Cheap Apartments for Rent near Lee, IL from $400 (37 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

406 S 3rd StOregon, IL 61061
Senior Living
  • Utilities Included
close
View Me
Fox Hill Senior Living
1 to 2 Bedroom Apartments

Fox Hill Senior Living

1536 Sycamore RdYorkville, IL 60560
Senior Living
  • 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.

Read Article
close
View Me
311 W Roosevelt St
2 Bedroom Apartments

311 W Roosevelt St

311 W Roosevelt StDekalb, IL 60115
  • 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.

Read Article
Showing Results 1-37, Page 1 of 1

Lee, IL Local Guide

Cheapest Available Lee Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lee, IL is a 1 Bed unit found at The Terraces at Dekalb on Hillcrest Drive in the Dekalb neighborhood priced from $825. Varsity Square Apartments in the Dekalb neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $928. Here is today’s list of the most affordable Lee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$825
Varsity Square ApartmentsSmall Corner 1 Bedroom1BR,1BA$928
Ashbury Court2B2BR,1BA$1,075
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1,075
City Hall Suites1 BD | 1 BA1BR,1BA$1,400
Isaac Executive SuitesJunior One BedroomStudio,1BA$1,400
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$1,578
Mason Townhouse Suites4 TH4BR,3BA$2,050
Hunter Star PropertiesHunter Star - 8 Bedroom 2.5 Bath8BR,2BA$2,100
Bristol Bay of YorkvilleAccera2BR,2BA$2,595

Best Value Apartments for Rent in Lee, IL and Nearby

As of July 10, 2026 the best value apartment in the Lee area is the $0.93 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Dekalb neighborhood starting from $2,050. The second greatest value Lee apartment is the Accera Model at Bristol Bay of Yorkville starting at $2,595 with a $1.74 price per square foot in the Blackberry Crossing West 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.
Mason Townhouse Suites4 TH4BR,3BA$0.93
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Ashbury Court2B2BR,1BA$1.30
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1.43
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$2.86
Varsity Square ApartmentsSmall Corner 1 Bedroom1BR,1BA$1.75
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$2.06
University Plaza ApartmentsA1 Floor Plan1BR,1BA$3.15

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lee, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lee, IL

View Map
Lee, IL Apartments Map
View Map
Lee, IL Rental Homes Map

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 $825 at The Terraces at Dekalb on Hillcrest Drive.

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 Ashbury Court.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.