Cheap Apartments for Rent in Lane, IL from $400 (23 Rentals)

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314 Mecherle
1 to 2 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
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Lane, IL Local Guide

Cheapest Available Lane Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lane, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Lane apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Washington Senior ApartmentsStudioStudio,1BA$548
Bradlee Park ApartmentsStudioStudio,1BA$595
The Quarry ApartmentsBasaltStudio,1BA$600

Best Value Apartments for Rent in Lane, IL and Nearby

As of November 12, 2025 the best value apartment in the Lane area is the $0.83 price per square foot 2BR/ 1BA Model at East Douglas Apartments in the in the Downtown Bloomington neighborhood starting from $1,000. The second greatest value Lane apartment is the All units Model at 3 Stortz Drive starting at $1,300 with a $1.08 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Lane apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
East Douglas Apartments2BR/ 1BA2BR,1BA$0.83
3 Stortz DriveAll units2BR,2BA$1.08
108 Oak Creek Plaza2/1 Vaulted Ceilings2BR,1BA$0.87
Danbury Court ApartmentsTwo Bedroom, Two Bath (market)2BR,2BA$1.11
Lincoln Lofts2 Bedroom2BR,2BA$1.03
2474 N FlorianUnit 112BR,1.5BA$1.13
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Decatur Flats Apartments1BR/1.0BA1BR,1BA$1.03
Timber CoveThe Yawl1BR,1BA$1.08
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69

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Location, Location, Location!

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Frequently Asked Questions about Cheap Lane Apartments

What is the Cheapest Studio apartment in Lane?

Currently the most affordable Cheap Studio Apartment in Lane is at Roosevelt School Apartments listed at $469.

How much is rent for a Cheap One Bedroom Lane Apartment?

The lowest price for a Cheap One Bedroom Lane Apartment is $421 at RESERVE AT LAKEVIEW.

What is the lowest price for a Cheap Two Bedroom Lane Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lane is starting from $507 at RESERVE AT LAKEVIEW.

What is the most affordable Lane Three Bedroom Apartment?

The best deal on a cheap Lane Three Bedroom Apartment rental is at Roosevelt School Apartments and starts from $613.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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.