Cheap Homes for Rent in Colchester, IL from $500 (17 Rentals)

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property at 119 Vanburen Ct

119 Vanburen Ct

CantonIL61520

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.

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.

property at 116 N 5th St

116 N 5th St

BurlingtonIA52601

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Colchester, IL Local Guide

Cheapest Available Colchester Apartments for Rent and Nearby

 

The cheapest available apartment rental in Colchester, IL is a 3 Beds unit found at Cedar Creek Crossing Apartments priced from $340. Macomb Rentals has the second lowest priced unit, which is a Studio apartment currently listed from $390. Here is today’s list of the most affordable Colchester apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments3 Bed 2 Bath3BR,2BA$340
Macomb RentalsStudio, 1 bathStudio,1BA$390
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$462
Mediapolis VillageUnit 382BR,1BA$495
Mayfair Manor2x12BR,1BA$525

Best Value Apartments for Rent in Colchester, IL and Nearby

As of September 11, 2025 the best value apartment in the Colchester area is the $0.75 price per square foot 3 Bedroom and 1 Bath Model at School House Apartments in the in the Pershing Place neighborhood starting from $1,050. The second greatest value Colchester apartment is the Three Beds Two Baths Model at Emerson Garden Apartments starting at $1,400 with a $1.08 price per square foot . Here is today’s list of the best values for Colchester apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
School House Apartments3 Bedroom and 1 Bath3BR,1BA$0.75
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1.08
Cedar Creek Crossing Apartments3 Bed 2 Bath3BR,2BA$0.30
PARKWAY ESTATES3 Bedroom 2 Bath3BR,2BA$0.81
Mediapolis VillageUnit 414BR,2BA$0.75
Westland Village2x12BR,1BA$0.89
Blaul LoftsBlaul Lofts - 4031BR,1BA$1.00
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$0.97
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Jacksonville Affordable Housing1 Bedroom 60%1BR,1BA$0.84

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

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Frequently Asked Questions about Colchester

What type of rentals are currently available in Colchester?

There are currently 46 Apartments for Rent in Colchester, IL with pricing that ranges from $300 to $1,900. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colchester ranging from $550 to $2,000.

What is the current price range for Rental Homes in Colchester?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Colchester ranges from $550 to $2,000 with an average monthly rent of $1,103.

How much are larger Three and Four Bedroom Rentals in Colchester?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Colchester range from $340 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,140 and Four Bedroom Apartments start at $600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.