Cheap Apartments for Rent near Collison, IL from $500 (46 Rentals)

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

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.

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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.

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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832

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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Showing Results 1-46, Page 1 of 1

Collison, IL Local Guide

Cheapest Available Collison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Collison, IL is a 1 Bed unit found at Wabash Shore Apartments priced from $699. Brookhaven has the second lowest priced unit, which is a 1 Bed apartment currently listed from $717. Here is today’s list of the most affordable Collison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wabash Shore Apartments1BR/1.0BA1BR,1BA$699
Brookhaven1 Bed/ 1 Bath1BR,1BA$717
West Liberty Point 1BRWest Liberty Point 1BR - West...1BR,1BA$725
Waterview Estates1x1Waterview Estates1BR,1BA$730
The Verander1Br1BR,1BA$732
2008 S Vawter St4 Beds4BR,2BA$800
Townway Place1 Beds, 1 Baths1BR,1BA$800
Urbana Estates1x1Urbana Estates1BR,1BA$800
The Grove1BR1BR,1BA$816
Town & Country ApartmentsHeritage1BR,1BA$830

Best Value Apartments for Rent in Collison, IL and Nearby

As of July 23, 2026 the best value apartment in the Collison area is the $0.69 price per square foot 3x3 Model at The Linc Apartments in the starting from $785. The second greatest value Collison apartment is the 2 Bed 2 Bath Sm Apt Model at Devonshire Village starting at $1,206 with a $1.09 price per square foot . Here is today’s list of the best values for Collison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Linc Apartments3x33BR,3BA$0.69
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
2008 S Vawter St3 Beds3BR,1BA$1.05
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.88
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Waterview Estates1x1Waterview Estates1BR,1BA$1.09
Urbana Estates1x1Urbana Estates1BR,1BA$1.22
Town & Country ApartmentsHeritage1BR,1BA$1.28
The AtriumSingle (shared common area)1BR,1BA$1.33

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!

Explore Collison, IL Rentals by Map

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See the most popular apartments and homes in Collison, IL

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Frequently Asked Questions about Cheap Collison Apartments

How much is rent for a Cheap One Bedroom Collison Apartment?

The lowest price for a Cheap One Bedroom Collison Apartment is $699 at Wabash Shore Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Collison is starting from $800 at Brookhaven.

What is the most affordable Collison Three Bedroom Apartment?

The best deal on a cheap Collison Three Bedroom Apartment rental is at South Pointe Commons and starts from $929.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.