Cheap Homes for Rent in Lerna, IL from $400 (18 Rentals)

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Search the lowest-cost Homes available for rent right now in Lerna.

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-18, Page 1 of 1

Lerna, IL Local Guide

Cheapest Available Lerna Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lerna, IL is a 1 Bed unit found at Rider Place priced from $500. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 2 Beds apartment currently listed from $507. Here is today’s list of the most affordable Lerna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rider Place1 Bedroom1BR,1BA$500
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$507
Arthur Ave Apartments1x11BR,1BA$610
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$725

Best Value Apartments for Rent in Lerna, IL and Nearby

As of June 23, 2025 the best value apartment in the Lerna area is the $1.00 price per square foot 2 Bed/ 2 Bath Model at Parkstone Villas in the starting from $1,250. The second greatest value Lerna apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Lerna apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkstone Villas2 Bed/ 2 Bath2BR,2BA$1.00
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Panther Heights2 Bed 2 Bath2BR,2BA$1.20
Royal Heights3 Person Occupancy3BR,1.5BA$1.11
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
2474 N Florian1st Floor2BR,1.5BA$1.13
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$1.06
Arthur Ave Apartments1x11BR,1BA$0.97
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16
Rider Place1 Bedroom1BR,1BA$0.92

Quick Rent Budget Calculator

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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.

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Frequently Asked Questions about Lerna

What type of rentals are currently available in Lerna?

There are currently 38 Apartments for Rent in Lerna, IL with pricing that ranges from $500 to $2,000. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lerna ranging from $450 to $3,250.

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 $450 to $3,250 with an average monthly rent of $1,344.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.