Cheap Homes for Rent in Danforth, IL from $500 (8 Rentals)

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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.

property at 29837 IL-50

$1,000 - $1,400

1 To 2 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468

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.

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 Falcon Way Townhomes priced from $732. 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
Falcon Way TownhomesOne Bedroom1BR,1BA$732
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Crest ApartmentsStudioStudio,1BA$800

Best Value Apartments for Rent in Danforth, IL and Nearby

As of May 01, 2026 the best value apartment in the Danforth area is the $1.24 price per square foot Juniper Model at Middletown Place Apartments in the starting from $1,760. The second greatest value Danforth apartment is the Three Bedroom Two Bathroom Model at Meadowview Apartments - Mahomet starting at $960 with a $0.87 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.
Middletown Place ApartmentsJuniper2BR,2BA$1.24
Meadowview Apartments - MahometThree Bedroom Two Bathroom3BR,2BA$0.87
Hunters Pond Apartment HomesTwo Bedroom2BR,2BA$1.47
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Ravine Woods Apartments2 Bedroom - North2BR,1BA$1.58
811 Covey Ln1x11BR,1BA$1.33
Dynasty House Apartments2 Bedroom UNIV2BR,1BA$1.63
Phoenix Apartments of Pontiac2 Bedroom 1 Bathroom2BR,1BA$1.05
Falcon Way TownhomesOne Bedroom1BR,1BA$1.56

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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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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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.

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Cash 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.

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Quick 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.

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

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Frequently Asked Questions about Danforth

What type of rentals are currently available in Danforth?

There are currently 53 Apartments for Rent in Danforth, IL with pricing that ranges from $553 to $2,965. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Danforth ranging from $595 to $2,900.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Danforth ranges from $595 to $2,900 with an average monthly rent of $1,438.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.