
Cheap Homes for Rent in Ashley, IL from $300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Ashley.


272 S Shannon St

111 Ralph St
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.

118 Elles Ave

400 E College St

50 Orchard Dr
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.

510 W 5th St
Ashley, IL Local Guide

How much does it cost to rent a home in Ashley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ashley 2 Bedroom Homes for Rent | $1,255 | $390 | $2,200 |
| Ashley 3 Bedroom Homes for Rent | $1,434 | $699 | $2,200 |
| Ashley 4 Bedroom Homes for Rent | $1,975 | $1,450 | $2,500 |
| Ashley 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Ashley
Explore Ashley
Ashley, IL Local Guide
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Cheapest Available Ashley Apartments for Rent and Nearby
 The cheapest available apartment rental in Ashley, IL is a 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. Storyboard at SIU has the second lowest priced unit, which is a 4 Beds apartment currently listed from $425. Here is today’s list of the most affordable Ashley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedars of Lebanon Apartments | Two Bedroom | 2BR,1BA | $200 |
| Storyboard at SIU | 4 x 2 Traditional - Fall 2025- 12 Months | 4BR,2BA | $425 |
| Campus Edge | Studio | Studio,1BA | $450 |
Best Value Apartments for Rent in Ashley, IL and Nearby
As of May 27, 2026 the best value apartment in the Ashley area is the $0.89 price per square foot 1X1 Model at 2600 Fairway Dr in the starting from $1,600. The second greatest value Ashley apartment is the Two Bed One Bath Model at Linwood Apartments starting at $1,000 with a $0.91 price per square foot in the OFallon neighborhood. Here is today’s list of the best values for Ashley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2600 Fairway Dr | 1X1 | 3BR,2.5BA | $0.89 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| Grand Place Apartments | 3 Bedrooms | 3BR,2BA | $1.08 |
| BSB Apartments | 220 Bd Townhouse | 2BR,1.5BA | $1.03 |
| Brookside Apartments | 3 Bedroom | 3BR,1BA | $1.05 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $1.05 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $0.65 |
| Cedars of Lebanon Apartments | Studio | Studio ,1BA | $0.44 |
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 Ashley
What type of rentals are currently available in Ashley?
There are currently 48 Apartments for Rent in Ashley, IL with pricing that ranges from $200 to $2,300. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ashley ranging from $390 to $2,500.
What is the current price range for Rental Homes in Ashley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ashley ranges from $390 to $2,500 with an average monthly rent of $1,586.
How much are larger Three and Four Bedroom Rentals in Ashley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ashley range from $650 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $699 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $425.
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

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.

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.

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.

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.