Cheap Apartments for Rent in Lee, IL from $400 (25 Rentals)

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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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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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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.

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Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

406 S 3rd StOregon, IL 61061
Senior Living
  • Utilities Included

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.

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Lee, IL Local Guide

Cheapest Available Lee Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lee, IL is a Studio unit found at Ashbury Court in the Devonaire Farms neighborhood priced from $815. 103 W Railroad St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Lee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ashbury CourtSTStudio,1BA$815
103 W Railroad St1 Bed, 1 bath1BR,1BA$850
University Heights Apartments1B1BR,1BA$895
The Terraces at DekalbLincoln Hwy 1 Bed1BR,1BA$925
Varsity Square Apartments1 Bedroom with Dining Room1BR,1BA$938

Best Value Apartments for Rent in Lee, IL and Nearby

As of May 25, 2026 the best value apartment in the Lee area is the $1.74 price per square foot Accera Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,595. The second greatest value Lee apartment is the Two Bedroom Model at Cortland Estates starting at $1,425 with a $1.62 price per square foot in the Reston Ponds neighborhood. Here is today’s list of the best values for Lee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Cortland EstatesTwo Bedroom2BR,1BA$1.62
University Plaza ApartmentsB4 Floor Plan2BR,1BA$1.26
University Heights Apartments1B1BR,1BA$1.58
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$2.86
Varsity Square Apartments1 Bedroom with Dining Room1BR,1BA$1.71
The Terraces at DekalbLincoln Hwy 1 Bed1BR,1BA$1.95
Ashbury CourtSTStudio ,1BA$1.98

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.

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Real 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.

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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.

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Frequently Asked Questions about Cheap Lee Apartments

How much is rent for a Cheap One Bedroom Lee Apartment?

The lowest price for a Cheap One Bedroom Lee Apartment is $850 at 103 W Railroad St.

What is the lowest price for a Cheap Two Bedroom Lee Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lee is starting from $1,075 at The Terraces at Dekalb.

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

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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.

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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.

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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.

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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.