
Cheap Homes for Rent near Lee, IL from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lee.


175 Liberty Ln

214 W 1st St

109 S 12th St

516 Stilson St

520 Stilson 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.

105 Azalea Ave

106 Azalea Ave

418 N 4th St

555 N Strack St

1528 Oak Ln

1435 Moluf St
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.
Lee, IL Local Guide

How much does it cost to rent a home in Lee?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lee 2 Bedroom Homes for Rent | $1,586 | $1,200 | $2,000 |
| Lee 3 Bedroom Homes for Rent | $2,238 | $1,379 | $3,200 |
| Lee 4 Bedroom Homes for Rent | $2,638 | $1,625 | $3,500 |
Browse Top Homes for Rent in Lee
Explore Lee
Lee, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Terraces at Dekalb on Hillcrest Drive | Hillcrest Drive 1 Bed | 1BR,1BA | $825 |
| Varsity Square Apartments | Small Corner 1 Bedroom | 1BR,1BA | $928 |
| Ashbury Court | 2B | 2BR,1BA | $1,075 |
| The Terraces at Dekalb | Lincoln Hwy 2 Bed | 2BR,1BA | $1,075 |
| Colonial Townhouses | 3 TH | 3BR,1BA | $1,350 |
Best Value Apartments for Rent in Lee, IL and Nearby
As of July 15, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mason Townhouse Suites | 4 TH | 4BR,3BA | $0.93 |
| Bristol Bay of Yorkville | Accera | 2BR,2.5BA | $1.74 |
| Cortland Estates | Three Bedroom | 3BR,2BA | $1.47 |
| Colonial Townhouses | 3 TH | 3BR,1.5BA | $1.23 |
| Ashbury Court | 2B | 2BR,1BA | $1.30 |
| The Terraces at Dekalb | Lincoln Hwy 2 Bed | 2BR,1BA | $1.43 |
| University Heights Apartments | 1B | 1BR,1BA | $1.58 |
| Countryside Village Apartments | 1 Bed, 1 bath | 1BR,1BA | $2.86 |
| Varsity Square Apartments | Small Corner 1 Bedroom | 1BR,1BA | $1.75 |
| The Terraces at Dekalb on Hillcrest Drive | Hillcrest Drive 1 Bed | 1BR,1BA | $2.06 |
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 Lee, IL Rentals by Map
See the most popular apartments and homes in Lee, IL
Frequently Asked Questions about Lee
What type of rentals are currently available in Lee?
There are currently 42 Apartments for Rent in Lee, IL with pricing that ranges from $450 to $2,500. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lee ranging from $650 to $3,500.
What is the current price range for Rental Homes in Lee?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lee ranges from $650 to $3,500 with an average monthly rent of $1,904.
How much are larger Three and Four Bedroom Rentals in Lee?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lee range from $1,070 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,379 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,625 and Four Bedroom Apartments start at $1,295.
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

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.

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.