Cheap Apartments for Rent near Jerome, IL from $500 (40 Rentals)

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

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803 W Edwards St, Unit D
$725
Total Monthly Price

Total Monthly Price

Base Rent
$725
Total Monthly Price
$725
Studio Apartment Available Now

803 W Edwards St, Unit D

803 W Edwards StSpringfield, IL 62704
Affordability
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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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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
  • Utilities Included
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Ash Street
1 to 2 Bedroom Apartments

Ash Street

1306-1312 W Ash 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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Fox Run Village
1 to 2 Bedroom Apartments

Fox Run Village

2600-2721 Fox Run DrSpringfield, IL 62704
  • Utilities Included
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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
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Monroe Gardens
1 to 2 Bedroom Apartments

Monroe Gardens

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

520 Illini Ct

520 Illini CtSpringfield, IL 62704
  • Utilities Included

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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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • Utilities Included
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

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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Showing Results 1-40, 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 Studio unit found at The Hickox Collection in the Downtown Springfield neighborhood priced from $718. Safe Harbor Properties in the Downtown Springfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Jerome apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Hickox CollectionThe Abe LincolnStudio,1BA$718
Safe Harbor Properties1st Floor Level1BR,1BA$895
Ravenwood TownhomesTownhome2BR,1BA$895
The Boulevard TownhomesApartment2BR,1BA$900
Huntington Ridge ApartmentsTwo Bedroom2BR,1BA$997
CandlesC13BR,2BA$1,028
731 South Grand Ave W1/11BR,1BA$1,050
Orchard Park2 Bedroom 1 Bath Deluxe2BR,1BA$1,225

Best Value Apartments for Rent in Jerome, IL and Nearby

As of August 08, 2026 the best value apartment in the Jerome area is the $0.89 price per square foot C1 Model at Candles in the starting from $1,028. The second greatest value Jerome apartment is the Townhome Model at Ravenwood Townhomes starting at $895 with a $0.90 price per square foot . 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.
CandlesC13BR,2BA$0.89
Ravenwood TownhomesTownhome2BR,1.5BA$0.90
Orchard Park2 Bedroom 1 Bath Deluxe2BR,1BA$1.29
The Boulevard TownhomesTownhouse2BR,1.5BA$1.04
Meadow View Landing2 Bedroom/1 Bath2BR,1BA$1.54
2000 S Douglas Ave, Unit 62000 S Douglas Ave2BR,1BA$1.14
Huntington Ridge ApartmentsTwo Bedroom2BR,1BA$1.19
731 South Grand Ave W1/11BR,1BA$1.31
Safe Harbor Properties1st Floor Level1BR,1BA$1.23
803 W Edwards St, Unit D803 W Edwards StStudio ,1BA$1.51

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 Jerome, IL Rentals by Map

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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 $724 at The Hickox Collection.

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

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.