
Cheap Homes for Rent in Elizabeth, IL from $400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Elizabeth.


555 Alpine St

1124 Locust St

1941 Madison St

527 E Center St

1338 Main St

618 W Clark 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.

711 W Ringold St

2418 Central Ave

437 Loras Blvd

1131 Main St

734 E Shawnee St

331 W Homer St

834 N 4th St
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.
Elizabeth, IL Local Guide

How much does it cost to rent a home in Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elizabeth 2 Bedroom Homes for Rent | $1,120 | $900 | $1,700 |
| Elizabeth 3 Bedroom Homes for Rent | $1,219 | $825 | $1,650 |
| Elizabeth 4 Bedroom Homes for Rent | $1,523 | $925 | $2,800 |
| Elizabeth 5 Bedroom Homes for Rent | $1,625 | $1,400 | $1,850 |
Browse Top Homes for Rent in Elizabeth
Explore Elizabeth
Elizabeth, IL Local Guide
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Cheapest Available Elizabeth Apartments for Rent and Nearby
 The cheapest available apartment rental in Elizabeth, IL is a 3 Beds unit found at Ruxton Apartments priced from $525. Riverside Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Elizabeth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ruxton Apartments | 3G | 3BR,2BA | $525 |
| Riverside Apartments and Townhomes | Studio | Studio,1BA | $525 |
| Northland Park Apartments | Studio | Studio,1BA | $625 |
| 15 E Main St | 1 Bed, 1 bath | 1BR,1BA | $650 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $669 |
Best Value Apartments for Rent in Elizabeth, IL and Nearby
As of January 10, 2026 the best value apartment in the Elizabeth area is the $0.74 price per square foot 3 Bed 2 Bath Model at Super 20 Mobile Home Park in the starting from $945. The second greatest value Elizabeth apartment is the Townhouse I Model at Westgate Residence Townhomes starting at $1,415 with a $1.18 price per square foot . Here is today’s list of the best values for Elizabeth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Super 20 Mobile Home Park | 3 Bed 2 Bath | 3BR,2BA | $0.74 |
| Westgate Residence Townhomes | Townhouse I | 2BR,1.5BA | $1.18 |
| Arrow Ridge | Two Bedroom (A2) | 2BR,1BA | $1.16 |
| 15 E Main St | 1 Bed, 1 bath | 1BR,1BA | $0.65 |
| Cottage Bluff Apartments | 2-Bedroom | 2BR,1BA | $1.02 |
| 73 Manor Dr | 2 Bedroom | 2BR,1BA | $0.92 |
| Winmar Townhomes | 1215-a | 2BR,1BA | $0.79 |
| Ruxton Apartments | 2A | 2BR,2BA | $1.12 |
| Penn Place Apartments | 1 Bedroom | 1BR,1BA | $1.14 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $1.12 |
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 ArticleThe 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.
Read ArticleCash 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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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 Elizabeth
What type of rentals are currently available in Elizabeth?
There are currently 54 Apartments for Rent in Elizabeth, IL with pricing that ranges from $525 to $2,516. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elizabeth ranging from $400 to $2,800.
What is the current price range for Rental Homes in Elizabeth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elizabeth ranges from $400 to $2,800 with an average monthly rent of $1,263.
How much are larger Three and Four Bedroom Rentals in Elizabeth?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elizabeth range from $945 to $1,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $1,650. Four Bedroom Single-Family rentals are also available starting from $925 and Four Bedroom Apartments start at $1,695.
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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!