Cheap Homes for Rent in Lerna, IL from $500 (16 Rentals)

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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.

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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.

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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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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 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 ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Rider Place1 Bedroom1BR,1BA$500
The Millennium Apartments3 Bedroom3BR,1BA$505
Melrose and Brooklyn Heights Apartments2 Bed 1 Bath2BR,1BA$585

Best Value Apartments for Rent in Lerna, IL and Nearby

As of October 14, 2025 the best value apartment in the Lerna area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Lerna apartment is the Unit 11 Model at 2474 N Florian starting at $950 with a $1.06 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.
The Millennium Apartments3 Bedroom3BR,1BA$0.41
2474 N FlorianUnit 112BR,1.5BA$1.06
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
509 Charleston Ave2 Bed 1 Bath2BR,1BA$0.91
Hickory Point ApartmentsTwo Bedroom with In-Unit Washer/Dryer2BR,1BA$1.09
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Arthur Ave Apartments1x11BR,1BA$0.97
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$1.07
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Rider Place1 Bedroom1BR,1BA$0.92

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lerna, IL Rentals by Map

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Frequently Asked Questions about Lerna

What type of rentals are currently available in Lerna?

There are currently 37 Apartments for Rent in Lerna, IL with pricing that ranges from $413 to $1,750. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lerna ranging from $500 to $2,200.

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 $500 to $2,200 with an average monthly rent of $1,349.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.