
Cheap Homes for Rent in Lane, IL from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lane.


1745 W Grand Ave

336 S 19th St

432 W Center St
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.

340 W Olive St

1908 N Union St

403 E Division St

1363 E Johns Ave
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.

401 S 19th St
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 | $810 | $650 | $1,000 |
Lane 3 Bedroom Homes for Rent | $1,326 | $720 | $1,950 |
Lane 4 Bedroom Homes for Rent | $1,791 | $1,100 | $2,950 |
Lane 5 Bedroom Homes for Rent | $3,125 | $1,750 | $4,500 |
Lane 7 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Lane
Explore Lane
Lane, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $461 |
Washington Senior Apartments | Studio | Studio,1BA | $548 |
Best Value Apartments for Rent in Lane, IL and Nearby
As of September 14, 2025 the best value apartment in the Lane area is the $0.94 price per square foot 3/1.5 Model at Hershey Clearwater Townhomes in the starting from $1,399. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Hershey Clearwater Townhomes | 3/1.5 | 3BR,1.5BA | $0.94 |
3 Stortz Drive | All units | 2BR,2BA | $1.08 |
108 Oak Creek Plaza | 2/1 Vaulted Ceilings with Carpet | 2BR,1BA | $1.00 |
Lincoln Lofts | 2 Bedroom | 2BR,2BA | $1.03 |
West Mound Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.99 |
2474 N Florian | Unit 11 | 2BR,1.5BA | $1.06 |
Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $0.61 |
Moundford Terrace | 1 Bedroom 1 Bath | 1BR,1BA | $1.07 |
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
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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 43 Apartments for Rent in Lane, IL with pricing that ranges from $461 to $10,000. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lane ranging from $520 to $4,500.
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 $520 to $4,500 with an average monthly rent of $1,720.
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.

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.

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.

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.

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.