
Cheap Homes for Rent in Jerome, IL from $700 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Jerome.


417 E Cook St

3625 S Douglas Ave

3625 S Douglas Ave

619 S 5th St

1727 E Morgan 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.

1304 S Walnut St

1617 E Matheny Ave

1040 W Lawrence Ave

2523 W Monroe St

2535 W Monroe St

2831 S 12th 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.

1 Amos Valley Dr

25 Amos Valley Dr

4 Amos Valley Dr

19 Sonoma Dr

12 Gettysburg Dr

3 Amos Valley Dr
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.

23 Imperial Valley Dr
Jerome, IL Local Guide

How much does it cost to rent a home in Jerome?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Jerome 2 Bedroom Homes for Rent | $1,186 | $875 | $2,600 |
| Jerome 3 Bedroom Homes for Rent | $1,363 | $1,100 | $2,800 |
| Jerome 4 Bedroom Homes for Rent | $2,175 | $1,400 | $2,950 |
| Jerome 5 Bedroom Homes for Rent | $2,450 | $2,450 | $2,450 |
Browse Top Homes for Rent in Jerome
Explore Jerome
Jerome, IL Local Guide
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Cheapest Available Jerome Apartments for Rent and Nearby
 The cheapest available apartment rental in Jerome, IL is a Studio unit found at Safe Harbor Properties in the Downtown Springfield neighborhood priced from $730. Pine Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Jerome apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Safe Harbor Properties | Studio | Studio,1BA | $730 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $875 |
| Huntington Ridge Apartments | One Bedroom | 1BR,1BA | $993 |
| Orchard Park | 2 Bedroom 1 Bath South | 2BR,1BA | $1,050 |
| Candles | B1 | 2BR,1BA | $1,113 |
Best Value Apartments for Rent in Jerome, IL and Nearby
As of April 29, 2026 the best value apartment in the Jerome area is the $1.21 price per square foot 3 Bedroom 2 Bath Model at Orchard Park in the starting from $1,515. The second greatest value Jerome apartment is the B1 Model at Candles starting at $1,113 with a $1.16 price per square foot . Here is today’s list of the best values for Jerome apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Orchard Park | 3 Bedroom 2 Bath | 3BR,3BA | $1.21 |
| Candles | B1 | 2BR,1.5BA | $1.16 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.52 |
| 1530 S 4th St, Unit 3 | 1530 S 4th St | 1BR,1BA | $1.02 |
| 2000 S Douglas Ave, Unit 6 | 2000 S Douglas Ave | 2BR,1BA | $1.14 |
| 115 W Lawrence Ave, Unit C | 115 W Lawrence Ave | 1BR,1BA | $1.06 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
| Huntington Ridge Apartments | One Bedroom | 1BR,1BA | $1.42 |
| Safe Harbor Properties | Studio | Studio ,1BA | $1.08 |
| 331 W Cedar St, Unit Apt#3 | 331 W Cedar St | 1BR,1BA | $1.42 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Jerome, IL Rentals by Map
See the most popular apartments and homes in Jerome, IL
Frequently Asked Questions about Jerome
What type of rentals are currently available in Jerome?
There are currently 85 Apartments for Rent in Jerome, IL with pricing that ranges from $675 to $3,400. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Jerome ranging from $850 to $2,950.
What is the current price range for Rental Homes in Jerome?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Jerome ranges from $850 to $2,950 with an average monthly rent of $1,609.
How much are larger Three and Four Bedroom Rentals in Jerome?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Jerome range from $1,025 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,500.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.