Cheap Apartments for Rent in Eleroy, IL from $400 (32 Rentals)

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

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.

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Alice Place Monroe
Rent Specials
$913 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$913 - $1,200
Total Monthly Price
$913 - $1,200
1 to 2 Bedroom Apartments Available Now

Alice Place Monroe

124 County Rd NMonroe, WI 53566
Senior Living
  • Verified
  • Low Income
  • Smoke Free

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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Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

406 S 3rd StOregon, IL 61061
Senior Living
  • Utilities Included
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Windsor Apartments
Studio to 3 Bedroom Apartments

Windsor Apartments

902 N Main StRockford, IL 61103
  • Utilities Included

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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Carthage Apartments
1 to 2 Bedroom Apartments

Carthage Apartments

4440 Carthage DrRockford, IL 61109
  • Utilities Included
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2816 Rudeen Close
1 to 2 Bedroom Apartments

2816 Rudeen Close

2816 Rudeen CloseRockford, IL 61108
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Beloit Hillcrest
1 to 2 Bedroom Apartments

Beloit Hillcrest

2200 Burton StBeloit, WI 53511
Senior Living
  • Utilities Included
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4210-4212 7th St
2 Bedroom Apartments

4210-4212 7th St

4210-4212 7th StRockford, IL 61109
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Highland Meadows
1 Bedroom Apartments

Highland Meadows

101 Circle DrLanark, IL 61046
  • Utilities Included
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4703 Turner St
Studio to 2 Bedroom Apartments

4703 Turner St

4703 Turner StRockford, IL 61107
  • Utilities Included

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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Showing Results 1-32, Page 1 of 1

Eleroy, IL Local Guide

Cheapest Available Eleroy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Eleroy, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Northland Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Eleroy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Northland Park ApartmentsStudioStudio,1BA$625
Longwood Garden Apartments1 Bedroom1BR,1BA$718
Dixon River Apartments2BD/2BA2BR,1BA$775
Windsor Apartments2 bedroom 1 bathroom2BR,1BA$825
Prestwick Senior LivingOne Bedroom1BR,1BA$850
Whitestone Manor Apartments529 N Main StudioStudio,1BA$850
Wesleyan Apartments2425-2505 Wesleyan Ave1BR,1BA$895
Alice Place Monroe1 Bedroom1BR,1BA$913
201 - 207 West Win Heights207 - 2 Bed / 1.5 Bath2BR,1BA$945

Best Value Apartments for Rent in Eleroy, IL and Nearby

As of May 31, 2026 the best value apartment in the Eleroy area is the $1.20 price per square foot 3 Bedroom Model at 3428 Harrison Ave in the in the Rolling Green neighborhood starting from $1,500. The second greatest value Eleroy apartment is the 2 bedroom 1 bathroom Model at Windsor Apartments starting at $825 with a $0.67 price per square foot in the Central Terrace neighborhood. Here is today’s list of the best values for Eleroy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3428 Harrison Ave3 Bedroom3BR,1.5BA$1.20
Windsor Apartments2 bedroom 1 bathroom2BR,1BA$0.67
201 - 207 West Win Heights201 - 2 Bed / 2 Bath2BR,2BA$1.04
Roberts Court2 Beds, 1.5 baths2BR,1.5BA$0.97
The HamptonsRidge Two Bedroom2BR,1BA$1.34
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Creekview ApartmentsNewly Renovated 1BR+Washer/dryer1BR,1BA$1.36
**CREEKVIEW PROPERTIES**Upper floor with dishwasher2BR,1BA$1.31
Prestwick Senior LivingOne Bedroom1BR,1BA$1.30
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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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Real 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.

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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.

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

Explore Eleroy, IL Rentals by Map

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Frequently Asked Questions about Cheap Eleroy Apartments

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

The lowest price for a Cheap One Bedroom Eleroy Apartment is $480 at Rockford Housing Authority.

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

Today's best deal for a Cheap Two Bedroom Apartment in Eleroy is starting from $480 at Rockford Housing Authority.

What is the most affordable Eleroy Three Bedroom Apartment?

The best deal on a cheap Eleroy Three Bedroom Apartment rental is at Dixon River Apartments and starts from $910.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.