
Cheap Apartments for Rent in Kankakee, IL from $800 (101 Rentals)
Search the lowest-cost Apartments available for rent right now in Kankakee.


1720 W Merchant St, Unit 2-N

1745 E Duane Blvd

2220-2240 W Bourbonnais St

646 S Indiana

Kankakee Kommons

341-345 S Washington Ave

247 W Merchant St

924 E Willow St

686 S Harrison Ave
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.

768 N Indiana Ave

641 N Indiana Ave

592 & 605 N Dearborn Ave

575 S Alma

363-365 E Hickory St

Multi-Family

210 Tedmark Court

328-330 S Greenwood Ave

2779 Cooper Dr

163 North Rosewood Avenue
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.

990 E Station

786-788 S Wildwood Ave

450 S Dearborn Ave

232 W Oak St

2755 Cooper Dr

250 N Entrance Ave

Crestview Village IL

682 S Indiana Ave

River Station Senior

4966 Doris Dr
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.

240-244 W Hickory

895 S Washington Ave

512 S Chicago Ave

221-225 N Washington Ave

215-219 N Washington Ave

282 W River St

1090 S Nelson Ave

Indian Meadows

751-757 N 5th Ave

Sherwood Forest Apartment Homes
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.

North Rivers Drive Apartments

East Court Village Apartments

1161 W Merchant St

gettysburg 0

Clean Quiet 2 BD/1BA 2nd Floor Att. Gar

Gettysburg 6

736-750 Double Jack St

1572 Lemna Dr

4 Apartment Building

882 Signature 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.
Kankakee, IL Local Guide

How much does it cost to rent an apartment in Kankakee?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kankakee Studio Apartments | $825 | $825 | $825 |
| Kankakee 2 Bedroom Apartments | $1,200 | $1,200 | $1,200 |
| Kankakee 3 Bedroom Apartments | $1,550 | $1,250 | $1,850 |
Browse Top Apartments in Kankakee
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Kankakee, IL Local Guide
- Kankakee Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Kankakee, IL
Pricing Updated: 08/07/2026Current apartment rentals in the Kankakee, IL area range in price from $825 to $1,850 with an overall median price of $1,225. Here is today’s list neighborhoods with the lowest median pricing for Kankakee Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Kankakee | $1,225 | $825 | 4 |
Best Value Apartments for Rent in Kankakee, IL and Nearby
As of August 08, 2026 the best value apartment in the Kankakee area is the $1.09 price per square foot 1720 W Merchant St Model at 1720 W Merchant St, Unit 2-N in the in the Northfield Square Mall neighborhood starting from $980. The second greatest value Kankakee apartment is the 600 W Station St Model at 600 W Station St, Unit 600 starting at $825 with a $1.65 price per square foot in the Downtown Kankakee neighborhood. Here is today’s list of the best values for Kankakee apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1720 W Merchant St, Unit 2-N | 1720 W Merchant St | 2BR,1BA | $1.09 |
| 600 W Station St, Unit 600 | 600 W Station St | Studio ,1BA | $1.65 |
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.
Best Local Schools in Kankakee, IL
Limestone Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Kankakee, IL Rentals by Map
See the most popular apartments and homes in Kankakee, IL
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

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.