Cheap Apartments for Rent in Arcola, IL from $300 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920

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.

close
View Me
Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
  • Utilities Included

Arcola, IL Local Guide

Cheapest Available Arcola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Arcola, IL is a 1 Bed unit found at Rider Place priced from $500. Arthur Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $610. Here is today’s list of the most affordable Arcola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rider Place1 Bedroom1BR,1BA$500
Arthur Ave Apartments1x11BR,1BA$610
Southwest Apartments1902 Karen Ct1BR,1BA$795

Best Value Apartments for Rent in Arcola, IL and Nearby

As of June 14, 2025 the best value apartment in the Arcola area is the $1.00 price per square foot 2 Bed/ 2 Bath Model at Parkstone Villas in the starting from $1,250. The second greatest value Arcola apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Arcola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkstone Villas2 Bed/ 2 Bath2BR,2BA$1.00
The Millennium Apartments3 Bedroom3BR,1BA$0.41
913 Green Mill Rd, Unit 10913 Green Mill Rd3BR,2BA$1.29
Southwest Apartments2404 Leeper Dr2BR,1.5BA$1.32
Panther Heights2 Bed 2 Bath2BR,2BA$1.20
Royal Heights3 Person Occupancy3BR,1.5BA$1.11
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1.19
2219 9th St2 Bed / 1 Bath2BR,1BA$1.28
Arthur Ave Apartments1x11BR,1BA$0.97
Rider Place1 Bedroom1BR,1BA$0.92

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.

decorative image of people with a giant lease agreement

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

Explore Arcola, IL Rentals by Map

View MapArcola, IL Apartments MapView MapArcola, IL Rental Homes Map

Getting Around Arcola, IL

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Arcola Apartments

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

The lowest price for a Cheap One Bedroom Arcola Apartment is $500 at Rider Place.

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

Today's best deal for a Cheap Two Bedroom Apartment in Arcola is starting from $630 at Rider Place.

What is the most affordable Arcola Three Bedroom Apartment?

The best deal on a cheap Arcola Three Bedroom Apartment rental is at Rider Place and starts from $675.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.