
Cheap Homes for Rent in Cedar Point, IL from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Cedar Point.


215 E Oak St

725 Joliet St

1321 Maple Dr

809 Calhoun 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.

9 N Randolph St

1320 Maple Dr

537 1/2 Bucklin St

407 E Seminole St

826 N Spalding 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.
Cedar Point, IL Local Guide

How much does it cost to rent a home in Cedar Point?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cedar Point 2 Bedroom Homes for Rent | $1,333 | $750 | $2,000 |
| Cedar Point 3 Bedroom Homes for Rent | $2,007 | $1,050 | $3,500 |
| Cedar Point 4 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
| Cedar Point 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Cedar Point
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Cedar Point, IL Local Guide
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Cheapest Available Cedar Point Apartments for Rent and Nearby
 The cheapest available apartment rental in Cedar Point, IL is a 1 Bed unit found at Colonial Village priced from $625. Winkler Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Cedar Point apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Cedar Point, IL and Nearby
As of June 08, 2026 the best value apartment in the Cedar Point area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Cedar Point apartment is the 2x2 Model at Cedar Creek Apartments starting at $1,395 with a $1.16 price per square foot . Here is today’s list of the best values for Cedar Point apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR,1BA | $1.22 |
| Nordic Villa Apartments | Townhouse | 2BR,1.5BA | $1.28 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| The Village on University | Tucker at Village North | 1BR,1BA | $1.35 |
| Colonial Village | 1 Bedroom | 1BR,1BA | $1.14 |
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 Cedar Point
What type of rentals are currently available in Cedar Point?
There are currently 48 Apartments for Rent in Cedar Point, IL with pricing that ranges from $700 to $2,675. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cedar Point ranging from $550 to $3,500.
What is the current price range for Rental Homes in Cedar Point?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cedar Point ranges from $550 to $3,500 with an average monthly rent of $1,562.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.