
Cheap Apartments for Rent in the Reedwood Neighborhood of Joliet, IL from $300 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reedwood area of Joliet.


Stone Falls

Larkin Village

226 N Broadway St, Unit 1, Unit 1

Total Monthly Price
835 N Broadway St, Unit 1, Unit 1

Total Monthly Price
213 N Hickory St, Unit BS, Unit BS

209 Hyde Park St, Unit 209, Unit 209

26 N Broadway St, Unit 1S, Unit 1S
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.

257 Wilcox St, Unit 307, Unit 307

757 Jasper St, Unit 3E, Unit 3E

11 E Zarley Blvd

Total Monthly Price
511 W Jefferson St, Unit 3, Unit 3

Bays Tower Apartments

123 N Hickory St

The Birches Apartments

Total Monthly Price
1104 Elizabeth St, Unit #1, Unit #1
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.

1104 Elizabeth St, Unit #1

463 S Ottawa St

222 Madison St, Unit 3E, Unit 3E

253 Wilcox St, Unit 209, Unit 209

255 Wilcox St, Unit 306, Unit 306

Pheasant Run

212 Madison St, Unit 2F, Unit 2F

Total Monthly Price
254 E Jackson St, Unit 2nd Floor Front, Unit 2nd Floor Front
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.

2224 Oneida St

Senior Suites of Joliet

Marycrest Village

Oneida West Manor

Riverwest Apartments

Historic Louis Joliet Apartments

River Walk Homes, LLC

Glenwood Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1604 Richmond Street

111 N Center St, Unit 2R, Unit 2R

509 Kungs Way

218 Madison St

518 Moen Ave

Sutton Place Apartments

Willow Run of Crest Hill

710 Moen Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Reedwood, Joliet, IL Local Guide

How much does it cost to rent an apartment in Reedwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Reedwood Studio Apartments | $982 | $895 | $1,115 |
| Reedwood 1 Bedroom Apartments | $1,240 | $949 | $1,549 |
| Reedwood 2 Bedroom Apartments | $1,387 | $1,045 | $1,749 |
| Reedwood 3 Bedroom Apartments | $1,905 | $1,225 | $2,350 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Reedwood Neighborhood of Joliet, IL.
See all Apartments in JolietExplore Joliet
Reedwood, Joliet, IL Local Guide
- Nearby Joliet neighborhoods
- Nearby Cities
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Cheapest Available Reedwood Apartments for Rent
 The cheapest available apartment rental in the Reedwood area of Chicago, IL is a 1 Bed unit found at Stone Falls priced from $949. Bays Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Reedwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $1,359 |
Best Value Apartments for Rent in Reedwood, IL
As of April 26, 2026 the best value apartment in the Reedwood area is the $0.86 price per square foot 511 W Jefferson St Model at 511 W Jefferson St, Unit 3 in the in the Sunset Point neighborhood starting from $1,225. The second greatest value Reedwood apartment is the Two Bedroom, Luxury Package Model at Stone Falls starting at $1,259 with a $1.38 price per square foot in the Sunset Point neighborhood. Here is today’s list of the best values for Reedwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 511 W Jefferson St, Unit 3 | 511 W Jefferson St | 3BR,1BA | $0.86 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| 213 N Hickory St, Unit BS | 213 N Hickory St | 2BR,1BA | $1.37 |
| 254 E Jackson St, Unit 2nd Floor Front | 254 E Jackson St | 2BR,1BA | $1.72 |
| 835 N Broadway St, Unit 1 | 835 N Broadway St | 2BR,1BA | $1.61 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
| Bays Tower Apartments | Studio | 1BR,1BA | $3.25 |
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
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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.
Pet Friendly LifestyleReedwood, Joliet, IL
Ranked #33
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Reedwood, Joliet, IL
Joliet West High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Chicago, Illinois. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Reedwood Apartments
What is the price of a cheap apartment in Reedwood?
The cheapest apartment in Reedwood is Stone Falls which is listed at $949, while the average apartment in Reedwood costs $1,975.
What types of apartments are the cheapest in Reedwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Reedwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
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.

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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.