Cheap Apartments for Rent in Erie, IL from $500 (44 Rentals)

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

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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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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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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443 2nd Ave D
1 Bedroom Apartments

443 2nd Ave D

443 2nd Avenue DSilvis, IL 61282
Corporate Housing
  • Utilities Included
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Rock Falls Apartments
Studio to 2 Bedroom Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • 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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Valley View
1 to 3 Bedroom Apartments

Valley View

4700 61st Street DrMoline, IL 61265
  • Utilities Included
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Crow Creek Apartments
1 to 3 Bedroom Apartments

Crow Creek Apartments

5067 Devils Glen RdBettendorf, IA 52722
  • Utilities Included

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 1-44, Page 1 of 1

Erie, IL Local Guide

Cheapest Available Erie Apartments for Rent and Nearby

 

The cheapest available apartment rental in Erie, IL is a Studio unit found at Northland Park Apartments priced from $625. PARK RUN APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Erie apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
PARK RUN APARTMENTS1 Bed 1 Bath1BR,1BA$645
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669
The Avenues At East Moline1 bed 1 Bath1BR,1BA$670
Cross Creek2 x 22BR,2BA$720
Washington Senior ApartmentsStudioStudio,1BA$750
Eagle Ridge Apartments1BR/1.0BA1BR,1BA$850
Riverside Apartments and TownhomesTwo Bed, One Bath Townhome2BR,1BA$900
5425 Valley Dr2 Bed2BR,1BA$925
Old Orchard EstatesThe Orchard1BR,1BA$935

Best Value Apartments for Rent in Erie, IL and Nearby

As of May 27, 2026 the best value apartment in the Erie area is the $1.17 price per square foot 5 bedroom Home Model at Links at Pebble Creek in the in the Outer Davenport Bettendorf neighborhood starting from $3,750. The second greatest value Erie apartment is the 2 x 2 Model at Cross Creek starting at $720 with a $0.64 price per square foot in the North Side neighborhood. Here is today’s list of the best values for Erie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Links at Pebble Creek5 bedroom Home5BR,4.5BA$1.17
Cross Creek2 x 22BR,2BA$0.64
The Landing of Clinton2 Bedroom 1 Bath2BR,1BA$1.21
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.10
PARK RUN APARTMENTS2 Bed 1 Bath2BR,1BA$0.99
Crowne ForestTwo Bedroom2BR,2BA$1.18
Riverside Apartments and TownhomesTwo Bed, One Bath Townhome2BR,1BA$1.03
Eagle Ridge Apartments1BR/1.0BA1BR,1BA$1.07
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12
The Avenues At East Moline1 bed 1 Bath1BR,1BA$1.22

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 Erie, IL Rentals by Map

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Frequently Asked Questions about Cheap Erie Apartments

What is the Cheapest Studio apartment in Erie?

Currently the most affordable Cheap Studio Apartment in Erie is at Northland Park Apartments listed at $625.

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

The lowest price for a Cheap One Bedroom Erie Apartment is $645 at PARK RUN APARTMENTS.

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

Today's best deal for a Cheap Two Bedroom Apartment in Erie is starting from $720 at Cross Creek.

What is the most affordable Erie Three Bedroom Apartment?

The best deal on a cheap Erie Three Bedroom Apartment rental is at Cross Creek and starts from $830.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.