Cheap Apartments for Rent in Jerome, IL from $500 (41 Rentals)

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

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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632 S Walnut St
1 Bedroom Apartments

632 S Walnut St

632 S Walnut StSpringfield, IL 62704
  • Utilities Included
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Dorset Apartments
1 Bedroom Apartments

Dorset Apartments

1017-1021 S Spring StSpringfield, IL 62704
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Ash Street
1 to 2 Bedroom Apartments

Ash Street

1306-1312 W Ash StSpringfield, IL 62704
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Fox Run Village
1 to 2 Bedroom Apartments

Fox Run Village

2600-2721 Fox Run DrSpringfield, IL 62704
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Park West 217-546-7575
1 to 2 Bedroom Apartments

Park West 217-546-7575

2225 Old Jacksonville RdSpringfield, IL 62704
  • Utilities Included

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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Monroe Gardens
1 to 2 Bedroom Apartments

Monroe Gardens

850 S Durkin DrSpringfield, IL 62704
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520 Illini Ct
1 to 2 Bedroom Apartments

520 Illini Ct

520 Illini CtSpringfield, IL 62704
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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • 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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property at 229 W Allen St

$950 - $1,250

1 To 3 Bedroom Rentals

Available Now

229 W Allen St

SpringfieldIL62704
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SHP at Governor Place
1 to 2 Bedroom Apartments

SHP at Governor Place

1021 W Governor StSpringfield, IL 62704
  • Utilities Included

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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Showing Results 1-41, Page 1 of 1

Jerome, IL Local Guide

Cheapest Available Jerome Apartments for Rent and Nearby

 

The cheapest available apartment rental in Jerome, IL is a 1 Bed unit found at Pine Ridge Apartments priced from $875. Ravenwood Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here is today’s list of the most affordable Jerome apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pine Ridge ApartmentsOne Bedroom1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$895
The Boulevard TownhomesApartment2BR,1BA$900
3TEN Apartments2 Bed 1 Bath2BR,1BA$925
SHP at Governor Place2 BDR/ 1 BATH BALCONY2BR,1BA$975
Safe Harbor Properties2 Bdr 1 Bath with Balcony. Capitol View.2BR,1BA$995
CandlesB12BR,1BA$1,015
731 South Grand Ave W1/11BR,1BA$1,050
Hickory Glen, Active Senior LivingStudioStudio,1BA$1,800

Best Value Apartments for Rent in Jerome, IL and Nearby

As of June 21, 2026 the best value apartment in the Jerome area is the $0.90 price per square foot Townhome Model at Ravenwood Townhomes in the starting from $895. The second greatest value Jerome apartment is the 2 BDR/ 1 BATH BALCONY Model at SHP at Governor Place starting at $975 with a $0.98 price per square foot in the Downtown Springfield neighborhood. Here is today’s list of the best values for Jerome apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ravenwood TownhomesTownhome2BR,1.5BA$0.90
SHP at Governor Place2 BDR/ 1 BATH BALCONY2BR,1BA$0.98
CandlesB12BR,1.5BA$1.06
The Boulevard TownhomesTownhouse2BR,1.5BA$1.04
Safe Harbor Properties2 Bdr 1 Bath with Balcony. Capitol View.2BR,1BA$1.08
3TEN Apartments2 Bed 1 Bath2BR,1BA$1.05
1219 W Lawrence Ave, Unit CJ Suite1219 W Lawrence Ave1BR,1BA$2.25
731 South Grand Ave W1/11BR,1BA$1.31
Pine Ridge ApartmentsOne Bedroom1BR,1BA$1.17
Hickory Glen, Active Senior Living1 bedroom1BR,1BA$4.55

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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Quick Rent Budget Calculator

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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 Jerome, IL Rentals by Map

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See the most popular apartments and homes in Jerome, IL

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Frequently Asked Questions about Cheap Jerome Apartments

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

The lowest price for a Cheap One Bedroom Jerome Apartment is $875 at Pine Ridge Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Jerome is starting from $895 at Ravenwood Townhomes.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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.

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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.

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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.