
Cheap Apartments for Rent in Lovejoy, IL from $600 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Lovejoy.


Downtowner Apartments

Roberts Galerie Lofts

The Gentrys Landing Apartments

Sullivan Place Apartments

Preservation Square

The Ely Walker Lofts

Grace Lofts

The Shelby

College Hill Apartments
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.

Cityside Apartments

Vangard Lofts

Arcade Apartments

Six Cord

The Crown Downtown

Lofts at the MAC

Park Pacific Luxury Apartments

Fashion Square I

Gallery 720

The Lofts at OPOP
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.

The Laurel Apartments

The Tower at OPOP

Syndicate Building

Front Page Lofts

Gallery 515

Monogram on Washington

Bogen | Urban Chic Lofts

Ventana | On Wash Ave

The New Broadview

Mansion House 1
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

809 Greenwood St

2129 Delmar Ave

2717 Lincoln Ave

210 N 17th St

Bristol Place Townhomes

The Paul Brown Loft Apartments

2108 Washington St

1527 E Grand Blvd

2000 Meridian Ave

3127 Clay Ave
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.

2650 E 24th St

1523 Angelrodt St

1725 Marcus Ave

2734 Center St

1857 S 9th St

2262 Cleveland Blvd

Bee Hat Lofts

4426 Holly Ave

2446 State St

705 Washington Dr
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.
Lovejoy, IL Local Guide

How much does it cost to rent an apartment in Lovejoy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lovejoy Studio Apartments | $1,131 | $775 | $1,990 |
| Lovejoy 1 Bedroom Apartments | $1,438 | $644 | $4,142 |
| Lovejoy 2 Bedroom Apartments | $2,071 | $784 | $7,935 |
| Lovejoy 3 Bedroom Apartments | $2,323 | $1,025 | $5,000 |
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Lovejoy, IL Local Guide
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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 $644. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Collins Terrace Apartments | 1 Bedroom Small | 1BR,1BA | $644 |
| Downtowner Apartments | Studio | Studio,1BA | $775 |
| The Gentrys Landing Apartments | Studio Unfurnished | Studio,1BA | $855 |
| Sullivan Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $895 |
| Grace Lofts | 1 Bed 1 Bath | 1BR,1BA | $950 |
| The Ely Walker Lofts | 1 Bedroom | 1 Bathroom | 2BR,1BA | $950 |
| The Shelby | Papin | Studio,1BA | $965 |
| College Hill Apartments | Townhome | 2BR,1BA | $970 |
| Cityside Apartments | Dogwood | 1BR,1BA | $975 |
| Six Cord | 1A | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in Lovejoy, IL and Nearby
As of July 04, 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 B Model at Denim Lofts starting at $1,875 with a $1.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roberts Galerie Lofts | 2 Bedroom 2 Bath | 2BR,2BA | $0.80 |
| Denim Lofts | B | 2BR,2BA | $1.20 |
| Vangard Lofts | Bee Hat B6 | 2BR,2BA | $0.98 |
| Bogen | Urban Chic Lofts | L2 | 2BR,2BA | $1.21 |
| Fashion Square I | B1 | 2BR,1BA | $1.15 |
| Syndicate Building | Stabdard 1BR | 1BR,1BA | $1.11 |
| College Hill Apartments | Townhome | 2BR,1.5BA | $0.95 |
| Grace Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.02 |
| Bee Hat Lofts | A3 - 1 Bed 1 Bath | 1BR,1BA | $1.20 |
| Collins Terrace Apartments | 1 Bedroom Small | 1BR,1BA | $1.29 |
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!
Explore Lovejoy, IL Rentals by Map
See the most popular apartments and homes in Lovejoy, IL
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 $644 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 $784 at Collins Terrace Apartments.
What is the most affordable Lovejoy Three Bedroom Apartment?
The best deal on a cheap Lovejoy Three Bedroom Apartment rental is at The Lofts at OPOP and starts from $2,090.
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.