
Cheap Apartments for Rent in Cherry Valley, IL from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Cherry Valley.


Cherryvale Apartments

Terra Creek Apartments

Pembrook Place

The Meadows

Beacon Hill Apartments

Breckenridge Apartments - Remodeled 2 Bedrooms
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.

4566 Governors Dr

Great Oaks Apartments

Walden Woods

4973 Hampshire St

Mulford Park Apartments

The Villas of Walden Woods

Spacious 1 &2 Bedrooms with Balcony, Parking and Onsite Laundry
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.

4469 Trevor Cir

4520 Governors Dr

4581 Trevor Cir

4604 Governors Dr

Midvale Apartments

4504-4520 Trevor Cir

4609 Trevor Cir
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $1,625 | $865 | $2,039 |
| Cherry Valley 1 Bedroom Apartments | $1,076 | $919 | $1,500 |
| Cherry Valley 2 Bedroom Apartments | $1,491 | $1,050 | $1,775 |
| Cherry Valley 3 Bedroom Apartments | $1,962 | $1,685 | $2,500 |
Browse Top Apartments in Cherry Valley
See all Apartments in Cherry ValleyExplore Cherry Valley
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 $879. Great Oaks Apartments in the Camp Grant neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,178. 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 | $879 |
| Great Oaks Apartments | Marigold at Great Oaks | 2BR,1BA | $1,178 |
| The Meadows | Two Bedroom Two Bath | 2BR,2BA | $1,500 |
| Terra Creek Apartments | Yellowstone | 2BR,1BA | $1,565 |
Best Value Apartments for Rent in Cherry Valley, IL and Nearby
As of May 28, 2026 the best value apartment in the Cherry Valley area is the $1.61 price per square foot Yellowstone Model at Terra Creek Apartments in the in the East Rockford neighborhood starting from $1,565. The second greatest value Cherry Valley apartment is the Dahlia Deluxe Model at Beacon Hill Apartments starting at $1,399 with a $1.69 price per square foot in the Camp Grant 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. |
|---|---|---|---|
| Terra Creek Apartments | Yellowstone | 2BR,1BA | $1.61 |
| Beacon Hill Apartments | Dahlia Deluxe | 2BR,1BA | $1.69 |
| The Meadows | Crossing One Bedroom One Bath | 1BR,1BA | $1.88 |
| Great Oaks Apartments | Marigold at Great Oaks | 2BR,1BA | $1.73 |
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
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 $1,178 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

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.

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.

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.

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.