
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

Great Oaks Apartments
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

Breckenridge Rockford Apartments

Walden Woods

4973 Hampshire St

Mulford Park Apartments

The Villas of Walden Woods

Forest View Apartments
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 | $1,627 | $865 | $2,004 |
| Cherry Valley 1 Bedroom Apartments | $1,137 | $931 | $1,735 |
| Cherry Valley 2 Bedroom Apartments | $1,445 | $900 | $1,860 |
| Cherry Valley 3 Bedroom Apartments | $1,918 | $1,640 | $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 2 Beds unit found at Great Oaks Apartments in the Camp Grant neighborhood priced from $1,132. Beacon Hill Apartments in the Camp Grant neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,234. Here is today’s list of the most affordable Cherry Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Great Oaks Apartments | Marigold at Great Oaks | 2BR,1BA | $1,132 |
| Beacon Hill Apartments | Iris | 2BR,1BA | $1,234 |
| Terra Creek Apartments | Yellowstone | 2BR,1BA | $1,565 |
| Pembrook Place | Chestnut | 1BR,1BA | $1,735 |
Best Value Apartments for Rent in Cherry Valley, IL and Nearby
As of July 15, 2026 the best value apartment in the Cherry Valley area is the $1.62 price per square foot Chestnut Model at Pembrook Place in the in the Rolling Green neighborhood starting from $1,735. The second greatest value Cherry Valley apartment is the Yellowstone Model at Terra Creek Apartments starting at $1,565 with a $1.61 price per square foot in the East Rockford 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. |
|---|---|---|---|
| Pembrook Place | Chestnut | 1BR,1BA | $1.62 |
| Terra Creek Apartments | Yellowstone | 2BR,1BA | $1.61 |
| 6840 Harrison Ave, Unit 6840 harrison avenue | 6840 Harrison Ave | 2BR,1BA | $1.13 |
| Beacon Hill Apartments | Iris | 2BR,1BA | $1.76 |
| Great Oaks Apartments | Marigold at Great Oaks | 2BR,1BA | $1.66 |
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 $1,132 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.