
Cheap Apartments for Rent in Cherry Valley, IL from $865 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Cherry Valley.


Millbrook Townhomes

Cherryvale Apartments

5260 Silver Dawn Ln

Beacon Hill Apartments

2444 Holmes St

4604 Governors Dr
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.

5434 Midvale Dr

Great Oaks Apartments

Immaculate Updated 2 Bedroom

4651 GOVERNORS DR

Walden Woods

Mulford Park Apartments

Immaculate Updated 2 Bedroom 1 bath
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.

4566 Governors Dr

2202 7th St

4860 Creek View Rd

4710 Trevor Cir

Forest View Apartments

4551 Governors Dr

4682 Trevor Cir
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.

4536 Trevor Cir

314 N Longwood St

215 Macon Dr

720 Whitman St

127 Regan St

204 Monterey Dr

209 Monterey Dr
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.
Cherry Valley, IL Local Guide

How much does it cost to rent an apartment in Cherry Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cherry Valley Studio Apartments | $1,506 | $865 | $2,122 |
| Cherry Valley 1 Bedroom Apartments | $1,203 | $950 | $1,745 |
| Cherry Valley 2 Bedroom Apartments | $1,448 | $900 | $1,900 |
| Cherry Valley 3 Bedroom Apartments | $1,850 | $1,690 | $1,975 |
Browse Top Apartments in Cherry Valley
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Cherry Valley, IL Local Guide
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Cheapest Available Cherry Valley Apartments for Rent and Nearby
 The cheapest available apartment rental in Cherry Valley, IL is a 1 Bed unit found at Beacon Hill Apartments in the Camp Grant neighborhood priced from $953. Great Oaks Apartments in the Camp Grant neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,161. Here is today’s list of the most affordable Cherry Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beacon Hill Apartments | Primrose - Beacon Hill | 1BR,1BA | $953 |
| Great Oaks Apartments | Marigold at Great Oaks | 2BR,1BA | $1,161 |
| 4651 GOVERNORS DR | 2BR/1.0BA | 2BR,1BA | $1,175 |
| The Meadows | Crossing Two Bedroom Two Bath | 2BR,2BA | $1,606 |
| Terra Creek Apartments | Aspen | 2BR,1BA | $1,650 |
| Pembrook Place | Chestnut Apartment | 1BR,1BA | $1,745 |
Best Value Apartments for Rent in Cherry Valley, IL and Nearby
As of August 30, 2026 the best value apartment in the Cherry Valley area is the $1.49 price per square foot Crossing Two Bedroom Two Bath Model at The Meadows in the in the East Rockford neighborhood starting from $1,606. The second greatest value Cherry Valley apartment is the Chestnut Apartment Model at Pembrook Place starting at $1,745 with a $1.63 price per square foot in the Rolling Green neighborhood. Here is today’s list of the best values for Cherry Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Meadows | Crossing Two Bedroom Two Bath | 2BR,2BA | $1.49 |
| Pembrook Place | Chestnut Apartment | 1BR,1BA | $1.63 |
| Terra Creek Apartments | Aspen | 2BR,1BA | $1.56 |
| 4651 GOVERNORS DR | 2BR/1.0BA | 2BR,1BA | $1.27 |
| Great Oaks Apartments | Marigold at Great Oaks | 2BR,1BA | $1.71 |
| Beacon Hill Apartments | Orchid | 1BR,1BA | $2.22 |
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!
Explore Cherry Valley, IL Rentals by Map
See the most popular apartments and homes in Cherry Valley, IL
Frequently Asked Questions about Cheap Cherry Valley Apartments
How much is rent for a Cheap One Bedroom Cherry Valley Apartment?
The lowest price for a Cheap One Bedroom Cherry Valley Apartment is $953 at Beacon Hill Apartments.
What is the lowest price for a Cheap Two Bedroom Cherry Valley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cherry Valley is starting from $1,161 at Great Oaks Apartments.
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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.

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.