
Cheap Homes for Rent near Cherry Valley, IL from $750 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Cherry Valley.


4860 Creek View Rd

314 N Longwood St
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.

215 Macon Dr

720 Whitman St

204 Monterey Dr
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.

209 Monterey Dr
Cherry Valley, IL Local Guide

How much does it cost to rent a home in Cherry Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cherry Valley 2 Bedroom Homes for Rent | $1,639 | $1,000 | $2,500 |
| Cherry Valley 3 Bedroom Homes for Rent | $1,807 | $1,149 | $2,800 |
| Cherry Valley 4 Bedroom Homes for Rent | $1,973 | $1,475 | $2,795 |
| Cherry Valley 5 Bedroom Homes for Rent | $1,947 | $1,795 | $2,100 |
| Cherry Valley 6 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Top Homes for Rent in Cherry Valley
Explore Cherry Valley
Cherry Valley, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,161. 4651 GOVERNORS DR in the Airport neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,175. 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 | $1,161 |
| 4651 GOVERNORS DR | 2BR/1.0BA | 2BR,1BA | $1,175 |
| Beacon Hill Apartments | Bluebell | 1BR,1BA | $1,233 |
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 Cherry Valley
What type of rentals are currently available in Cherry Valley?
There are currently 55 Apartments for Rent in Cherry Valley, IL with pricing that ranges from $865 to $2,122. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cherry Valley ranging from $750 to $2,800.
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 $750 to $2,800 with an average monthly rent of $1,707.
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.