
Cheap Homes for Rent near Lincolns New Salem, IL from $500 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Lincolns New Salem.


201-220 Charleston Blvd

2525 W Monroe St

619 S 5th St

1011 N 12th St

1010 N 12th 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.

522 W Murray St

47 Imperial Valley Dr

1408 N 15th St

920 N 19th St

1413 N 5th St

1137 N 4th 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.

525 W Cook St

3430 N Peoria Rd

3617 N Grand Ave E

423 W Lawrence Ave

14 Amos Valley Dr

2038 N 9th St
Cash 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.

1235 N 8th St

1024 N 11th St

1506 E Phillips St

4 Amos Valley Dr

31 Imperial Valley Dr

1 Amos Valley Dr
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.

16 Sonoma Dr

17 Grand Valley Dr

27 Amos Valley Dr
Lincolns New Salem, IL Local Guide

How much does it cost to rent a home in Lincolns New Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincolns New Salem 2 Bedroom Homes for Rent | $1,086 | $900 | $1,300 |
| Lincolns New Salem 3 Bedroom Homes for Rent | $1,443 | $530 | $2,950 |
| Lincolns New Salem 4 Bedroom Homes for Rent | $2,248 | $1,295 | $3,500 |
Browse Top Homes for Rent in Lincolns New Salem
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Lincolns New Salem, IL Local Guide
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Cheapest Available Lincolns New Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Lincolns New Salem, IL is a 1 Bed unit found at Lincoln Senior Flats priced from $400. Jacksonville Affordable Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $485. Here is today’s list of the most affordable Lincolns New Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Senior Flats | 1 Bed 1 Bath | 1BR,1BA | $400 |
| Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $485 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| The Hickox Collection | The Hickox | Studio,1BA | $657 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $850 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $875 |
| Ravenwood Townhomes | Townhome | 2BR,1BA | $895 |
| Capitol Plaza Apartments | One Bedroom, One Bath | 1BR,1BA | $896 |
| The Boulevard Townhomes | Apartment | 2BR,1BA | $900 |
Best Value Apartments for Rent in Lincolns New Salem, IL and Nearby
As of July 12, 2026 the best value apartment in the Lincolns New Salem area is the $1.24 price per square foot Two Bedroom Two Bath Model at Koke Mill Apartments in the starting from $1,300. The second greatest value Lincolns New Salem apartment is the Townhome Model at Ravenwood Townhomes starting at $895 with a $0.90 price per square foot . Here is today’s list of the best values for Lincolns New Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Koke Mill Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.24 |
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.90 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| Safe Harbor Properties | 2 Bdr 1 Bath with Balcony. Capitol View. | 2BR,1BA | $1.08 |
| 3TEN Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.05 |
| Lincoln Senior Flats | 2 Bed 1 Bath | 2BR,1BA | $0.97 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $1.03 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.88 |
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!
Explore Lincolns New Salem, IL Rentals by Map
See the most popular apartments and homes in Lincolns New Salem, IL
Frequently Asked Questions about Lincolns New Salem
What type of rentals are currently available in Lincolns New Salem?
There are currently 46 Apartments for Rent in Lincolns New Salem, IL with pricing that ranges from $347 to $3,400. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincolns New Salem ranging from $530 to $3,500.
What is the current price range for Rental Homes in Lincolns New Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincolns New Salem ranges from $530 to $3,500 with an average monthly rent of $1,381.
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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.