
Cheap Homes for Rent in Lovejoy, IL from $700 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Lovejoy.


2238 State St

2251 Delmar Ave

809 Greenwood St

210 N 17th St

2415 S 10th St

4650 Pope Ave
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.

1520 Washington Ave

4426 Holly Ave

1725 Marcus Ave

2637 Grand Ave

2000 Meridian Ave

2322 Adams St

1000 Washington Ave
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.

300-314 N Broadway

1017 Ann Ave

4241 Maffitt Ave

2206 Lucas Ave

1855 Russell Blvd

2641 Center St

1111 Biddle St
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.

2012 Oregon Ave
Lovejoy, IL Local Guide

How much does it cost to rent a home in Lovejoy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lovejoy 2 Bedroom Homes for Rent | $1,407 | $725 | $2,300 |
| Lovejoy 3 Bedroom Homes for Rent | $1,691 | $1,295 | $2,295 |
| Lovejoy 5 Bedroom Homes for Rent | $1,797 | $1,000 | $2,595 |
Browse Top Homes for Rent in Lovejoy
Explore Lovejoy
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 2 Beds unit found at Collins Terrace Apartments in the Lafayette Square neighborhood priced from $720. 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 | 2 Bedroom Medium | 2BR,1BA | $720 |
| Downtowner Apartments | Studio | Studio,1BA | $775 |
| Franklin School Apartments | 1 Bedroom | 1BR,1BA | $785 |
| The Gentrys Landing Apartments | Studio Unfurnished | Studio,1BA | $855 |
| The Paul Brown Loft Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Lovejoy, IL and Nearby
As of April 10, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gallery Villas | 2BR | 2BR,2BA | $1.22 |
| Roberts Galerie Lofts | 2 Bedroom 2 Bath | 2BR,2BA | $0.80 |
| Denim Lofts | B | 2BR,2BA | $1.20 |
| Fashion Square I | B1 | 2BR,1BA | $1.15 |
| Syndicate Building | Stabdard 1BR | 1BR,1BA | $1.11 |
| Storyboard on Pine | Pine B2 | 2BR,2BA | $1.22 |
| Bee Hat Lofts | A3 - 1 Bed 1 Bath | 1BR,1BA | $1.20 |
| Vangard Lofts | Bee Hat A3 | 1BR,1BA | $1.15 |
| Collins Terrace Apartments | 2 Bedroom Small | 2BR,1BA | $0.96 |
| Preservation Square Apartments | One Bedroom | 1BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Lovejoy
What type of rentals are currently available in Lovejoy?
There are currently 44 Apartments for Rent in Lovejoy, IL with pricing that ranges from $720 to $7,935. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lovejoy ranging from $725 to $2,950.
What is the current price range for Rental Homes in Lovejoy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lovejoy ranges from $725 to $2,950 with an average monthly rent of $1,384.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.