
Cheap Homes for Rent in Anchor, IL from $1,300 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Anchor.


28 Fetzer Ct

26 Fetzer Ct

129 Crossing Dr

603 N Dianne Ln

1001 S Hinshaw Ave
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.

801 Samantha St

268 3460 E Rd

1119 Vision Cir

1109 Vision Cir

1133 Vision Cir

503 E Empire St
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.

1240 Dogwood Ln

228 Crossing Dr

1711 Rockingham Dr

507 1/2 S Clayton St

1410 Dillon Dr

1002 N Center St
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.
Anchor, IL Local Guide

How much does it cost to rent a home in Anchor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Anchor 2 Bedroom Homes for Rent | $1,933 | $1,300 | $3,000 |
| Anchor 3 Bedroom Homes for Rent | $1,898 | $1,549 | $2,550 |
| Anchor 4 Bedroom Homes for Rent | $2,386 | $1,800 | $2,950 |
| Anchor 5 Bedroom Homes for Rent | $2,800 | $2,100 | $3,500 |
Browse Top Homes for Rent in Anchor
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Anchor, IL Local Guide
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Cheapest Available Anchor Apartments for Rent and Nearby
 The cheapest available apartment rental in Anchor, IL is a Studio unit found at Bradlee Park Apartments priced from $650. Phoenix Apartments of Pontiac has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Anchor apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bradlee Park Apartments | Studio | Studio,1BA | $650 |
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $795 |
| Broadmoor Park | Cortez 1 Bedroom 1 Bath | 1BR,1BA | $795 |
| Cortez Apartments | Unfurnished | 1BR,1BA | $825 |
| Class Act Realty | 1 Bedroom | 1BR,1BA | $830 |
Best Value Apartments for Rent in Anchor, IL and Nearby
As of June 21, 2026 the best value apartment in the Anchor area is the $0.57 price per square foot 4-bed/4-bath Model at The Social at Illinois State in the in the Downtown Normal neighborhood starting from $859. The second greatest value Anchor apartment is the 3/1.5 Model at Hershey Townhomes starting at $1,449 with a $0.97 price per square foot . Here is today’s list of the best values for Anchor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Social at Illinois State | 4-bed/4-bath | 4BR,4BA | $0.57 |
| Hershey Townhomes | 3/1.5 | 3BR,1.5BA | $0.97 |
| 3 Stortz Drive | All units | 2BR,2BA | $1.08 |
| BayOak | Oakbrook | 2BR,2BA | $0.95 |
| 701 Franklin | Apt 5 | 4BR,1BA | $0.45 |
| Lincoln Square Apartments | 2 Bedroom 1.5 Bath Townhouse. | 2BR,1.5BA | $1.07 |
| 700 N Adelaide St | Rent Per Student for 2 | 2BR,1.5BA | $0.78 |
| Arbors at Eastland | The Cypress | 2BR,1BA | $1.09 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| The Social Normal | The Redbird Corner Renovated | 2BR,2BA | $1.03 |
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 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!
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Frequently Asked Questions about Anchor
What type of rentals are currently available in Anchor?
There are currently 47 Apartments for Rent in Anchor, IL with pricing that ranges from $650 to $9,973. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchor ranging from $1,300 to $3,500.
What is the current price range for Rental Homes in Anchor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Anchor ranges from $1,300 to $3,500 with an average monthly rent of $2,254.
How much are larger Three and Four Bedroom Rentals in Anchor?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Anchor range from $798 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,549 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $659.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.