Cheap Apartments for Rent near Loraine, IL from $347 (44 Rentals)

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

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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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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property at 400 S Central Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

3 Bedroom, 1.5 Bath Home for Rent

Available Now

400 S Central Ave

BurlingtonIA52601
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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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Lexington Concord
Studio to 3 Bedroom Apartments

Lexington Concord

902 N Charles StMacomb, IL 61455
Student Housing
  • Utilities Included
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Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • Utilities Included

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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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • 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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601-605 W Orchard St
Studio to 3 Bedroom Apartments

601-605 W Orchard St

601-605 W Orchard StMacomb, IL 61455
Student Housing
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Loraine, IL Local Guide

Cheapest Available Loraine Apartments for Rent and Nearby

 

The cheapest available apartment rental in Loraine, IL is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $267. 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 Apartments2 Bed 2 Bath2BR,2BA$267
Macomb RentalsStudio, 1 bathStudio,1BA$390
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$485
Smith and Royer Apartments1 Bedroom Side Apartment1BR,1BA$650
Bel Aire Apartments1 Bedroom1BR,1BA$700
Green Gable CottagesGreen Gable 1 Bedroom1BR,1BA$750
Caspian Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Park Madison Apartments1BR/1BA1BR,1BA$750
Laborer's Home Development IV, For Age 62+1 BR1BR,1BA$830
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$850

Best Value Apartments for Rent in Loraine, IL and Nearby

As of August 25, 2026 the best value apartment in the Loraine area is the $0.85 price per square foot 3 BR / 2 BA Model at Creekside Park in the starting from $1,029. The second greatest value Loraine apartment is the Blaul Lofts - 309 Model at Blaul Lofts starting at $1,200 with a $1.00 price per square foot in the Ginger Ridge neighborhood. 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.
Creekside Park3 BR / 2 BA3BR,2BA$0.85
Blaul LoftsBlaul Lofts - 3092BR,1BA$1.00
School House Apartments2 Bedroom and 1 Bath2BR,1BA$1.03
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$0.28
Westland Village2x12BR,1BA$0.89
Hawthorne Townhomes2 Bedrooms 2 Bath2BR,1.5BA$0.94
Alice Place West Burlington2-Bedroom2BR,1BA$1.13
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$1.03
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Jacksonville Affordable Housing1 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.

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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 Loraine, IL Rentals by Map

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See the most popular apartments and homes in Loraine, IL

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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 $485 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 $267 at Cedar Creek Crossing Apartments.

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 $296.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.