
Cheap Homes for Rent in Arcola, IL from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Arcola.


418 S Van Buren St

950 Edgar Dr

2008 Vawter 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.

2808 Champaign Ave

310 E Vine St

412 Taylor Ave

1002 E Willard St
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.

1605 Lyndhurst Dr
Arcola, IL Local Guide

How much does it cost to rent a home in Arcola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Arcola 2 Bedroom Homes for Rent | $1,236 | $900 | $1,850 |
| Arcola 3 Bedroom Homes for Rent | $1,768 | $1,202 | $2,950 |
| Arcola 4 Bedroom Homes for Rent | $2,368 | $1,072 | $3,600 |
Browse Top Homes for Rent in Arcola
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Arcola, IL Local Guide
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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. The Millennium Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $505. Here is today’s list of the most affordable Arcola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rider Place | 1 Bedroom | 1BR,1BA | $500 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| Melrose and Brooklyn Heights Apartments | 2 Bed 1 Bath | 2BR,1BA | $585 |
Best Value Apartments for Rent in Arcola, IL and Nearby
As of December 19, 2025 the best value apartment in the Arcola 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Southwest Apartments | 2517 Leeper Dr | 2BR,1.5BA | $1.00 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
| Parkside | 2 Bedroom 1 Bath 850 Premium Upgrade | 2BR,1BA | $1.42 |
| The Whitney Apartments | 2 bedroom - top floor and vaulted ceilings | 2BR,2BA | $1.64 |
| Sterling on First | 2x2 Silver | 2BR,2BA | $1.65 |
| Stone Ridge Square | 1 Bedroom 1 Bath 730 SF | 1BR,1BA | $1.47 |
| 600 Marshall Ave | 1/1 | 1BR,1BA | $1.17 |
| 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 ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Arcola
What type of rentals are currently available in Arcola?
There are currently 45 Apartments for Rent in Arcola, IL with pricing that ranges from $413 to $3,399. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Arcola ranging from $725 to $3,600.
What is the current price range for Rental Homes in Arcola?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Arcola ranges from $725 to $3,600 with an average monthly rent of $1,539.
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.