
Cheap Homes for Rent in Cortland, IL from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Cortland.


25 E Chestnut Ave

50W 353 Old State Rd
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.

434 S Peace Rd

1472 Cambria Dr

101 Granite Way
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.

811 Ellwood Ave
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 | $1,925 | $1,450 | $2,400 |
| Cortland 3 Bedroom Homes for Rent | $2,640 | $1,800 | $3,300 |
| Cortland 4 Bedroom Homes for Rent | $3,455 | $2,200 | $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 The Terraces at Dekalb on Ridge Drive in the Devonaire Farms neighborhood priced from $725. Ashbury Court in the Devonaire Farms neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $815. Here is today’s list of the most affordable Cortland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Terraces at Dekalb on Ridge Drive | Ridge Drive Studio | Studio,1BA | $725 |
| Ashbury Court | ST | Studio,1BA | $815 |
| University Heights Apartments | 1B | 1BR,1BA | $895 |
Best Value Apartments for Rent in Cortland, IL and Nearby
As of April 26, 2026 the best value apartment in the Cortland area is the $1.37 price per square foot Gregory End Model at Terrabrook at Prairie Ridge in the starting from $2,500. The second greatest value Cortland apartment is the Oakleaf Model at The Village at Mill Creek starting at $2,349 with a $2.19 price per square foot in the Randall Road Corridor neighborhood. 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. |
|---|---|---|---|
| Terrabrook at Prairie Ridge | Gregory End | 4BR,2.5BA | $1.37 |
| The Village at Mill Creek | Oakleaf | 2BR,2BA | $2.19 |
| Residence at Mill Creek | Cobblestone | 1BR,1BA | $2.25 |
| Reserve-Mill Creek and Reserve-Greng's Park | Eldon | 1BR,1BA | $2.57 |
| Reserve at Village Center | Marigold | Studio ,1BA | $2.80 |
| University Heights Apartments | 1B | 1BR,1BA | $1.58 |
| Ashbury Court | ST | Studio ,1BA | $1.98 |
| University Plaza Apartments | A1 Floor Plan | 1BR,1BA | $3.15 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 36 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 $2,308.
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 $789 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,200 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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.