Cheap Apartments for Rent in Lane, IL from $400 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lane.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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314 Mecherle
1 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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. Stones Crossing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. 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
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Timber CoveThe RegattaStudio,1BA$655
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$725
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$810

Best Value Apartments for Rent in Lane, IL and Nearby

As of May 22, 2025 the best value apartment in the Lane area is the $0.93 price per square foot 2/1.5 Model at Hershey Clearwater Townhomes in the in the Downtown Normal neighborhood starting from $1,399. The second greatest value Lane apartment is the All units Model at 3 Stortz Dr starting at $1,400 with a $1.17 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.
Hershey Clearwater Townhomes2/1.52BR,1.5BA$0.93
3 Stortz DrAll units2BR,2BA$1.17
East Douglas Apartments3BR/ 1BA3BR,1BA$1.00
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
Currency Commons Apartments2B1B2BR,1BA$1.25
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$0.99
2474 N Florian1st Floor2BR,1.5BA$1.13
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$0.93
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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

Explore Lane, IL Rentals by Map

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See the most popular apartments and homes in Lane, IL

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Frequently Asked Questions about Cheap Lane Apartments

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 $725 at Moundford Terrace.

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.