
Cheap Homes for Rent near Lomax, IL from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Lomax.


518 W Murray St

516 South St

322 S Madison St

1022 Greenleaf St

708 SW 6th St

708 SW 6th 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.

1116 beecher ave, Unit 2

1205 S 15th St

1118 Monroe St

714 W Carroll St

522 W Murray St

1017 Park Ave

701 N E 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.
Lomax, IL Local Guide

How much does it cost to rent a home in Lomax?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lomax 2 Bedroom Homes for Rent | $989 | $725 | $1,800 |
| Lomax 3 Bedroom Homes for Rent | $1,257 | $885 | $2,500 |
| Lomax 4 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
| Lomax 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent in Lomax
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Lomax, IL Local Guide
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Cheapest Available Lomax Apartments for Rent and Nearby
 The cheapest available apartment rental in Lomax, IL is a Studio unit found at Macomb Rentals priced from $390. Mayfair Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $550. Here is today’s list of the most affordable Lomax apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Mayfair Manor | 2x1 | 2BR,1BA | $550 |
| Smith and Royer Apartments | 1 Bedroom Side Apartment | 1BR,1BA | $550 |
| Caspian Village Apartments | 2 Bedroom, 1 Bathrom | 2BR,1BA | $625 |
| Green Gable Cottages | Green Gable 1 Bedroom | 1BR,1BA | $750 |
Best Value Apartments for Rent in Lomax, IL and Nearby
As of July 12, 2026 the best value apartment in the Lomax area is the $0.76 price per square foot 2 Bedroom Model at Nemitz Hall in the in the Threshers Meadows neighborhood starting from $1,095. The second greatest value Lomax apartment is the 3 BR / 2 BA Model at Creekside Park starting at $1,029 with a $0.85 price per square foot . Here is today’s list of the best values for Lomax apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Nemitz Hall | 2 Bedroom | 2BR,2BA | $0.76 |
| Creekside Park | 3 BR / 2 BA | 3BR,2BA | $0.85 |
| Blaul Lofts | Blaul Lofts - 208 | 2BR,1BA | $1.00 |
| 998 IL-96, Unit 1-4 | 998 IL-96 | 2BR,1BA | $0.65 |
| Hawthorne Townhomes | 2 Bedrooms 2 Bath | 2BR,1.5BA | $0.91 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.86 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| School House Apartments | Studio | Studio ,1BA | $1.12 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Caspian Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.16 |
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!
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Frequently Asked Questions about Lomax
What type of rentals are currently available in Lomax?
There are currently 43 Apartments for Rent in Lomax, IL with pricing that ranges from $390 to $1,900. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lomax ranging from $595 to $2,500.
What is the current price range for Rental Homes in Lomax?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lomax ranges from $595 to $2,500 with an average monthly rent of $1,427.
How much are larger Three and Four Bedroom Rentals in Lomax?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lomax range from $870 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $885 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $600.
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.