Cheap Apartments for Rent near Donovan, IL from $553 (36 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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21746 Jeffrey
1 to 2 Bedroom Apartments

21746 Jeffrey

21746 S Jeffrey AveSauk Village, IL 60411
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
property at 29837 IL-50
$1,000 - $1,400
1 To 2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

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

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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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
property at 7300 W 128th Pl
$1,150
2 Bedroom Rentals
Available Now

7300 W 128th Pl

Cedar LakeIN46303
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Richton Trail
1 to 2 Bedroom Apartments

Richton Trail

4522 Heartland DrRichton Park, IL 60471
  • Utilities Included
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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 1-36, 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 AStudio,1BA$1,050
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Harvest Grove Apartment Homes1BD-Deluxe1BR,1BA$1,163
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Carriage Creek Apartments1 Bed 1 Bath Garden A1BR,1BA$1,205
Highbranch Apartments1BR/1.0BA1BR,1BA$1,230
Hidden CreekDanube1BR,1BA$1,239
Sherwood Lake Apartments8501BR,1BA$1,245

Best Value Apartments for Rent in Donovan, IL and Nearby

As of September 11, 2026 the best value apartment in the Donovan area is the $1.04 price per square foot 2 Bed 1 Bath Model at 2100 N Main St in the in the Downtown Crown Point neighborhood starting from $1,250. The second greatest value Donovan apartment is the 2BR/1.0BA Model at 2601 Morningside Drive starting at $1,350 with a $1.35 price per square foot . 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.
2100 N Main St2 Bed 1 Bath2BR,1BA$1.04
2601 Morningside Drive2BR/1.0BA2BR,1BA$1.35
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Whitcomb Terrace ApartmentsColonial Invitational2BR,1BA$1.47
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.66
Harvest Ridge Apartment Homes2X12BR,1BA$1.50
Sherwood Lake ApartmentsUPGRADED 1 BEDROOM1BR,1BA$1.62
Harvest Grove Apartment Homes1BD-Deluxe1BR,1BA$1.37
Madison Cottage of Rensselaer1x11BR,1BA$1.14
Maple Leaf ApartmentsGarden1BR,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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Frequently Asked Questions about Cheap Donovan Apartments

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.