Cheap Apartments for Rent in Effingham, IL from $300 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Effingham.

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.

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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.

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Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920

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.

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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
  • Utilities Included
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McKay Manor
1 to 3 Bedroom Apartments

McKay Manor

1 McKay Manor DrBreese, IL 62230
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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included
property at 205 North St

205 North St

RaymondIL62560

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-28, Page 1 of 1

Effingham, IL Local Guide

Cheapest Available Effingham Apartments for Rent and Nearby

 

The cheapest available apartment rental in Effingham, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Effingham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Rider Place1 Bedroom1BR,1BA$500
The Millennium Apartments3 Bedroom3BR,1BA$505
McKay Manor2 Bedroom2BR,1BA$548
Melrose and Brooklyn Heights Apartments2 Bed 1 Bath2BR,1BA$585
The Quarry ApartmentsBasaltStudio,1BA$600
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
OldeTowne Apartments1 Bed/1 Bath1BR,1BA$629
1905 12th St1BDR1BR,1BA$650

Best Value Apartments for Rent in Effingham, IL and Nearby

As of December 16, 2025 the best value apartment in the Effingham area is the $0.91 price per square foot 3 Bedroom Model at McKay Manor in the starting from $1,150. The second greatest value Effingham apartment is the 3BR/1.5BA Model at Decatur Flats Apartments starting at $1,199 with a $0.96 price per square foot . Here is today’s list of the best values for Effingham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
McKay Manor3 Bedroom3BR,2BA$0.91
Decatur Flats Apartments3BR/1.5BA3BR,1.5BA$0.96
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
2474 N FlorianUnit 112BR,1.5BA$1.13
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16
600 Marshall Ave1/11BR,1BA$1.17
Rider Place1 Bedroom1BR,1BA$0.92

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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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.

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Best Local Schools in
Effingham, IL

School data provided by Great Schools

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

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Getting Around Effingham, IL

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Effingham, IL Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Kathy • 2+ years in Effingham

September 24, 2025

There are a lot of parks, bars, and churches. And doctors! It’s a super tiny town but it’s got more like tiny town vibes.

Frequently Asked Questions about Cheap Effingham Apartments

What is the Cheapest Studio apartment in Effingham?

Currently the most affordable Cheap Studio Apartment in Effingham is at Roosevelt School Apartments listed at $469.

How much is rent for a Cheap One Bedroom Effingham Apartment?

The lowest price for a Cheap One Bedroom Effingham Apartment is $421 at RESERVE AT LAKEVIEW.

What is the lowest price for a Cheap Two Bedroom Effingham Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Effingham is starting from $507 at RESERVE AT LAKEVIEW.

What is the most affordable Effingham Three Bedroom Apartment?

The best deal on a cheap Effingham Three Bedroom Apartment rental is at The Millennium Apartments and starts from $505.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.