Cheap Homes for Rent in Kempton, IL from $700 (5 Rentals)

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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.

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.

Kempton, IL Local Guide

Cheapest Available Kempton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Kempton, IL is a 1 Bed unit found at Phoenix Apartments of Pontiac priced from $795. Falcon Way Townhomes has the second lowest priced unit, which is a 3 Beds apartment currently listed from $802. Here is today’s list of the most affordable Kempton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Falcon Way TownhomesThree Bedroom Townhome3BR,1BA$802
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1BA$921

Best Value Apartments for Rent in Kempton, IL and Nearby

As of June 21, 2026 the best value apartment in the Kempton area is the $0.73 price per square foot Three Bedroom Townhome Model at Falcon Way Townhomes in the starting from $802. The second greatest value Kempton apartment is the South Pointe 3bd/1.5ba Townhouse Model at South Pointe Commons starting at $921 with a $0.88 price per square foot . Here is today’s list of the best values for Kempton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Falcon Way TownhomesThree Bedroom Townhome3BR,1BA$0.73
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.88
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
811 Covey Ln1x11BR,1BA$1.33
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Pheasant Run Apartmentssc2s2BR,1BA$1.49
Phoenix Apartments of Pontiac2 Bedroom 1 Bathroom2BR,1BA$1.05
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Carriage Creek Apartments1 Bed 1 Bath Garden B1BR,1BA$1.81

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.

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Real 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.

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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Kempton

What type of rentals are currently available in Kempton?

There are currently 47 Apartments for Rent in Kempton, IL with pricing that ranges from $640 to $3,249. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kempton ranging from $700 to $4,000.

What is the current price range for Rental Homes in Kempton?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kempton ranges from $700 to $4,000 with an average monthly rent of $2,065.

How much are larger Three and Four Bedroom Rentals in Kempton?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kempton range from $802 to $2,145, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $1,800. Four Bedroom Single-Family rentals are also available starting from $2,575 and Four Bedroom Apartments start at $1,065.

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

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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.

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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.

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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.

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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.