
Cheap Homes for Rent in Reedwood Neighborhood of Joliet, IL from $1,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Reedwood area of Joliet.


257 Wilcox St, Unit 307

115 N Hickory St
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.

253 Wilcox St, Unit 209

222 Madison St, Unit 3E

212 Madison St, Unit 2F
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.

255 Wilcox St, Unit 306
Reedwood, Joliet, IL Local Guide

How much does it cost to rent a home in Reedwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Reedwood 2 Bedroom Homes for Rent | $1,415 | $1,340 | $1,550 |
| Reedwood 3 Bedroom Homes for Rent | $2,029 | $1,500 | $2,500 |
| Reedwood 4 Bedroom Homes for Rent | $3,444 | $2,888 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Reedwood Neighborhood of Joliet, IL.
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Reedwood, Joliet, IL Local Guide
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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 |
| The Birches Apartments | 1s | 1BR,1BA | $1,305 |
Best Value Apartments for Rent in Reedwood, IL
As of June 11, 2026 the best value apartment in the Reedwood area is the $1.77 price per square foot sc3s1.5 Model at Pheasant Run Apartments in the in the Sunset Point neighborhood starting from $1,735. 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. |
|---|---|---|---|
| Pheasant Run Apartments | sc3s1.5 | 3BR,1.5BA | $1.77 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| 801 N Bluff St, Unit 801 Bluff #2 | 801 N Bluff St | 2BR,1BA | $1.35 |
| 121 Comstock St, Unit 1E | 121 Comstock St | 2BR,1BA | $1.50 |
| 1002 Belleview Ave, Unit #1 | 1002 Belleview Ave | 2BR,1BA | $2.03 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
| The Birches Apartments | 1s | 1BR,1BA | $2.75 |
| Bays Tower Apartments | Studio | 1BR,1BA | $3.25 |
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.
Read ArticleReal 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.
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 #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Reedwood, Joliet, IL
Joliet West High School
School data provided by Great Schools
Frequently Asked Questions about Reedwood
What type of rentals are currently available in Reedwood?
There are currently 112 Apartments for Rent in Reedwood, IL with pricing that ranges from $895 to $1,900. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reedwood ranging from $1,045 to $4,000.
What is the current price range for Rental Homes in Reedwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Reedwood ranges from $1,045 to $4,000 with an average monthly rent of $2,051.
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
Written by: Nicole Harms
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
Written by: Nicole Harms
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.