
Cheap Homes for Rent in Assumption, IL from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Assumption.


200 N Pine St

1220 N Church St

567 W Leafland Ave

205 North St

1536 E Decatur 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.

852 W Waggoner St

1553 N Walnut Grove Ave

100 E Vine St

1363 E Johns Ave

2152 E Johns Ave

1148 S Hilton 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.

401 S 19th St

290 S Maffit St

1307 S Jasper St

2143 E Wood St

1286 E Vanderhoof St

1609 E Johns Ave
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.
Assumption, IL Local Guide

How much does it cost to rent a home in Assumption?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Assumption 2 Bedroom Homes for Rent | $932 | $525 | $1,500 |
| Assumption 3 Bedroom Homes for Rent | $1,126 | $650 | $1,700 |
| Assumption 4 Bedroom Homes for Rent | $1,513 | $1,150 | $2,100 |
| Assumption 5 Bedroom Homes for Rent | $1,646 | $1,390 | $1,800 |
| Assumption 7 Bedroom Homes for Rent | $2,340 | $2,340 | $2,340 |
Browse Top Homes for Rent in Assumption
Explore Assumption
Assumption, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Assumption Apartments for Rent and Nearby
 The cheapest available apartment rental in Assumption, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Assumption apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $461 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $625 |
| 600 Marshall Ave | 2/1 | 2BR,1BA | $699 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $700 |
Best Value Apartments for Rent in Assumption, IL and Nearby
As of December 13, 2025 the best value apartment in the Assumption area is the $1.10 price per square foot B1 Model at Candles in the starting from $1,055. The second greatest value Assumption apartment is the Walk to work. Capitol View. WIFI Included. Model at Safe Harbor Properties starting at $925 with a $1.03 price per square foot in the Downtown Springfield neighborhood. Here is today’s list of the best values for Assumption apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Candles | B1 | 2BR,1.5BA | $1.10 |
| Safe Harbor Properties | Walk to work. Capitol View. WIFI Included. | 2BR,1BA | $1.03 |
| 3TEN | B1 | 2BR,1BA | $1.02 |
| 2474 N Florian | Unit 11 | 2BR,1.5BA | $1.13 |
| The Quarry Apartments | Sandstone | 2BR,1BA | $0.96 |
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $0.61 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Stones Crossing Apartments | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
| 600 Marshall Ave | 1/1 | 1BR,1BA | $1.17 |
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
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!
Explore Assumption, IL Rentals by Map
See the most popular apartments and homes in Assumption, IL
Frequently Asked Questions about Assumption
What type of rentals are currently available in Assumption?
There are currently 42 Apartments for Rent in Assumption, IL with pricing that ranges from $461 to $3,000. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Assumption ranging from $520 to $2,340.
What is the current price range for Rental Homes in Assumption?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Assumption ranges from $520 to $2,340 with an average monthly rent of $1,368.
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.