Cheap Apartments for Rent in Donovan, IL from $500 (27 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347
property at 29837 IL-50

$1,200

1 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468
Showing Results 1-27, 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 1 Bed unit found at ST JAMES SENIOR APARTMENTS in the University Park neighborhood priced from $553. Fowler Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Donovan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
ST JAMES SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$553
Fowler Place ApartmentsFloorplan F1BR,1BA$599
Madison Cottage of Rensselaer1x11BR,1BA$879
1304 E North St2 Bedroom, 1 Bath2BR,1BA$950
The Shields2 Bedroom2BR,1BA$979
Linden Park ApartmentsStudio AStudio,1BA$1,000
Carriage Creek Apartments1 bedroom2BR,1BA$1,025
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
Whitcomb Terrace ApartmentsDesert Classic1BR,1BA$1,150
Cypress Pointe1 Bedroom, 1 Bath - Standard1BR,1BA$1,199

Best Value Apartments for Rent in Donovan, IL and Nearby

As of January 20, 2026 the best value apartment in the Donovan area is the $1.44 price per square foot 3 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,939. The second greatest value Donovan apartment is the 2BR / 1BA Model at Fountain View Apartments starting at $1,350 with a $1.31 price per square foot in the Downtown Crown Point 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.
Central Park3 Bedroom 1 Bath Townhouse3BR,1BA$1.44
Fountain View Apartments2BR / 1BA2BR,1BA$1.31
The Shields2 Bedroom2BR,1BA$1.00
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Carriage Creek Apartments2 bedroom2BR,1BA$1.42
Madison Cottage of Rensselaer1x11BR,1BA$1.03
2100 N Main St1 Bed 1 Bath1BR,1BA$1.32
Harvest Grove Apartment Homes1BD-Deluxe1BR,1BA$1.41
Whitcomb Terrace ApartmentsDesert Classic1BR,1BA$1.46
Fowler Place ApartmentsFloorplan C1BR,1BA$1.46

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!

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 Linden Park Apartments listed at $1,000.

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

The lowest price for a Cheap One Bedroom Donovan Apartment is $553 at ST JAMES SENIOR APARTMENTS.

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 $950 at 1304 E North St.

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 $1,215.

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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!