Cheap Apartments for Rent near Lilbourn, MO from $500 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lilbourn.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Caraway Commons
$850 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,150
Total Monthly Price
$850 - $1,150
1 to 3 Bedroom Apartments Available Now

Caraway Commons

3308 Caraway Commons DrJonesboro, AR 72404
Outdoors
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  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lauren's Place
2 to 3 Bedroom Apartments

Lauren's Place

802 Crown StMarble Hill, MO 63764

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.

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Villas at Jonesboro
1 to 2 Bedroom Apartments

Villas at Jonesboro

983 N Patrick StJonesboro, AR 72401
Senior Living
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Sundance Townhomes
2 Bedroom Apartments

Sundance Townhomes

1912 Word CvJonesboro, AR 72401
Student Housing
  • Utilities Included

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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Lilbourn, MO Local Guide

Cheapest Available Lilbourn Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lilbourn, MO is a Studio unit found at Cedar Manor Apartments in the Downtown Jonesboro neighborhood priced from $575. Capri has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Lilbourn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Manor ApartmentsStudioStudio,1BA$575
CapriDiamond1BR,1BA$600
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$660
601 Kinzer St301 Kinzer St2BR,1BA$695
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$700
SilverwoodCustom1BR,1BA$705
Commonwealth Court Apartments1 BR1BR,1BA$705
Jackson House1 Bedroom - Jackson House1BR,1BA$781
Williamsburg ApartmentsMEDIUM 2BR/1BA2BR,1BA$790
Courtyard @ The Corner2 Bedroom, 1 Bathroom2BR,1BA$800

Best Value Apartments for Rent in Lilbourn, MO and Nearby

As of August 04, 2026 the best value apartment in the Lilbourn area is the $0.72 price per square foot 2BR/1.5BA Model at Brooke Village in the starting from $860. The second greatest value Lilbourn apartment is the 3BR -R Model at Caraway Commons starting at $1,150 with a $0.98 price per square foot . Here is today’s list of the best values for Lilbourn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brooke Village2BR/1.5BA2BR,1.5BA$0.72
Caraway Commons3BR -R3BR,2BA$0.98
Williamsburg ApartmentsMEDIUM 2BR/1BA2BR,1BA$0.83
601 Kinzer St301 Kinzer St2BR,1BA$0.76
Chapel Ridge of RipleyTwo Bedroom Two Bathroom2BR,1BA$1.11
The District at CapeMarquet1BR,1BA$1.12
Grove Apartments1 Bedroom1BR,1BA$1.12
Courtyard @ The Corner2 Bedroom, 1 Bathroom2BR,1BA$1.09
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$0.92
Commonwealth Court Apartments1 BR1BR,1BA$1.07

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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Real 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.

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

Explore Lilbourn, MO Rentals by Map

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Frequently Asked Questions about Cheap Lilbourn Apartments

What is the Cheapest Studio apartment in Lilbourn?

Currently the most affordable Cheap Studio Apartment in Lilbourn is at Cedar Manor Apartments listed at $575.

How much is rent for a Cheap One Bedroom Lilbourn Apartment?

The lowest price for a Cheap One Bedroom Lilbourn Apartment is $600 at Capri.

What is the lowest price for a Cheap Two Bedroom Lilbourn Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lilbourn is starting from $695 at 601 Kinzer St.

What is the most affordable Lilbourn Three Bedroom Apartment?

The best deal on a cheap Lilbourn Three Bedroom Apartment rental is at Mora Mi Apartments and starts from $850.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.