
Cheap Homes for Rent in Lerna, IL from $500 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Lerna.


1536 E Decatur St

2055 E Prairie Ave

698 S Stone St

1311 E Garfield Ave

2143 E Wood 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.

418 S Van Buren St

1363 E Johns Ave

2152 E Johns Ave

401 S 19th St

600 E Jefferson Ave

1609 E Johns Ave
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.

2808 Champaign Ave

1913 E Prairie Ave

310 E Vine St

920 S Maffit St

313 S Grant St

3602 E Bering St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

412 Taylor Ave
Lerna, IL Local Guide

How much does it cost to rent a home in Lerna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lerna 2 Bedroom Homes for Rent | $1,022 | $750 | $1,700 |
| Lerna 3 Bedroom Homes for Rent | $1,224 | $800 | $2,450 |
| Lerna 4 Bedroom Homes for Rent | $1,174 | $1,072 | $1,300 |
| Lerna 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in Lerna
Explore Lerna
Lerna, IL Local Guide
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Cheapest Available Lerna Apartments for Rent and Nearby
 The cheapest available apartment rental in Lerna, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Lerna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $461 |
| Rider Place | 1 Bedroom | 1BR,1BA | $500 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| Melrose and Brooklyn Heights Apartments | 2 Bed 1 Bath | 2BR,1BA | $585 |
Best Value Apartments for Rent in Lerna, IL and Nearby
As of January 13, 2026 the best value apartment in the Lerna area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Lerna apartment is the 2Bed/2Bth Model at Parkstone Villas starting at $1,250 with a $1.00 price per square foot . Here is today’s list of the best values for Lerna apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| Parkstone Villas | 2Bed/2Bth | 2BR,2BA | $1.00 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Timber Cove | The Whitehall | 2BR,1BA | $0.98 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $0.61 |
| Decatur Flats Apartments | 1BR/1.0BA | 1BR,1BA | $1.01 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Stones Crossing Apartments | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
| Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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 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 Lerna, IL
Frequently Asked Questions about Lerna
What type of rentals are currently available in Lerna?
There are currently 41 Apartments for Rent in Lerna, IL with pricing that ranges from $413 to $1,750. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lerna ranging from $520 to $4,500.
What is the current price range for Rental Homes in Lerna?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lerna ranges from $520 to $4,500 with an average monthly rent of $1,738.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!