
Cheap Homes for Rent in Altamont, IL from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Altamont.


200 N Pine St

100 E Vine St

418 S Van Buren St

1363 E Johns Ave
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.

2152 E Johns Ave

600 E Jefferson Ave

1307 S Jasper St

1286 E Vanderhoof St

1609 E Johns Ave
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.

4209 Keener Dr

950 Edgar Dr

2808 Champaign Ave

920 S Maffit St

313 S Grant St
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.

412 Taylor Ave
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 | $928 | $290 | $1,500 |
| Altamont 3 Bedroom Homes for Rent | $1,251 | $875 | $1,700 |
| Altamont 4 Bedroom Homes for Rent | $1,280 | $1,072 | $1,600 |
| Altamont 5 Bedroom Homes for Rent | $1,750 | $1,750 | $1,750 |
Browse Top Homes for Rent in Altamont
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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 RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Altamont apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $461 |
| Rider Place | 1 Bedroom | 1BR,1BA | $500 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| McKay Manor | 2 Bedroom | 2BR,1BA | $548 |
Best Value Apartments for Rent in Altamont, IL and Nearby
As of December 24, 2025 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 Bedroom Model at McKay Manor starting at $1,150 with a $0.91 price per square foot . 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 Bedroom | 3BR,2BA | $0.91 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Timber Cove | The Whitehall | 2BR,1BA | $0.98 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
| 2474 N Florian | Unit 11 | 2BR,1.5BA | $1.13 |
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $0.61 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Stones Crossing Apartments | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
| Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
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 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!
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Frequently Asked Questions about Altamont
What type of rentals are currently available in Altamont?
There are currently 53 Apartments for Rent in Altamont, IL with pricing that ranges from $413 to $1,694. There are also 36 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 $1,190.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.