Cheap Apartments for Rent in Loraine, IL from $300 (15 Rentals)

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Caspian Village
Rent Specials
$700 - $900Studio to 2 Bedroom Apartments Available Now

Caspian Village

701 E Pennington StWest Burlington, IA 52655
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  • Utilities Included

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630 N 6th St
Studio to 1 Bedroom Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601
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Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • Utilities Included

Loraine, IL Local Guide

Cheapest Available Loraine Apartments for Rent and Nearby

 

The cheapest available apartment rental in Loraine, IL is a 3 Beds unit found at Cedar Creek Crossing Apartments priced from $340. Macomb Rentals has the second lowest priced unit, which is a Studio apartment currently listed from $390. Here is today’s list of the most affordable Loraine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments3 Bed 2 Bath3BR,2BA$340
Macomb RentalsStudio, 1 bathStudio,1BA$390
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$462
Bel Aire Apartments1 Bedroom1BR,1BA$645
Smith and Royer Apartments1 Bedroom1BR,1BA$650

Best Value Apartments for Rent in Loraine, IL and Nearby

As of September 10, 2025 the best value apartment in the Loraine area is the $0.75 price per square foot 3 Bedroom and 1 Bath Model at School House Apartments in the in the Pershing Place neighborhood starting from $1,050. The second greatest value Loraine apartment is the Three Beds Two Baths Model at Emerson Garden Apartments starting at $1,400 with a $1.08 price per square foot . Here is today’s list of the best values for Loraine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
School House Apartments3 Bedroom and 1 Bath3BR,1BA$0.75
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1.08
Cedar Creek Crossing Apartments3 Bed 2 Bath3BR,2BA$0.30
1500 N Carolina St3x23BR,2BA$1.00
Westland Village2x12BR,1BA$0.89
Summer Street ApartmentsApartment 22BR,1BA$1.11
Blaul LoftsBlaul Lofts - 4031BR,1BA$1.00
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$0.97
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Jacksonville Affordable Housing1 Bedroom 60%1BR,1BA$0.84

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

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Getting Around Loraine, IL

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

24 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Loraine Apartments

What is the Cheapest Studio apartment in Loraine?

Currently the most affordable Cheap Studio Apartment in Loraine is at Macomb Rentals listed at $390.

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

The lowest price for a Cheap One Bedroom Loraine Apartment is $462 at Jacksonville Affordable Housing.

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

Today's best deal for a Cheap Two Bedroom Apartment in Loraine is starting from $450 at Macomb Rentals.

What is the most affordable Loraine Three Bedroom Apartment?

The best deal on a cheap Loraine Three Bedroom Apartment rental is at Cedar Creek Crossing Apartments and starts from $340.

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.