Cheap Homes for Rent in Jerome, IL from $700 (16 Rentals)

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

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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The 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.

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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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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 $628. Denison Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Jerome apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Hickox CollectionThe HickoxStudio,1BA$628
Denison PlaceOne Bedroom1BR,1BA$675
SHP at Governor Place1 BDR Model1BR,1BA$785
Safe Harbor Properties1 Bdr/ 1 Bath Private Balcony Capitol Views1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$875

Best Value Apartments for Rent in Jerome, IL and Nearby

As of August 24, 2025 the best value apartment in the Jerome area is the $0.55 price per square foot 318 S State St Model at 318 S State St, Unit 2 in the in the Downtown Springfield neighborhood starting from $1,150. The second greatest value Jerome apartment is the Townhome Model at Ravenwood Townhomes starting at $875 with a $0.88 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.
318 S State St, Unit 2318 S State St3BR,2BA$0.55
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Meadow View Landing2 Bedroom/1 Bath2BR,1BA$1.04
Safe Harbor PropertiesDowntown1BR,1BA$1.03
SHP at Governor Place2 BDR VIRTUALLY STAGED WIFI INCLUDED2BR,1BA$0.92
3TENB12BR,1BA$1.02
2000 S Douglas Ave, Unit 32000 S Douglas Ave2BR,1BA$1.14
721 South Grand Ave WOne Bedroom1BR,1BA$1.24
Huntington Ridge ApartmentsTwo Bedroom2BR,1BA$1.22
Denison PlaceOne Bedroom1BR,1BA$0.84

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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 Jerome

What type of rentals are currently available in Jerome?

There are currently 82 Apartments for Rent in Jerome, IL with pricing that ranges from $625 to $2,630. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Jerome ranging from $700 to $3,495.

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 $700 to $3,495 with an average monthly rent of $1,525.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.