Cheap Homes for Rent in Cherry, IL from $500 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in Cherry.

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.

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.

Cherry, IL Local Guide

Cheapest Available Cherry Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cherry, IL is a Studio unit found at Northland Park Apartments priced from $625. MEADOWS OF LUKE RIDGE has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Cherry apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$670
Dixon River Apartments1BD/1BA1BR,1BA$675

Best Value Apartments for Rent in Cherry, IL and Nearby

As of May 09, 2026 the best value apartment in the Cherry area is the $1.02 price per square foot 2 Bedroom One Bathroom Model at Amber Manor in the in the Devonaire Farms neighborhood starting from $1,009. The second greatest value Cherry apartment is the 3 Model at Eco Park starting at $1,255 with a $1.29 price per square foot in the Devonaire Farms neighborhood. Here is today’s list of the best values for Cherry apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Amber Manor2 Bedroom One Bathroom2BR,1BA$1.02
Eco Park33BR,2BA$1.29
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$0.71
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Willis Senior Lofts1 Bedroom - Subsidized1BR,1BA$1.24
Varsity Square Apartments1 Bedroom with Dining Room1BR,1BA$1.71
Northland Park ApartmentsStudioStudio ,1BA$1.51
Ashbury CourtSTStudio ,1BA$1.98
University Plaza ApartmentsA1 Floor Plan1BR,1BA$3.15

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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Quick Rent Budget Calculator

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

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Frequently Asked Questions about Cherry

What type of rentals are currently available in Cherry?

There are currently 43 Apartments for Rent in Cherry, IL with pricing that ranges from $450 to $2,500. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cherry ranging from $500 to $3,500.

What is the current price range for Rental Homes in Cherry?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cherry ranges from $500 to $3,500 with an average monthly rent of $1,802.

How much are larger Three and Four Bedroom Rentals in Cherry?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cherry range from $757 to $1,680, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,295.

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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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.

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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.

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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.

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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.