Cheap Homes for Rent in Frederick, IL from $700 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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.

Frederick, IL Local Guide

Cheapest Available Frederick Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frederick, IL is a Studio unit found at Macomb Rentals priced from $390. Jacksonville Affordable Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $462. Here is today’s list of the most affordable Frederick apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Macomb RentalsStudio, 1 bathStudio,1BA$390
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$462
The Hickox CollectionThe HickoxStudio,1BA$628
Smith and Royer Apartments1 Bedroom1BR,1BA$650
Denison PlaceOne Bedroom1BR,1BA$675

Best Value Apartments for Rent in Frederick, IL and Nearby

As of August 30, 2025 the best value apartment in the Frederick area is the $0.88 price per square foot Townhome Model at Ravenwood Townhomes in the starting from $875. The second greatest value Frederick apartment is the 2 Bedroom/1 Bath Model at Meadow View Landing starting at $940 with a $1.04 price per square foot . Here is today’s list of the best values for Frederick apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Meadow View Landing2 Bedroom/1 Bath2BR,1BA$1.04
Safe Harbor PropertiesDowntown1BR,1BA$1.03
3TENB12BR,1BA$1.00
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$0.97
Denison PlaceOne Bedroom1BR,1BA$0.84
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
106 S 4th St2 bedroom2BR,1BA$1.21
Jacksonville Affordable Housing1 Bedroom 60%1BR,1BA$0.84

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Frederick, IL Rentals by Map

View Map
Frederick, IL Apartments Map
View Map
Frederick, IL Rental Homes Map

Frequently Asked Questions about Frederick

What type of rentals are currently available in Frederick?

There are currently 38 Apartments for Rent in Frederick, IL with pricing that ranges from $331 to $2,075. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frederick ranging from $700 to $3,495.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Frederick ranges from $700 to $3,495 with an average monthly rent of $1,467.

How much are larger Three and Four Bedroom Rentals in Frederick?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Frederick range from $950 to $2,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,140 and Four Bedroom Apartments start at $600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.