
Cheap Homes for Rent in Loraine, IL from $300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Loraine.


518 W Murray St

109 E Jackson St

617 W Calhoun 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.

322 S Madison St

516 South St

12149 DMC Hwy 99

1002 W Carroll St, Unit 1
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.

2520 Vineyard St
Loraine, IL Local Guide

How much does it cost to rent a home in Loraine?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Loraine 2 Bedroom Homes for Rent | $923 | $399 | $1,250 |
Loraine 3 Bedroom Homes for Rent | $1,166 | $750 | $1,650 |
Loraine 4 Bedroom Homes for Rent | $1,057 | $975 | $1,140 |
Browse Top Homes for Rent in Loraine
Explore Loraine
Loraine, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Cedar Creek Crossing Apartments | 3 Bed 2 Bath | 3BR,2BA | $340 |
Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $462 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
School House Apartments | 3 Bedroom and 1 Bath | 3BR,1BA | $0.75 |
Emerson Garden Apartments | Three Beds Two Baths | 3BR,2BA | $1.08 |
Cedar Creek Crossing Apartments | 3 Bed 2 Bath | 3BR,2BA | $0.30 |
1500 N Carolina St | 3x2 | 3BR,2BA | $1.00 |
Westland Village | 2x1 | 2BR,1BA | $0.89 |
Summer Street Apartments | Apartment 2 | 2BR,1BA | $1.11 |
Blaul Lofts | Blaul Lofts - 403 | 1BR,1BA | $1.00 |
New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $0.97 |
Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.84 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Loraine, IL Rentals by Map
See the most popular apartments and homes in Loraine, IL
Frequently Asked Questions about Loraine
What type of rentals are currently available in Loraine?
There are currently 40 Apartments for Rent in Loraine, IL with pricing that ranges from $300 to $1,900. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Loraine ranging from $399 to $1,650.
What is the current price range for Rental Homes in Loraine?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Loraine ranges from $399 to $1,650 with an average monthly rent of $1,042.
How much are larger Three and Four Bedroom Rentals in Loraine?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Loraine range from $340 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,650. Four Bedroom Single-Family rentals are also available starting from $975 and Four Bedroom Apartments start at $600.
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.

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.

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.

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.

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.