Olive St

1315 E Main St
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.

205 N North St
Altamont, IL Local Guide

How much does it cost to rent a home in Altamont?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Altamont 2 Bedroom Homes for Rent | $942 | $575 | $1,375 |
| Altamont 3 Bedroom Homes for Rent | $1,088 | $499 | $1,390 |
| Altamont 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
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Altamont, IL Local Guide
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Cheapest Available Altamont Apartments for Rent and Nearby
 The cheapest available apartment rental in Altamont, IL is a 1 Bed unit found at Country Place-Moweaqua I & ll priced from $497. Roosevelt School Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $502. Here is today’s list of the most affordable Altamont apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $497 |
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $507 |
| Westport Apartments | Two Bedroom | 2BR,2BA | $554 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
Best Value Apartments for Rent in Altamont, IL and Nearby
As of September 05, 2026 the best value apartment in the Altamont area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Altamont apartment is the 3 Bdrm Model at McKay Manor starting at $800 with a $0.63 price per square foot in the Clinton County neighborhood. Here is today’s list of the best values for Altamont apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| McKay Manor | 3 Bdrm | 3BR,2BA | $0.63 |
| The Millennium Apartments | Millennium Apartments 2BR/2BA 26/27 Waiting List | 2BR,2BA | $0.51 |
| Melrose on 4th | Melrose Apartments 2BR/2BA 26/27 Waiting List | 2BR,2BA | $0.55 |
| Westport Apartments | Two Bedroom | 2BR,2BA | $0.58 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.38 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $0.60 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $1.00 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $0.76 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Altamont
What type of rentals are currently available in Altamont?
There are currently 61 Apartments for Rent in Altamont, IL with pricing that ranges from $413 to $1,899. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Altamont ranging from $290 to $1,750.
What is the current price range for Rental Homes in Altamont?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Altamont ranges from $290 to $1,750 with an average monthly rent of $993.
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.

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.

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.