Cheap Apartments for Rent in Cherry Valley, IL from $400 (21 Rentals)

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Millbrook Townhomes
2 to 3 Bedroom Apartments

Millbrook Townhomes

1754 Millbrook LaneCherry Valley, IL 61016
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Cherryvale Apartments
1 to 2 Bedroom Apartments

Cherryvale Apartments

7620-7640 N Cherryvale BlvdCherry Valley, IL 61016

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.

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Walden Woods
2 to 3 Bedroom Apartments

Walden Woods

5523 Sandhutton CtRockford, IL 61108
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Forest View Apartments
1 to 2 Bedroom Apartments

Forest View Apartments

2020 Forest View RdRockford, IL 61108
  • Utilities Included

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.

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4469 Trevor Cir
1 to 3 Bedroom Apartments

4469 Trevor Cir

4469 Trevor CirRockford, IL 61109
  • Utilities Included
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4520 Governors Dr
2 Bedroom Apartments

4520 Governors Dr

4520 Governors DrRockford, IL 61109
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4581 Trevor Cir
Studio to 3 Bedroom Apartments

4581 Trevor Cir

4581 Trevor CirRockford, IL 61109
  • Utilities Included
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4604 Governors Dr
1 to 2 Bedroom Apartments

4604 Governors Dr

4604 Governors DrRockford, IL 61109
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Midvale Apartments
1 to 2 Bedroom Apartments

Midvale Apartments

5410 Midvale DrRockford, IL 61108
Senior Living
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4504-4520 Trevor Cir
Studio to 2 Bedroom Apartments

4504-4520 Trevor Cir

4504-4520 Trevor CirRockford, IL 61109
  • Utilities Included
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4609 Trevor Cir
1 to 2 Bedroom Apartments

4609 Trevor Cir

4609 Trevor CirRockford, IL 61109
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Great Oaks ApartmentsMarigold at Great Oaks2BR,1BA$1,132
Beacon Hill ApartmentsIris2BR,1BA$1,234
Terra Creek ApartmentsYellowstone2BR,1BA$1,565
Pembrook PlaceChestnut1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pembrook PlaceChestnut1BR,1BA$1.62
Terra Creek ApartmentsYellowstone2BR,1BA$1.61
6840 Harrison Ave, Unit 6840 harrison avenue6840 Harrison Ave2BR,1BA$1.13
Beacon Hill ApartmentsIris2BR,1BA$1.76
Great Oaks ApartmentsMarigold at Great Oaks2BR,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.

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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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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.

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

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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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.

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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.