Cheap Apartments for Rent near Danforth, IL from $500 (27 Rentals)

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

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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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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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
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101 E Bannon St
1 to 2 Bedroom Apartments

101 E Bannon St

101 E Bannon StDwight, IL 60420

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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property at 29837 IL-50

$1,000 - $1,600

1 To 3 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
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1304 E North St
1 to 2 Bedroom Apartments

1304 E North St

1304 E North StBradley, IL 60915
Showing Results 1-27, Page 1 of 1

Danforth, IL Local Guide

Cheapest Available Danforth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Danforth, IL is a 1 Bed unit found at West Liberty Point 1BR priced from $725. Phoenix Apartments of Pontiac has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Danforth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Liberty Point 1BRWest Liberty Point 1BR - West...1BR,1BA$725
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Crest ApartmentsStudioStudio,1BA$800
Falcon Way TownhomesTwo Bedroom Townhome2BR,1BA$821
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1BA$931
Stone FallsOne Bedroom, Base Package1BR,1BA$949
Madison Cottage of Rensselaer1x11BR,1BA$970
Pontiac Towers1 Bedroom1BR,1BA$990
Linden Park ApartmentsStudio BStudio,1BA$1,110
Carriage Creek ApartmentsStudio Mid-RiseStudio,1BA$1,135

Best Value Apartments for Rent in Danforth, IL and Nearby

As of July 30, 2026 the best value apartment in the Danforth area is the $0.91 price per square foot 3BR/1.5BA Model at Bellarmine Estates in the in the Sunset Point neighborhood starting from $2,195. The second greatest value Danforth apartment is the South Pointe 3bd/1.5ba Townhouse Model at South Pointe Commons starting at $931 with a $0.89 price per square foot . Here is today’s list of the best values for Danforth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bellarmine Estates3BR/1.5BA3BR,1.5BA$0.91
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.89
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Phoenix Apartments of Pontiac2 Bedroom 1 Bathroom2BR,1BA$1.05
Madison Cottage of Rensselaer1x11BR,1BA$1.14
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Falcon Way TownhomesTwo Bedroom Townhome2BR,1BA$1.03

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 Danforth, IL Rentals by Map

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Frequently Asked Questions about Cheap Danforth Apartments

What is the Cheapest Studio apartment in Danforth?

Currently the most affordable Cheap Studio Apartment in Danforth is at Crest Apartments listed at $800.

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

The lowest price for a Cheap One Bedroom Danforth Apartment is $725 at West Liberty Point 1BR.

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

Today's best deal for a Cheap Two Bedroom Apartment in Danforth is starting from $821 at Falcon Way Townhomes.

What is the most affordable Danforth Three Bedroom Apartment?

The best deal on a cheap Danforth Three Bedroom Apartment rental is at South Pointe Commons and starts from $931.

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

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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.