Cheap Homes for Rent in Knoxville, IL from $500 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Knoxville.

property at 119 Vanburen Ct

119 Vanburen Ct

CantonIL61520

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.

Read Article

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.

Read Article

The 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 Article
Showing Results 1-18, Page 1 of 1

Knoxville, IL Local Guide

Cheapest Available Knoxville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Knoxville, IL is a 2 Beds unit found at Mayfair Manor priced from $525. Williamsburg Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Knoxville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$525
Williamsburg Apartments1 Bedroom/1 Bath1BR,1BA$675
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$695
Willow Knolls ApartmentsStudioStudio,1BA$700
Hollow HillsStudioStudio,1BA$700

Best Value Apartments for Rent in Knoxville, IL and Nearby

As of September 13, 2025 the best value apartment in the Knoxville area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Knoxville apartment is the 2Bed2Bath Model at Brighton Woods starting at $1,050 with a $0.95 price per square foot in the Oakbrook neighborhood. Here is today’s list of the best values for Knoxville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.18
Brighton Woods2Bed2Bath2BR,2BA$0.95
PARKWAY ESTATES3 Bedroom 2 Bath3BR,2BA$0.81
ASPEN BLUFF APARTMENTSTwo Bedrooms Two Bathroom2BR,2BA$1.20
Crescent Creek Apartments1x11BR,1BA$0.88
Haymeadow ApartmentsFarmstead2BR,1BA$1.16
Nordic Villa ApartmentsLoft1BR,1BA$1.18
Hollow HillsStudioStudio ,1BA$1.08
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.07
Williamsburg Apartments1 Bedroom/1 Bath1BR,1BA$1.13

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Knoxville, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Knoxville, IL

View Map
Knoxville, IL Apartments Map
View Map
Knoxville, IL Rental Homes Map

Frequently Asked Questions about Knoxville

What type of rentals are currently available in Knoxville?

There are currently 38 Apartments for Rent in Knoxville, IL with pricing that ranges from $525 to $1,942. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Knoxville ranging from $550 to $3,975.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Knoxville ranges from $550 to $3,975 with an average monthly rent of $1,419.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.