
Cheap Homes for Rent in Freeport, IL from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Freeport.


114 W Garfield St

512 W Broadway St

107 W Baldwin St

430 W Galena Ave
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.

527 E Center St

837 W Stephenson St

2915 Sherman Ave

503 W Pleasant St

2824 School 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.
Freeport, IL Local Guide

How much does it cost to rent a home in Freeport?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Freeport 2 Bedroom Homes for Rent | $1,118 | $800 | $1,499 |
| Freeport 3 Bedroom Homes for Rent | $1,478 | $825 | $2,400 |
| Freeport 4 Bedroom Homes for Rent | $1,657 | $1,395 | $2,000 |
| Freeport 5 Bedroom Homes for Rent | $2,043 | $1,695 | $2,500 |
| Freeport 7 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Top Homes for Rent in Freeport
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Freeport, IL Local Guide
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Cheapest Available Freeport Apartments for Rent
 The cheapest available apartment rental in Freeport, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Dixon River Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Freeport apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
| Dixon River Apartments | 1BD/1BA | 1BR,1BA | $675 |
| Whitestone Manor Apartments | 529 N Main Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Freeport, IL
As of April 15, 2026 the best value apartment in the Freeport area is the $1.38 price per square foot 3BR/2.0BA Model at The Haven at Willow Creek in the in the North Rock neighborhood starting from $1,700. The second greatest value Freeport apartment is the Courtyard Two Bedroom Two Car Garage Model at The Hamptons starting at $1,708 with a $1.58 price per square foot in the Rolling Green neighborhood. Here is today’s list of the best values for Freeport apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Haven at Willow Creek | 3BR/2.0BA | 3BR,2BA | $1.38 |
| The Hamptons | Courtyard Two Bedroom Two Car Garage | 2BR,2BA | $1.58 |
| Riverside Glen Apartments | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.23 |
| Creekview Apartments | Newly Renovated 1BR+Washer/dryer | 1BR,1BA | $1.36 |
| **CREEKVIEW PROPERTIES** | Upper floor with dishwasher | 2BR,1BA | $1.31 |
| Harrison Ave | Harrison Ave - 2 Bedroom (Balcony) | 2BR,1BA | $1.40 |
| Dixon River Apartments | 1BD/1BA | 1BR,1BA | $1.03 |
| Great Oaks Apartments | Primrose at Great Oaks | 1BR,1BA | $1.63 |
| Whitestone Manor Apartments | 529 N Main Studio | Studio ,1BA | $1.62 |
| Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleQuick 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.
Best Local Schools in Freeport, IL
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Freeport
What type of rentals are currently available in Freeport?
There are currently 96 Apartments for Rent in Freeport, IL with pricing that ranges from $480 to $2,560. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Freeport ranging from $465 to $2,500.
What is the current price range for Rental Homes in Freeport?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Freeport ranges from $465 to $2,500 with an average monthly rent of $1,447.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.