Cheap Apartments for Rent in Alton, IL from $500 (31 Rentals)

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

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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Twin Pine Estates
1 to 2 Bedroom Apartments

Twin Pine Estates

3301 Fosterburg RdAlton, IL 62002
  • Utilities Included
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Cherry Hill
Studio to 3 Bedroom Apartments

Cherry Hill

744 Washington AveAlton, IL 62002
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Cedar Lodge
1 to 3 Bedroom Apartments

Cedar Lodge

824 Washington AveAlton, IL 62002
  • Utilities Included

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.

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Maple Manor
1 to 3 Bedroom Apartments

Maple Manor

112 Manor CtAlton, IL 62002
  • Utilities Included

Cash 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.

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Diplomat Apartments
1 to 2 Bedroom Apartments

Diplomat Apartments

385-407 Kent StEast Alton, IL 62024
  • Utilities Included

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.

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Alton, IL Local Guide

Cheapest Available Alton Apartments for Rent

 

The cheapest available apartment rental in Alton, IL is a 2 Beds unit found at Surrey Court Apartments priced from $970. ReNew at Alton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,039. Here is today’s list of the most affordable Alton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$970
ReNew at AltonFinley1BR,1BA$1,039
Township Village Apartments1 Bed, 1 bath1BR,1BA$1,254
Marian Heights1 Bedroom1BR,1BA$1,393

Best Value Apartments for Rent in Alton, IL

As of May 08, 2026 the best value apartment in the Alton area is the $1.12 price per square foot 2 Beds, 1 bath Model at Surrey Court Apartments in the starting from $970. The second greatest value Alton apartment is the 1 Bedroom Model at Marian Heights starting at $1,393 with a $1.85 price per square foot . Here is today’s list of the best values for Alton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
Marian Heights1 Bedroom1BR,1BA$1.85
433 N Old St Louis Rd, Unit 431433 N Old St Louis Rd2BR,1BA$1.32
1238 Brown St, Unit Apt A1238 Brown St1BR,1BA$1.20
806 Center St, Unit 3806 Center St1BR,1BA$1.05
Township Village Apartments1 Bed, 1 bath1BR,1BA$2.04
ReNew at AltonFinley1BR,1BA$1.89

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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the St. Louis, MO metro area for affordable living. Find your perfect Student apartment, condo, or rental home today at apartmenthomeliving.com

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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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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.

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Best Local Schools in
Alton, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Alton, IL Area Reviews

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Frequently Asked Questions about Cheap Alton Apartments

How much is rent for a Cheap One Bedroom Alton Apartment?

The lowest price for a Cheap One Bedroom Alton Apartment is $1,039 at ReNew at Alton.

What is the lowest price for a Cheap Two Bedroom Alton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alton is starting from $970 at Surrey Court Apartments.

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis

Written by: Taryn Shorr-Mckee

I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis

Written by: Taryn Shorr-Mckee

Finding the right neighborhood to rent near your St. Louis college or university isn’t just about convenience.

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St. Louis Living: Your Local Experts Guide to Neighborhoods and Renting

Written by: Taryn Shorr-Mckee

St. Louis is a historic city of neighborhoods — nearly 80 of them — each with its own personality, rhythm, and everyday comforts.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.