
Cheap Homes for Rent near Latham, IL from $500 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Latham.


1923 N Church St

759 E Lawrence St

821 N Oakland Ave

1719 W Olive St

1454 E 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.

442 W Division St

1361 N 18th St

2051 N Main St

1753 E Clay St

238 W Peoria Ave

615 Harper Ave
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.

2490 E Prairie St

1908 N Union St

327 E Stuart Ave

1255 E Clay St

1705 E N St

1439 N Jasper St
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.

1811 N Morgan St

803 E Whitmer St

462 W Leafland Ave

1828 E Main St

1454 N Walnut Grove Ave

1746 N Woodford St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

785 E Cantrell St

812 E Cantrell St

840 W Wood St
Latham, IL Local Guide

How much does it cost to rent a home in Latham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Latham 2 Bedroom Homes for Rent | $893 | $575 | $1,250 |
| Latham 3 Bedroom Homes for Rent | $1,168 | $595 | $2,000 |
| Latham 5 Bedroom Homes for Rent | $2,350 | $2,350 | $2,350 |
Browse Top Homes for Rent in Latham
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Latham, IL Local Guide
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Cheapest Available Latham Apartments for Rent and Nearby
 The cheapest available apartment rental in Latham, IL is a 1 Bed unit found at Lincoln Senior Flats priced from $400. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $421. Here is today’s list of the most affordable Latham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Senior Flats | 1 Bed 1 Bath | 1BR,1BA | $400 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $497 |
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| The Hickox Collection | The Abe Lincoln | Studio,1BA | $718 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
| Timber Cove | The Yawl | 1BR,1BA | $780 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $785 |
Best Value Apartments for Rent in Latham, IL and Nearby
As of August 07, 2026 the best value apartment in the Latham area is the $0.89 price per square foot C1 Model at Candles in the starting from $1,028. The second greatest value Latham apartment is the Townhome Model at Ravenwood Townhomes starting at $895 with a $0.90 price per square foot . Here is today’s list of the best values for Latham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Candles | C1 | 3BR,2BA | $0.89 |
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.90 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| Lincoln Senior Flats | 2 Bed 1 Bath | 2BR,1BA | $0.97 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| Timber Cove | The Yawl | 1BR,1BA | $1.11 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $0.76 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Stones Crossing Apartments | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
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 Latham, IL Rentals by Map
See the most popular apartments and homes in Latham, IL
Frequently Asked Questions about Latham
What type of rentals are currently available in Latham?
There are currently 49 Apartments for Rent in Latham, IL with pricing that ranges from $400 to $2,120. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Latham ranging from $575 to $2,350.
What is the current price range for Rental Homes in Latham?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Latham ranges from $575 to $2,350 with an average monthly rent of $1,007.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.