Cheap Apartments for Rent near Jerome, IL from $700 (62 Rentals)

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

property at 1610 S Spring St
$850
2 Bedroom Rentals
Available Now
Affordability

1610 S Spring St

SpringfieldIL62704
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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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1400 Shiloh Dr, Unit B
$1,000

Total Monthly Price

Base Rent$1,000
Total Monthly Price$1,000
2 Bedroom Apartment Available Jan 1, 2027

1400 Shiloh Dr, Unit B

1400 Shiloh DrSpringfield, IL 62704
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Dorset Apartments
1 Bedroom Apartments

Dorset Apartments

1017-1021 S Spring StSpringfield, IL 62704
  • Utilities Included
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632 S Walnut St
1 Bedroom Apartments

632 S Walnut St

632 S Walnut 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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Ash Street
1 to 2 Bedroom Apartments

Ash Street

1306-1312 W Ash StSpringfield, IL 62704
  • Utilities Included
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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
property at 422 S Lincoln Ave
$750

Total Monthly Price

Base Rent$750
Total Monthly Price$750
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

422 S Lincoln Ave

SpringfieldIL62704
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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 627 New St
$900
1 Bedroom Rentals
Available Now
Affordability

627 New St

SpringfieldIL62704
property at 229 W Allen St
$950 - $1,250
1 To 3 Bedroom Rentals
Available Now
Affordability

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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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 The Meadows at Durkin 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
The Meadows at Durkin1 Bed 1 Bath1BR, 1BA$875
Ravenwood TownhomesTownhome2BR, 1BA$895
Safe Harbor Properties1 Bdr/ 1 Bath Private Balcony Capitol Views1BR, 1BA$895
3TEN Apartments2 Bed 1 Bath2BR, 1BA$925
The Boulevard TownhomesTownhouse2BR, 1BA$975
Huntington Ridge ApartmentsTwo Bedroom2BR, 1BA$995
Meadow View Landing2 Bedroom/1 Bath2BR, 1BA$1,020
731 South Grand Ave W1/11BR, 1BA$1,050

Best Value Apartments for Rent in Jerome, IL and Nearby

As of September 22, 2026 the best value apartment in the Jerome area is the $0.90 price per square foot Townhome Model at Ravenwood Townhomes starting from $895. The second greatest value Jerome apartment is the Townhouse Model at The Boulevard Townhomes starting at $975 with a $1.04 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.
Ravenwood TownhomesTownhome2BR, 1.5BA$0.90
The Boulevard TownhomesTownhouse2BR, 1.5BA$1.04
Safe Harbor Properties2 Bdr 1 Bath with Balcony. Capitol View.2BR, 1BA$1.08
Meadow View Landing2 Bedroom/1 Bath2BR, 1BA$1.12
3TEN Apartments2 Bed 1 Bath2BR, 1BA$1.05
115 W Lawrence Ave, Unit C115 W Lawrence Ave1BR, 1BA$1.09
Huntington Ridge ApartmentsTwo Bedroom2BR, 1BA$1.18
731 South Grand Ave W1/11BR, 1BA$1.31
The Meadows at Durkin1 Bed 1 Bath1BR, 1BA$1.48
1020 S 7th St, Unit fully furnished 1 bedroom1020 S 7th St1BR, 1BA$1.79

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 The Meadows at Durkin.

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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.