
Cheap Apartments for Rent in the Downtown Edwardsville Neighborhood of Edwardsville, IL from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Edwardsville area of Edwardsville.


Parkview

Whispering Heights

1401 N 2nd St

Landshire Apartments
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.

Trace on the Parkway

Hickory Grove Apartments

300 Main Apartments

Enclave

ReNew Edwardsville at South Pointe
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.

North Town Apartments
Downtown Edwardsville, Edwardsville, IL Local Guide

How much does it cost to rent an apartment in Downtown Edwardsville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Edwardsville Studio Apartments | $1,352 | $1,340 | $1,365 |
| Downtown Edwardsville 1 Bedroom Apartments | $2,240 | $2,240 | $2,240 |
| Downtown Edwardsville 2 Bedroom Apartments | $1,729 | $1,100 | $2,719 |
| Downtown Edwardsville 3 Bedroom Apartments | $2,422 | $1,099 | $3,289 |
| Downtown Edwardsville 4 Bedroom Apartments | $724 | $714 | $734 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown Edwardsville Neighborhood of Edwardsville, IL.
See all Apartments in EdwardsvilleExplore Edwardsville
Downtown Edwardsville, Edwardsville, IL Local Guide
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Cheapest Available Downtown Edwardsville Apartments for Rent
 The cheapest available apartment rental in the Downtown Edwardsville area of Edwardsville, IL is a 2 Beds unit found at Parkview priced from $1,150. Storyboard on Lancashire has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,250. Here are the most affordable Downtown Edwardsville apartments for rent in Edwardsville, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkview | 2x1.5 | 2BR,1BA | $1,150 |
| Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1,250 |
| Whispering Heights | wh.S1 | Studio,1BA | $1,340 |
| ReNew Edwardsville Apartment Collection | 2 BR x 1.5 BA Townhome - Cherry Hills | 2BR,1BA | $1,599 |
| Station on Main | 1-1F | 1BR,1BA | $2,240 |
Best Value Apartments for Rent in Downtown Edwardsville, IL
As of June 19, 2026 the best value apartment in the Downtown Edwardsville area is the $1.05 price per square foot 2x1.5 Model at Parkview in the in the Fruit Maple Carpenter neighborhood starting from $1,150. The second greatest value Downtown Edwardsville apartment is the Lancashire B1 Model at Storyboard on Lancashire starting at $1,250 with a $1.18 price per square foot in the Fruit Maple Carpenter neighborhood. Here is today’s list of the best values for Downtown Edwardsville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkview | 2x1.5 | 2BR,1.5BA | $1.05 |
| Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1.18 |
| ReNew Edwardsville Apartment Collection | 2 BR x 1.5 BA Townhome - Cherry Hills | 2BR,1.5BA | $1.60 |
| Station on Main | 1-1F | 1BR,1BA | $3.13 |
| Whispering Heights | wh.S1 | Studio ,1BA | $2.66 |
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.
Pet Friendly LifestyleDowntown Edwardsville, Edwardsville, IL
Ranked #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Edwardsville Apartments
What is the Cheapest Studio apartment in Downtown Edwardsville?
Currently the most affordable Cheap Studio Apartment in Downtown Edwardsville is at Whispering Heights listed at $1,340.
What is the lowest price for a Cheap Two Bedroom Downtown Edwardsville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Edwardsville is starting from $1,150 at Parkview.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.