
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 | $1,340 | $1,340 | $1,340 |
| Downtown Edwardsville 1 Bedroom Apartments | $1,452 | $725 | $2,240 |
| Downtown Edwardsville 2 Bedroom Apartments | $1,622 | $914 | $2,689 |
| Downtown Edwardsville 3 Bedroom Apartments | $2,494 | $2,339 | $2,649 |
| 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
- Nearby Edwardsville neighborhoods
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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 Storyboard on Lancashire priced from $1,250. Whispering Heights has the second lowest priced unit, which is a Studio apartment currently listed from $1,340. Here are the most affordable Downtown Edwardsville apartments for rent in Edwardsville, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 - South Pointe | 2BR,1BA | $1,529 |
| ReNew Edwardsville at South Pointe | 2 BR x 1.5 BA Townhome - South Pointe | 2BR,1BA | $1,529 |
| Station on Main | 1-1F | 1BR,1BA | $2,240 |
Best Value Apartments for Rent in Downtown Edwardsville, IL
As of May 01, 2026 the best value apartment in the Downtown Edwardsville area is the $1.18 price per square foot Lancashire B1 Model at Storyboard on Lancashire in the in the Fruit Maple Carpenter neighborhood starting from $1,250. The second greatest value Downtown Edwardsville apartment is the 2 BR x 1.5 BA Townhome - Spyglass Model at ReNew Edwardsville Apartment Collection starting at $1,559 with a $1.56 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. |
|---|---|---|---|
| Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1.18 |
| ReNew Edwardsville Apartment Collection | 2 BR x 1.5 BA Townhome - Spyglass | 2BR,1.5BA | $1.56 |
| ReNew Edwardsville at South Pointe | 2 BR x 1.5 BA Townhome - South Pointe | 2BR,1.5BA | $1.54 |
| Station on Main | 1-1F | 1BR,1BA | $3.13 |
| Whispering Heights | wh.S1 | Studio ,1BA | $2.66 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 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 ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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
How much is rent for a Cheap One Bedroom Downtown Edwardsville Apartment?
The lowest price for a Cheap One Bedroom Downtown Edwardsville Apartment is $1,399 at Whispering Heights.
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 $1,250 at Storyboard on Lancashire.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.