Cheap Homes for Rent in Cherry Valley, IL from $600 (12 Rentals)

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

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 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 $1,178. Beacon Hill Apartments in the Camp Grant neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,266. 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$1,178
Beacon Hill ApartmentsBluebell Deluxe1BR,1BA$1,266
The MeadowsTwo Bedroom Two Bath2BR,2BA$1,500
Terra Creek ApartmentsYellowstone2BR,1BA$1,565

Best Value Apartments for Rent in Cherry Valley, IL and Nearby

As of May 31, 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 Crossing One Bedroom One Bath Model at The Meadows starting at $1,500 with a $1.88 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.
Terra Creek ApartmentsYellowstone2BR,1BA$1.61
The MeadowsCrossing One Bedroom One Bath1BR,1BA$1.88
Beacon Hill ApartmentsIris2BR,1BA$1.85
Great Oaks ApartmentsMarigold at Great Oaks2BR,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.

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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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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 Cherry Valley

What type of rentals are currently available in Cherry Valley?

There are currently 57 Apartments for Rent in Cherry Valley, IL with pricing that ranges from $865 to $2,500. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cherry Valley ranging from $695 to $3,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cherry Valley ranges from $695 to $3,000 with an average monthly rent of $1,358.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.