Cheap Apartments for Rent in Annapolis, IL from $300 (50 Rentals)

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

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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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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Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920
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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included
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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
  • 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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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included

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.

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6th St Apartments
1 to 6 Bedroom Apartments

6th St Apartments

1132-1142 6th StCharleston, IL 61920

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Annapolis, IL Local Guide

Cheapest Available Annapolis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Annapolis, IL is a 3 Beds unit found at The Millennium Apartments priced from $505. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Annapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Millennium Apartments3 Bedroom3BR,1BA$505
Union Pointe1 Bedroom1BR,2BA$550
Melrose and Brooklyn Heights Apartments2 Bed 1 Bath2BR,1BA$585
OldeTowne Apartments1 Bed/1 Bath1BR,1BA$629
1905 12th St1BDR1BR,1BA$650
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Willow CrossingsPhase I - 1 Bed 1 Bath w Patio1BR,1BA$699
Lakewood Apartments1 Bed with stack wash/dry1BR,1BA$725
Winston Terrace2BR/1BA1BR,2BA$725
Southern Meadows Senior Living1 Bed Apt1BR,1BA$750

Best Value Apartments for Rent in Annapolis, IL and Nearby

As of December 20, 2025 the best value apartment in the Annapolis 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 Annapolis apartment is the 3x2 Model at Arbors at Honey Creek starting at $1,170 with a $0.89 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Annapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Panther Heights3 Bed 2.5 Bath3BR,2.5BA$0.99
Arbors at Honey Creek3x23BR,2BA$0.89
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
Springhill Apartments2 Bedroom2BR,1BA$0.98
Willow CrossingsPhase I - Luxury 1 Bed 1 Bath1BR,1BA$1.16
Riverside Apartments2 Bedroom2BR,1BA$1.07
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$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.

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The 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.

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Quick 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.

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

Explore Annapolis, IL Rentals by Map

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See the most popular apartments and homes in Annapolis, IL

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Getting Around Annapolis, IL

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Annapolis Apartments

What is the Cheapest Studio apartment in Annapolis?

Currently the most affordable Cheap Studio Apartment in Annapolis is at The Village Quarter listed at $805.

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

The lowest price for a Cheap One Bedroom Annapolis Apartment is $550 at Union Pointe.

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

Today's best deal for a Cheap Two Bedroom Apartment in Annapolis is starting from $585 at Melrose and Brooklyn Heights Apartments.

What is the most affordable Annapolis Three Bedroom Apartment?

The best deal on a cheap Annapolis Three Bedroom Apartment rental is at The Millennium Apartments and starts from $505.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.