250 N Entrance Ave
KankakeeIL60901
Cheap Homes for Rent in Kankakee, IL from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Kankakee.
319 S 5th Ave
KankakeeIL60901
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$9651 Bedroom Apartments Available Now
319 S 5th Ave, Unit 9
319 S 5th AveKankakee, IL 60901
29837 IL-50
PeotoneIL60468
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.
1101 S Cedar Rd
New LenoxIL60451
465-479 N School St
DiamondIL60416
263 N Wildwood Ave
KankakeeIL60901
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$1,2252 Bedroom Apartments Available Now
319 S 5th Ave, Unit 1
319 S 5th AveKankakee, IL 60901
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.
300-302 W 2nd St
Aroma ParkIL60910
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Kankakee, IL Local Guide
Route 66 by russellstreet is licensed under CC BY 2.0
How much does it cost to rent a home in Kankakee?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kankakee 2 Bedroom Homes for Rent | $1,566 | $1,195 | $2,200 |
| Kankakee 3 Bedroom Homes for Rent | $1,944 | $1,400 | $3,000 |
| Kankakee 4 Bedroom Homes for Rent | $2,472 | $2,450 | $2,495 |
Browse Top Homes for Rent in Kankakee
Explore Kankakee
Kankakee, IL Local Guide
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Cheapest Neighborhoods for Apartments in Kankakee, IL
Pricing Updated: 04/12/2026Current apartment rentals in the Kankakee, IL area range in price from to with an overall median price of . 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 | $1,162 | $965 | 5 |
Best Value Apartments for Rent in Kankakee, IL
As of April 12, 2026 the best value apartment in the Kankakee area is the $1.15 price per square foot 260 S Cannon Ave Model at 260 S Cannon Ave in the in the Northfield Square Mall neighborhood starting from $980. The second greatest value Kankakee apartment is the 171 N West Ave Model at 171 N West Ave, Unit 171-3 starting at $1,000 with a $2.00 price per square foot in the Northfield Square Mall 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. |
|---|---|---|---|
| 260 S Cannon Ave | 260 S Cannon Ave | 2BR,1BA | $1.15 |
| 171 N West Ave, Unit 171-3 | 171 N West Ave | 2BR,1BA | $2.00 |
| 125 N W Ave, Unit 3 | 125 N W Ave | 1BR,1BA | $2.00 |
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.
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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 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.
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Best Local Schools in Kankakee, IL
Limestone Elementary School
Herscher Community Unit School District 2
Public School - Grades K-8 (501)
8 out of 10
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
Frequently Asked Questions about Kankakee
What type of rentals are currently available in Kankakee?
There are currently 131 Apartments for Rent in Kankakee, IL with pricing that ranges from $800 to $1,450. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kankakee ranging from $825 to $3,000.
What is the current price range for Rental Homes in Kankakee?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Kankakee ranges from $825 to $3,000 with an average monthly rent of $1,744.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.