Cheap Apartments for Rent in Lee County, IL from $500 (18 Rentals)

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

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105 N Elm St
1 to 3 Bedroom Apartments

105 N Elm St

105 N Elm StFranklin Grove, IL 61031
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1136 Inlet Rd
2 Bedroom Apartments

1136 Inlet Rd

1136 Inlet RdAmboy, IL 61310
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1106 4th Ave
2 Bedroom Apartments

1106 4th Ave

1106 4th AveDixon, IL 61021

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.

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185 W Hawley St
1 Bedroom Apartments

185 W Hawley St

185 W Hawley StAmboy, IL 61310
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Amboy
1 to 2 Bedroom Apartments

Amboy

86 W Hawley StAmboy, IL 61310
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1231 N Galena Ave
Studio to 3 Bedroom Apartments

1231 N Galena Ave

1231 N Galena AveDixon, IL 61021
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403 S Ottawa Ave
1 Bedroom Apartments

403 S Ottawa Ave

403 S Ottawa AveDixon, IL 61021
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309 Alan St
1 to 2 Bedroom Apartments

309 Alan St

309 Alan StAshton, IL 61006

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.

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Dixon Manor
1 to 2 Bedroom Apartments

Dixon Manor

601 Countryside LnDixon, IL 61021
  • Utilities Included
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Amboy Manor
1 to 2 Bedroom Apartments

Amboy Manor

13 North East AveAmboy, IL 61310
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Dixon Manor Apartments
1 to 2 Bedroom Apartments

Dixon Manor Apartments

118-122 E Fellows StDixon, IL 61021
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Cheapest Available Lee County Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Dixon River Apartments2BD/2BA2BR,1BA$775

Best Value Apartments for Rent in Lee County, IL

As of May 09, 2026 the best value apartment in the Lee County area is the $0.92 price per square foot 2BD/2BA Model at Dixon River Apartments in the starting from $775. The second greatest value Lee County apartment is the 316 Chicago Rd Model at 316 Chicago Rd, Unit 1 starting at $895 with a $1.19 price per square foot . Here is today’s list of the best values for Lee County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dixon River Apartments2BD/2BA2BR,1BA$0.92
316 Chicago Rd, Unit 1316 Chicago Rd1BR,1BA$1.19

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.