Cheap Homes for Rent near Forsyth, IL from $500 (28 Rentals)

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Search the lowest-cost Homes available for rent right now in Forsyth.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Showing Results 1-28, Page 1 of 1

Forsyth, IL Local Guide

Cheapest Available Forsyth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Forsyth, IL is a 1 Bed unit found at Lincoln Senior Flats priced from $400. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $421. Here is today’s list of the most affordable Forsyth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lincoln Senior Flats1 Bed 1 Bath1BR,1BA$400
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Westport ApartmentsOne Bedroom1BR,1BA$484
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$497
Roosevelt School ApartmentsStudioStudio,1BA$502
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$600
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$600
Bradlee Park ApartmentsStudioStudio,1BA$650
Timber CoveThe Yawl1BR,1BA$780
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$785

Best Value Apartments for Rent in Forsyth, IL and Nearby

As of August 07, 2026 the best value apartment in the Forsyth area is the $1.04 price per square foot 2 Bed / 1 Bath | Vaulted Ceilings LVP Flooring Model at Oak Creek Plaza in the in the Downtown Bloomington neighborhood starting from $1,199. The second greatest value Forsyth apartment is the 2 Bed / 1 Bath 1906L Tracy Model at The Grove at Main starting at $1,149 with a $1.09 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Forsyth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oak Creek Plaza2 Bed / 1 Bath | Vaulted Ceilings LVP Flooring2BR,1BA$1.04
The Grove at Main2 Bed / 1 Bath 1906L Tracy2BR,1BA$1.09
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$0.87
Lincoln Senior Flats2 Bed 1 Bath2BR,1BA$0.97
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03
Timber CoveThe Yawl1BR,1BA$1.11
Westport ApartmentsOne Bedroom1BR,1BA$0.71
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$0.76
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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 Forsyth, IL Rentals by Map

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Frequently Asked Questions about Forsyth

What type of rentals are currently available in Forsyth?

There are currently 49 Apartments for Rent in Forsyth, IL with pricing that ranges from $400 to $10,674. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forsyth ranging from $575 to $3,850.

What is the current price range for Rental Homes in Forsyth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forsyth ranges from $575 to $3,850 with an average monthly rent of $1,073.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.