
Cheap Homes for Rent in Chenoa, IL from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Chenoa.


1007 Sheryl Ln

308 N Union 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.

407 E Seminole St

715 Hale St

404 S Mc Clun 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.

101 Bannon Dr
Chenoa, IL Local Guide

How much does it cost to rent a home in Chenoa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chenoa 2 Bedroom Homes for Rent | $1,257 | $1,000 | $1,550 |
| Chenoa 3 Bedroom Homes for Rent | $1,839 | $1,549 | $2,300 |
| Chenoa 4 Bedroom Homes for Rent | $2,250 | $1,950 | $2,400 |
Browse Top Homes for Rent in Chenoa
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Chenoa, IL Local Guide
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Cheapest Available Chenoa Apartments for Rent and Nearby
 The cheapest available apartment rental in Chenoa, IL is a 1 Bed unit found at Phoenix Apartments of Pontiac priced from $795. Broadmoor Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Chenoa apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $795 |
| Broadmoor Park | Cortez 1 Bedroom 1 Bath | 1BR,1BA | $795 |
| Cortez Apartments | Unfurnished | 1BR,1BA | $825 |
Best Value Apartments for Rent in Chenoa, IL and Nearby
As of June 11, 2026 the best value apartment in the Chenoa area is the $1.36 price per square foot 4 Bedrooms or more Model at Class Act Realty in the in the Downtown Normal neighborhood starting from $2,175. The second greatest value Chenoa apartment is the All units Model at 3 Stortz Drive starting at $1,300 with a $1.08 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Chenoa apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Class Act Realty | 4 Bedrooms or more | 4BR,2.5BA | $1.36 |
| 3 Stortz Drive | All units | 2BR,2BA | $1.08 |
| Harvest View | 2/2 Second Floor | 2BR,2BA | $1.10 |
| 701 Franklin | Apt 5 | 4BR,1BA | $0.45 |
| Ekstam Apartments | 2 Beds 2 Bath | 2BR,2BA | $1.14 |
| Lincoln Square Apartments | 2 Bedroom 1.5 Bath Townhouse. | 2BR,1.5BA | $1.07 |
| BayOak | Bay | 2BR,2BA | $1.23 |
| 700 N Adelaide St | Rent Per Student for 2 | 2BR,1.5BA | $0.79 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| Briarwood II Apartments | 2BR Bay Window with Updated Cabinets and Luxury... | 2BR,1BA | $1.31 |
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 Chenoa
What type of rentals are currently available in Chenoa?
There are currently 43 Apartments for Rent in Chenoa, IL with pricing that ranges from $659 to $6,118. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chenoa ranging from $875 to $2,400.
What is the current price range for Rental Homes in Chenoa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chenoa ranges from $875 to $2,400 with an average monthly rent of $1,555.
How much are larger Three and Four Bedroom Rentals in Chenoa?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Chenoa range from $798 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,549 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $659.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.