Cheap Apartments for Rent near Lovejoy, IL from $600 (62 Rentals)

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

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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The New Broadview
1 to 2 Bedroom Apartments

The New Broadview

5 E BroadwayEast St. Louis, IL 62201
Senior Living
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Mansion House 1
Studio to 2 Bedroom Apartments

Mansion House 1

300 N 4th StSt. Louis, MO 63102
Corporate Housing
  • Utilities Included
property at 210 N 17th St

$850 - $950

Studio To 1 Bedroom Rentals

Available Now

210 N 17th St

St. LouisMO63103

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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1527 E Grand Blvd
2 Bedroom Apartments

1527 E Grand Blvd

1527 E Grand BlvdSt. Louis, MO 63107
Senior Living

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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Lovejoy, IL Local Guide

Cheapest Available Lovejoy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lovejoy, IL is a 1 Bed unit found at Collins Terrace Apartments in the Lafayette Square neighborhood priced from $690. Downtowner Apartments in the Lafayette Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Lovejoy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Collins Terrace Apartments1 Bedroom Large1BR,1BA$690
Downtowner ApartmentsStudioStudio,1BA$775
The Gentrys Landing ApartmentsStudio UnfurnishedStudio,1BA$855
Sullivan Place Apartments1 Bed, 1 bath1BR,1BA$895
Preservation Square1 Bdrm Garden, 669 SqFt, Market,1BR,1BA$926
The Ely Walker Lofts1 Bedroom | 1 Bathroom2BR,1BA$950
The ShelbyPapinStudio,1BA$965
Cityside ApartmentsDogwood1BR,1BA$975
The Crown Downtown1 Bedroom1BR,1BA$1,025
Bee Hat LoftsA3 - 1 Bed 1 Bath1BR,1BA$1,099

Best Value Apartments for Rent in Lovejoy, IL and Nearby

As of August 18, 2026 the best value apartment in the Lovejoy area is the $0.80 price per square foot 2 Bedroom 2 Bath Model at Roberts Galerie Lofts in the in the Lafayette Square neighborhood starting from $1,500. The second greatest value Lovejoy apartment is the B2 Model at Bogen | Urban Chic Lofts starting at $1,865 with a $1.17 price per square foot in the Lafayette Square neighborhood. Here is today’s list of the best values for Lovejoy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
Bogen | Urban Chic LoftsB22BR,2BA$1.17
Denim LoftsB2BR,2BA$1.20
Fashion Square IB12BR,1BA$1.15
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
Storyboard on PinePine B32BR,2BA$1.23
Vangard Lofts1A1BR,1BA$1.20
Lofts at the MAC1BR/1.0BA1BR,1BA$1.27
Grace LoftsCITY LOFT1BR,1BA$1.23
Bee Hat LoftsA3 - 1 Bed 1 Bath1BR,1BA$1.20

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 Lovejoy, IL Rentals by Map

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See the most popular apartments and homes in Lovejoy, IL

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Frequently Asked Questions about Cheap Lovejoy Apartments

What is the Cheapest Studio apartment in Lovejoy?

Currently the most affordable Cheap Studio Apartment in Lovejoy is at Downtowner Apartments listed at $775.

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

The lowest price for a Cheap One Bedroom Lovejoy Apartment is $690 at Collins Terrace Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lovejoy is starting from $950 at The Ely Walker Lofts.

What is the most affordable Lovejoy Three Bedroom Apartment?

The best deal on a cheap Lovejoy Three Bedroom Apartment rental is at Collins Terrace Apartments and starts from $959.

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.