
Cheap Homes for Rent near Donovan, IL from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Donovan.


110 E North St

111 Harrington Ave

101 Grant St

29837 IL-50
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.

602 Meadowood Ln

138 S 1st St

514 E Dahlgren St

144 1st

9344 Keilman St
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.

73 Meadowlark Ln
Donovan, IL Local Guide

How much does it cost to rent a home in Donovan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Donovan 2 Bedroom Homes for Rent | $1,571 | $900 | $2,200 |
| Donovan 3 Bedroom Homes for Rent | $2,152 | $1,495 | $4,500 |
| Donovan 4 Bedroom Homes for Rent | $3,436 | $2,495 | $4,500 |
| Donovan 5 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Browse Top Homes for Rent in Donovan
Explore Donovan
Donovan, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $970 |
| 1304 E North St | 2 Bedroom, 1 Bath | 2BR,1BA | $1,100 |
| 2100 N Main St | 1 Bed 1 Bath | 1BR,1BA | $1,125 |
| Carriage Creek Apartments | Studio Mid-Rise | Studio,1BA | $1,135 |
Best Value Apartments for Rent in Donovan, IL and Nearby
As of July 10, 2026 the best value apartment in the Donovan area is the $1.67 price per square foot 2 Bedroom, 1 Bath - Renovated Model at Cypress Pointe in the in the Downtown Crown Point neighborhood starting from $1,589. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cypress Pointe | 2 Bedroom, 1 Bath - Renovated | 2BR,1BA | $1.67 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1.25 |
| Whitcomb Terrace Apartments | Greater Greensboro | 1BR,1BA | $1.56 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Harvest Ridge Apartment Homes | 2X1 | 2BR,1BA | $1.50 |
| Sherwood Lake Apartments | UPGRADED 1 BEDROOM | 1BR,1BA | $1.59 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.14 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| 2100 N Main St | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
| Harvest Grove Apartment Homes | 1BD-Small | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Donovan
What type of rentals are currently available in Donovan?
There are currently 45 Apartments for Rent in Donovan, IL with pricing that ranges from $553 to $3,420. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Donovan ranging from $900 to $4,500.
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 $900 to $4,500 with an average monthly rent of $2,291.
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 $1,036 to $3,372, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,420.
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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.