
Cheap Homes for Rent in Lenzburg, IL from $300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lenzburg.


2609 Sierra Dr

18 N 44th St

106 Lee Dr

164 Eagle Ridge

129 Northtowne 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.

4408 W Washington St

4410 W Washington St

308 Biggs Dr

18 Sarpy Rd

1308 Caseyville Ave

102 Kingsway Dr
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.
Lenzburg, IL Local Guide

How much does it cost to rent a home in Lenzburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lenzburg 2 Bedroom Homes for Rent | $1,389 | $390 | $1,950 |
| Lenzburg 3 Bedroom Homes for Rent | $1,761 | $1,200 | $2,600 |
| Lenzburg 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
| Lenzburg 6 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Top Homes for Rent in Lenzburg
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Lenzburg, IL Local Guide
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Cheapest Available Lenzburg Apartments for Rent and Nearby
 The cheapest available apartment rental in Lenzburg, IL is a 1 Bed unit found at McKay Manor priced from $475. Cottonwood Village in the Marina Villa neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Lenzburg apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McKay Manor | 1 Bdrm | 1BR,1BA | $475 |
| Cottonwood Village | 1 Bed, 1 bath | 1BR,1BA | $695 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $750 |
| Brookside Apartments | 1 Bedroom Updated Main Street | 1BR,1BA | $795 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Best Value Apartments for Rent in Lenzburg, IL and Nearby
As of May 31, 2026 the best value apartment in the Lenzburg area is the $1.08 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Metro East neighborhood starting from $1,350. The second greatest value Lenzburg apartment is the 2BR/1.5BA Model at Reside Here Apartments & Rentals starting at $1,295 with a $1.18 price per square foot in the Willow Walk neighborhood. Here is today’s list of the best values for Lenzburg apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.08 |
| Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.18 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1.18 |
| BSB Apartments | 220 Bd Townhouse | 2BR,1.5BA | $1.03 |
| 1400 Sangamon Dr | 2 Beds, 2 baths | 2BR,2BA | $1.15 |
| 54 Ben Louis Dr | 2 Beds, 1 bath | 2BR,1BA | $1.22 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $0.64 |
| Cottonwood Village | 1 Bed, 1 bath | 1BR,1BA | $1.24 |
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!
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See the most popular apartments and homes in Lenzburg, IL
Frequently Asked Questions about Lenzburg
What type of rentals are currently available in Lenzburg?
There are currently 52 Apartments for Rent in Lenzburg, IL with pricing that ranges from $414 to $2,795. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lenzburg ranging from $390 to $2,995.
What is the current price range for Rental Homes in Lenzburg?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lenzburg ranges from $390 to $2,995 with an average monthly rent of $1,906.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.