
Cheap Homes for Rent in Henry, IL from $700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Henry.


130-132 Fauber Ln

1016 N Maple St

1321 Maple Dr

611 W Matthews St
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.

809 Calhoun St

811 E Lake Ave

1320 Maple Dr

9 N Randolph St

537 1/2 Bucklin 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.

526 Fairholm Ave

826 N Spalding St

310 N La Salle Ave

3207 W Willow Knolls Dr

118 E Canal St
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.

814 W McClure Ave

802 E London Ave
Henry, IL Local Guide

How much does it cost to rent a home in Henry?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Henry 2 Bedroom Homes for Rent | $1,343 | $750 | $2,400 |
| Henry 3 Bedroom Homes for Rent | $1,785 | $850 | $3,500 |
Browse Top Homes for Rent in Henry
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Henry, IL Local Guide
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Cheapest Available Henry Apartments for Rent and Nearby
 The cheapest available apartment rental in Henry, IL is a 1 Bed unit found at Colonial Village priced from $625. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Henry apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Hollow Hills | Studio | Studio,1BA | $700 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $875 |
Best Value Apartments for Rent in Henry, IL and Nearby
As of June 19, 2026 the best value apartment in the Henry area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Henry apartment is the 2 Bedroom, 2 Bath Model at Camden Hills Apartments starting at $1,300 with a $1.23 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Henry apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR,1BA | $1.22 |
| Nordic Villa Apartments | Townhouse | 2BR,1.5BA | $1.28 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $1.13 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| Colonial Village | 1 Bedroom | 1BR,1BA | $1.14 |
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 ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Henry
What type of rentals are currently available in Henry?
There are currently 41 Apartments for Rent in Henry, IL with pricing that ranges from $700 to $2,675. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Henry ranging from $750 to $3,500.
What is the current price range for Rental Homes in Henry?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Henry ranges from $750 to $3,500 with an average monthly rent of $1,317.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.