Cheap Apartments for Rent in Clay City, IL from $300 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Clay City.

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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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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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
  • Utilities Included
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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • 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.

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600 Marshall Ave
1 to 2 Bedroom Apartments

600 Marshall Ave

600 Marshall AveMattoon, IL 61938

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-40, Page 1 of 1

Clay City, IL Local Guide

Cheapest Available Clay City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Clay City, IL is a 1 Bed unit found at Arthur Ave Apartments priced from $610. Southern Meadows Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Clay City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arthur Ave Apartments1x11BR,1BA$610
Southern Meadows Senior Living1 Bed Apt1BR,1BA$650
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
616 S 6th St1/11BR,1BA$729
Lakewood Flats and Townhomes1sm wd1BR,1BA$765
OldeTowne Apartments3 Bed/1.5 Bath3BR,1BA$799
Kingsbury Campus Apartments2 Beds, 1 Bath Model2BR,1BA$800
Elmdale Apartments1 bed 1 bath1BR,1BA$800
Campus Suites1 Bed 1 Bath1BR,1BA$830
1905 12th St2BDR2BR,1BA$920

Best Value Apartments for Rent in Clay City, IL and Nearby

As of May 26, 2026 the best value apartment in the Clay City area is the $1.04 price per square foot 3BR Villa Model at Circle Point Villas in the starting from $1,595. The second greatest value Clay City apartment is the 3 Bed 2.5 Bath Model at Panther Heights starting at $1,380 with a $0.99 price per square foot . Here is today’s list of the best values for Clay City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point Villas3BR Villa3BR,2BA$1.04
Panther Heights3 Bed 2.5 Bath3BR,2.5BA$0.99
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Lake Land Living3 Bedroom 1 baths3BR,1BA$0.47
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.10
North ParkBerkshire2BR,1.5BA$1.12
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.38
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Kingsbury Campus Apartments2 Beds, 1 Bath Model2BR,1BA$1.05
Arthur Ave Apartments1x11BR,1BA$0.97

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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Quick 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.

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

Explore Clay City, IL Rentals by Map

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See the most popular apartments and homes in Clay City, IL

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Frequently Asked Questions about Cheap Clay City Apartments

How much is rent for a Cheap One Bedroom Clay City Apartment?

The lowest price for a Cheap One Bedroom Clay City Apartment is $610 at Arthur Ave Apartments.

What is the lowest price for a Cheap Two Bedroom Clay City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Clay City is starting from $700 at Southern Meadows Senior Living.

What is the most affordable Clay City Three Bedroom Apartment?

The best deal on a cheap Clay City Three Bedroom Apartment rental is at OldeTowne Apartments and starts from $799.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.