
Cheap Homes for Rent in Cortland, IL from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Cortland.


242 W Lincoln Ave

555 N Strack St
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.

358 Augusta Ave

637 W Main St

108 Boulder Ct
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.
Cortland, IL Local Guide

How much does it cost to rent a home in Cortland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cortland 2 Bedroom Homes for Rent | $1,976 | $1,325 | $2,400 |
| Cortland 3 Bedroom Homes for Rent | $2,649 | $1,700 | $4,000 |
| Cortland 4 Bedroom Homes for Rent | $3,643 | $2,625 | $5,000 |
| Cortland 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Top Homes for Rent in Cortland
Explore Cortland
Cortland, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Cortland Apartments for Rent and Nearby
 The cheapest available apartment rental in Cortland, IL is a Studio unit found at University Heights Apartments in the Devonaire Farms neighborhood priced from $780. Varsity Square Apartments in the Devonaire Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $938. Here is today’s list of the most affordable Cortland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Heights Apartments | St | Studio,1BA | $780 |
| Varsity Square Apartments | 1 Bedroom with Dining Room | 1BR,1BA | $938 |
| Ashbury Court | 2B | 2BR,1BA | $1,075 |
Best Value Apartments for Rent in Cortland, IL and Nearby
As of June 11, 2026 the best value apartment in the Cortland area is the $0.98 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Devonaire Farms neighborhood starting from $2,150. The second greatest value Cortland apartment is the Gregory End Model at Terrabrook at Prairie Ridge starting at $2,500 with a $1.37 price per square foot . Here is today’s list of the best values for Cortland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mason Townhouse Suites | 4 TH | 4BR,3BA | $0.98 |
| Terrabrook at Prairie Ridge | Gregory End | 4BR,2.5BA | $1.37 |
| Reserve at Village Center | Sunflower | 2BR,2BA | $1.98 |
| The Village at Mill Creek | Ginkgo | 2BR,2BA | $2.18 |
| Lincolnshire West | 2gu | 2BR,1.5BA | $1.39 |
| Ashbury Court | 2B | 2BR,1BA | $1.30 |
| Reserve-Mill Creek and Reserve-Greng's Park | Eldon | 1BR,1BA | $2.57 |
| Residence at Mill Creek | Deerpath | Studio ,1BA | $2.70 |
| Varsity Square Apartments | 1 Bedroom with Dining Room | 1BR,1BA | $1.71 |
| University Heights Apartments | St | Studio ,1BA | $1.80 |
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 Cortland, IL Rentals by Map
See the most popular apartments and homes in Cortland, IL
Frequently Asked Questions about Cortland
What type of rentals are currently available in Cortland?
There are currently 45 Apartments for Rent in Cortland, IL with pricing that ranges from $450 to $2,950. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cortland ranging from $650 to $6,500.
What is the current price range for Rental Homes in Cortland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cortland ranges from $650 to $6,500 with an average monthly rent of $3,196.
How much are larger Three and Four Bedroom Rentals in Cortland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Cortland range from $849 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,625 and Four Bedroom Apartments start at $1,295.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.