Cheap Apartments for Rent near Donovan, IL from $500 (28 Rentals)

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

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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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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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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
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409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347
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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466

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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Showing Results 1-28, Page 1 of 1

Donovan, IL Local Guide

Cheapest Available Donovan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Donovan, IL is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Madison Cottage of Rensselaer in the Jasper County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $970. Here is today’s list of the most affordable Donovan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Madison Cottage of Rensselaer1x11BR,1BA$970
Linden Park ApartmentsStudio BStudio,1BA$1,110
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
Carriage Creek ApartmentsStudio Mid-RiseStudio,1BA$1,135
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Harvest Grove Apartment Homes1BD-Small1BR,1BA$1,161
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Hidden CreekDanube1BR,1BA$1,239
Sherwood Lake Apartments8501BR,1BA$1,245

Best Value Apartments for Rent in Donovan, IL and Nearby

As of July 28, 2026 the best value apartment in the Donovan area is the $1.66 price per square foot 2 Bedroom, 1 Bath - Renovated Model at Cypress Pointe in the in the Downtown Crown Point neighborhood starting from $1,579. The second greatest value Donovan apartment is the 2 BED 1 BATH Model at ST JAMES SENIOR APARTMENTS starting at $1,159 with a $1.25 price per square foot in the University Park neighborhood. Here is today’s list of the best values for Donovan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cypress Pointe2 Bedroom, 1 Bath - Renovated2BR,1BA$1.66
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Harvest Ridge Apartment Homes2X12BR,1BA$1.50
Sherwood Lake ApartmentsUPGRADED 1 BEDROOM1BR,1BA$1.62
Madison Cottage of Rensselaer1x11BR,1BA$1.14
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Whitcomb Terrace ApartmentsDesert Classic1BR,1BA$1.75
2100 N Main St1 Bed 1 Bath1BR,1BA$1.50
Harvest Grove Apartment Homes1BD-Small1BR,1BA$1.66

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 Donovan, IL Rentals by Map

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See the most popular apartments and homes in Donovan, IL

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Frequently Asked Questions about Cheap Donovan Apartments

What is the Cheapest Studio apartment in Donovan?

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

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

The lowest price for a Cheap One Bedroom Donovan Apartment is $970 at Madison Cottage of Rensselaer.

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

Today's best deal for a Cheap Two Bedroom Apartment in Donovan is starting from $1,159 at ST JAMES SENIOR APARTMENTS.

What is the most affordable Donovan Three Bedroom Apartment?

The best deal on a cheap Donovan Three Bedroom Apartment rental is at Madison Cottage of Rensselaer and starts from $1,367.

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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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.

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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.