Cheap Apartments for Rent in Lovejoy, IL from $600 (56 Rentals)

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

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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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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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.

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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

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.

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Bee Hat Lofts
1 to 2 Bedroom Apartments

Bee Hat Lofts

1021-1025 Washington AveSt. Louis, MO 63101

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 $683. 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 Small1BR,1BA$683
Downtowner ApartmentsStudioStudio,1BA$775
Franklin School Apartments1 Bedroom1BR,1BA$785
The Gentrys Landing ApartmentsStudio UnfurnishedStudio,1BA$855
Sullivan Place Apartments1 Bed, 1 bath1BR,1BA$895
1527 E Grand Blvd2 bed2BR,1BA$900
The Ely Walker Lofts1 Bedroom | 1 Bathroom2BR,1BA$950
Cityside ApartmentsDogwood1BR,1BA$965
The ShelbyPapinStudio,1BA$965
The Crown Downtown1 Bedroom1BR,1BA$1,025

Best Value Apartments for Rent in Lovejoy, IL and Nearby

As of May 20, 2026 the best value apartment in the Lovejoy area is the $1.22 price per square foot 2BR Model at Gallery Villas in the in the Lafayette Square neighborhood starting from $2,500. The second greatest value Lovejoy apartment is the 2 Bedroom 2 Bath Model at Roberts Galerie Lofts starting at $1,500 with a $0.80 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.
Gallery Villas2BR2BR,2BA$1.22
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
Denim LoftsB2BR,2BA$1.20
Vangard LoftsBee Hat B62BR,2BA$0.97
Fashion Square IB12BR,1BA$1.15
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
The Lofts at OPOPA71BR,2BA$1.08
1527 E Grand Blvd2 bed2BR,1.5BA$0.88
Bee Hat LoftsA3 - 1 Bed 1 Bath1BR,1BA$1.20
Collins Terrace Apartments1 Bedroom Small1BR,1BA$1.37

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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Quick 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.

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

Explore Lovejoy, IL Rentals by Map

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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 $683 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 $807 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 Collins Terrace Apartments and starts from $1,032.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.