
Cheap Homes for Rent near Lane, IL from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Lane.


759 E Lawrence St

401 S 19th St

1719 W Olive St

1361 N 18th St

2051 N Main St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1753 E Clay St

615 Harper Ave

2490 E Prairie St

1255 E Clay St

1705 E N St

1811 N Morgan St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1741 N Woodford St

2150 E Clay St

840 W Wood St

117 S Elder Ln

111 S Elder Ln

462 W Leafland Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

819 E Whitmer St

1829 N Martin Luther King Jr Dr
Lane, IL Local Guide

How much does it cost to rent a home in Lane?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lane 2 Bedroom Homes for Rent | $1,234 | $550 | $2,450 |
| Lane 3 Bedroom Homes for Rent | $1,547 | $595 | $2,200 |
| Lane 4 Bedroom Homes for Rent | $2,950 | $2,950 | $2,950 |
| Lane 5 Bedroom Homes for Rent | $3,850 | $3,850 | $3,850 |
Browse Top Homes for Rent in Lane
Explore Lane
Lane, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lane Apartments for Rent and Nearby
 The cheapest available apartment rental in Lane, IL is a Studio unit found at Roosevelt School Apartments priced from $502. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 2 Beds apartment currently listed from $507. Here is today’s list of the most affordable Lane apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $507 |
| Washington Senior Apartments | Studio | Studio,1BA | $546 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
| Bradlee Park Apartments | Studio | Studio,1BA | $650 |
Best Value Apartments for Rent in Lane, IL and Nearby
As of July 24, 2026 the best value apartment in the Lane area is the $0.88 price per square foot 3BR/1.5BA Model at Decatur Flats Apartments in the starting from $1,100. The second greatest value Lane apartment is the 2BR/ 1BA Model at East Douglas Apartments starting at $900 with a $0.75 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Decatur Flats Apartments | 3BR/1.5BA | 3BR,1.5BA | $0.88 |
| East Douglas Apartments | 2BR/ 1BA | 2BR,1BA | $0.75 |
| 3 Stortz Drive | All units | 2BR,2BA | $1.08 |
| Oak Creek Plaza | 2 Bed / 1 Bath | 2BR,1BA | $0.91 |
| Currency Commons Apartments | 2B1B | 2BR,1BA | $1.00 |
| The Grove at Main | 2 Bed / 1 Bath - URB | 2BR,1BA | $0.97 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| Arbors at Eastland | The Cypress | 2BR,1BA | $1.09 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $0.60 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
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 ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lane, IL Rentals by Map
See the most popular apartments and homes in Lane, IL
Frequently Asked Questions about Lane
What type of rentals are currently available in Lane?
There are currently 47 Apartments for Rent in Lane, IL with pricing that ranges from $482 to $10,920. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lane ranging from $550 to $3,850.
What is the current price range for Rental Homes in Lane?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lane ranges from $550 to $3,850 with an average monthly rent of $2,068.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.

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.