
Cheap Homes for Rent near Lemont, IL from $1,500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Lemont.


Furnished Studio-Chicago - Darien

16W535 79th St

49 W 66th St

7303 Grand Ave

7425 Brookdale Dr

2210 Country Club Dr
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.

3 Tower Ct

10S442 Echo Ln, Unit 3

10 Fernwood Dr

325 Rockhurst Rd

238 Algonquin Ct

618 E 12th St

36 Wildwood Ln
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.
Lemont, IL Local Guide

How much does it cost to rent a home in Lemont?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lemont 2 Bedroom Homes for Rent | $2,294 | $1,700 | $3,100 |
| Lemont 3 Bedroom Homes for Rent | $3,066 | $2,100 | $6,000 |
| Lemont 4 Bedroom Homes for Rent | $6,900 | $2,250 | $10,000+ |
| Lemont 5 Bedroom Homes for Rent | $3,550 | $3,550 | $3,550 |
Browse Top Homes for Rent in Lemont
Explore Lemont
Lemont, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lemont Apartments for Rent and Nearby
 The cheapest available apartment rental in Lemont, IL is a 1 Bed unit found at Grace View Apartments priced from $975. Acclaim at Hinsdale Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,286. Here is today’s list of the most affordable Lemont apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grace View Apartments | 1 Bed, 1 bath | 1BR,1BA | $975 |
| Acclaim at Hinsdale Lake | 1 Bedroom 1 Bath | 1BR,1BA | $1,286 |
| Greenleaf | 1x1 - 636 | 1BR,1BA | $1,696 |
| Brook on Janes | Falconridge | 2BR,2BA | $2,583 |
Best Value Apartments for Rent in Lemont, IL and Nearby
As of July 09, 2026 the best value apartment in the Lemont area is the $2.45 price per square foot Falconridge Model at Brook on Janes in the in the International Center neighborhood starting from $2,583. The second greatest value Lemont apartment is the 1 Bedroom 1 Bath Model at Acclaim at Hinsdale Lake starting at $1,286 with a $1.68 price per square foot . Here is today’s list of the best values for Lemont apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brook on Janes | Falconridge | 2BR,2BA | $2.45 |
| Acclaim at Hinsdale Lake | 1 Bedroom 1 Bath | 1BR,1BA | $1.68 |
| 14545 Archer Ave | 14545 Archer Ave | 2BR,1BA | $2.47 |
| Greenleaf | 1x1 - 636 | 1BR,1BA | $2.67 |
| Grace View Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.63 |
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 ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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.
Best Local Schools in Lemont, IL
River Valley School
Lemont Twp High School
Old Quarry Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lemont, IL Rentals by Map
See the most popular apartments and homes in Lemont, IL
Frequently Asked Questions about Lemont
What type of rentals are currently available in Lemont?
There are currently 47 Apartments for Rent in Lemont, IL with pricing that ranges from $975 to $3,225. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lemont ranging from $1,500 to $20,000.
What is the current price range for Rental Homes in Lemont?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lemont ranges from $1,500 to $20,000 with an average monthly rent of $3,775.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
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.