
Cheap Homes for Rent in Latham, IL from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Latham.


3500 N Dirksen Pkwy

830 E Rogers Ave

615 Harper Ave

347 N Stone St

1609 E Johns Ave

1274 W Green 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.

117 S Elder Ln

111 S Elder Ln

1011 N 12th St

1010 N 12th St

545 W William St

249 N 17th St

1816 S Pope Ave
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.
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 | $1,113 | $800 | $1,850 |
| Latham 3 Bedroom Homes for Rent | $1,193 | $625 | $2,500 |
| Latham 5 Bedroom Homes for Rent | $3,850 | $3,850 | $3,850 |
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. Country Place-Moweaqua I & ll has the second lowest priced unit, which is a 1 Bed apartment currently listed from $497. 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 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $497 |
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $507 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
Best Value Apartments for Rent in Latham, IL and Nearby
As of June 21, 2026 the best value apartment in the Latham area is the $1.06 price per square foot Two Bedroom Model at Centre @ 501 Apartments in the in the Downtown Springfield neighborhood starting from $1,300. 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. |
|---|---|---|---|
| Centre @ 501 Apartments | Two Bedroom | 2BR,1BA | $1.06 |
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.90 |
| Candles | B1 | 2BR,1.5BA | $1.06 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| 3TEN Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.05 |
| Lincoln Senior Flats | 2 Bed 1 Bath | 2BR,1BA | $0.97 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $0.60 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| Country Place-Moweaqua I & ll | 1 Bedroom | 1BR,1BA | $0.76 |
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!
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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 $3,400. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Latham ranging from $625 to $3,850.
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 $625 to $3,850 with an average monthly rent of $1,779.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.