Cheap Apartments for Rent in Canton, IL from $500 (39 Rentals)

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Village Square
Studio to 2 Bedroom Apartments

Village Square

695 N 16th AveCanton, IL 61520
Senior Living
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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8710 W Main St
Studio Apartments

8710 W Main St

8710 W Main StMapleton, IL 61547

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1001 Veerman St
1 Bedroom Apartments

1001 Veerman St

1001 Veerman StPekin, IL 61554
  • Utilities Included
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2604 Pine St
Studio to 1 Bedroom Apartments

2604 Pine St

2604 Pine StPekin, IL 61554
  • Utilities Included
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1107 Pekin Ave
1 Bedroom Apartments

1107 Pekin Ave

1107 Pekin AveCreve Coeur, IL 61610
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Cityscape
2 to 3 Bedroom Apartments

Cityscape

601 W Romeo B Garrett AvePeoria, IL 61605
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301 N Carole Ave
1 Bedroom Apartments

301 N Carole Ave

301 N Carole AveHanna City, IL 61536

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.

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Elm Haven
1 to 2 Bedroom Apartments

Elm Haven

101 N Rose StElmwood, IL 61529
Senior Living
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502 W High St
1 Bedroom Apartments

502 W High St

502 W High StPeoria, IL 61606
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Canton, IL Local Guide

Cheapest Available Canton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Canton, IL is a 2 Beds unit found at Cityscape in the Averyville neighborhood priced from $711. 528 Henrietta has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Canton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cityscape2 Bedroom2BR,2BA$711
528 Henrietta1BR/1.0BA1BR,1BA$750
The Avenue Apartments1B/ 1BA1BR,1BA$795
Civic Center Plaza ApartmentsStudioStudio,1BA$825
Hollow Hills ApartmentsStudio / 1 Bath (518 sqft)Studio,1BA$825
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$850
Forest Hills Apartments1x11BR,1BA$878
Marquette PlaceStudioStudio,1BA$900
Sunset Hills ApartmentsSunset Hills3BR,2BA$925
Brandywine Crossing Apartments2 Bedroom 2 Bath G2BR,2BA$1,030

Best Value Apartments for Rent in Canton, IL and Nearby

As of August 08, 2026 the best value apartment in the Canton area is the $0.71 price per square foot Sunset Hills Model at Sunset Hills Apartments in the starting from $925. The second greatest value Canton apartment is the Three Bedroom/Two Bath Model at The Residences at Rosemary Crossing I starting at $1,620 with a $1.25 price per square foot . Here is today’s list of the best values for Canton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Hills ApartmentsSunset Hills3BR,2BA$0.71
The Residences at Rosemary Crossing IThree Bedroom/Two Bath3BR,2BA$1.25
Hollow Creek IV ApartmentsHCIV2D2FB2BR,2BA$1.15
Cityscape2 Bedroom2BR,2BA$0.70
Dunlap Falls ApartmentsHudson2BR,2BA$1.34
Brandywine Crossing Apartments2 Bedroom 2 Bath2BR,2BA$1.14
Forest Hills Apartments1x11BR,1BA$1.03
Haymeadow ApartmentsFarmstead2BR,1BA$1.28
The Avenue Apartments1B/ 1BA1BR,1BA$1.29
528 Henrietta1BR/1.0BA1BR,1BA$1.25

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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Real 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.

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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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Canton, IL

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

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Frequently Asked Questions about Cheap Canton Apartments

What is the Cheapest Studio apartment in Canton?

Currently the most affordable Cheap Studio Apartment in Canton is at Civic Center Plaza Apartments listed at $825.

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

The lowest price for a Cheap One Bedroom Canton Apartment is $750 at 528 Henrietta.

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

Today's best deal for a Cheap Two Bedroom Apartment in Canton is starting from $711 at Cityscape.

What is the most affordable Canton Three Bedroom Apartment?

The best deal on a cheap Canton Three Bedroom Apartment rental is at Cityscape and starts from $818.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.