Cheap Homes for Rent in Donovan, IL from $800 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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. 2100 N Main St in the Downtown Crown Point neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Donovan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159

Best Value Apartments for Rent in Donovan, IL and Nearby

As of April 08, 2026 the best value apartment in the Donovan area is the $1.64 price per square foot Capewood Model at Redwood Merrillville in the in the Independence Hill neighborhood starting from $2,649. The second greatest value Donovan apartment is the 3 Bedroom 1 Bath Townhome Renovated Model at Oakwood Townhomes starting at $1,995 with a $1.48 price per square foot in the Lincoln Station 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.
Redwood MerrillvilleCapewood2BR,2BA$1.64
Oakwood Townhomes3 Bedroom 1 Bath Townhome Renovated3BR,1BA$1.48
Maple Leaf ApartmentsMid-rise2BR,1.5BA$1.59
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Harvest Ridge Apartment Homes2X12BR,1BA$1.50
Dynasty House Apartments2 Bedroom UNIV2BR,1BA$1.63
2100 N Main St1 Bed 1 Bath1BR,1BA$1.32
Harvest Grove Apartment Homes1BD-Deluxe1BR,1BA$1.41
Cypress Pointe1 Bedroom, 1 Bath - Standard1BR,1BA$1.67
Fountain View Apartments1BR / 1BA1BR,1BA$1.67

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Donovan, IL Rentals by Map

View Map
Donovan, IL Apartments Map
View Map
Donovan, IL Rental Homes Map

Frequently Asked Questions about Donovan

What type of rentals are currently available in Donovan?

There are currently 43 Apartments for Rent in Donovan, IL with pricing that ranges from $553 to $3,408. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Donovan ranging from $825 to $5,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Donovan ranges from $825 to $5,500 with an average monthly rent of $1,836.

How much are larger Three and Four Bedroom Rentals in Donovan?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Donovan range from $1,367 to $3,256, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $3,408.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.