
Cheap Homes for Rent in Lovejoy, IL from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Lovejoy.


3127 Clay Ave

2301 Belleview Ave

1725 Marcus Ave

4426 Holly Ave

1523 Angelrodt St
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.

2734 Center St

1857 S 9th St

2827-2829 Indiana Ave

1910 Agnes St

2307 Hickory St

2206 Lucas 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.

1218 Granite 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 | $1,513 | $995 | $2,100 |
| Lovejoy 3 Bedroom Homes for Rent | $2,032 | $1,200 | $2,750 |
| Lovejoy 4 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
| Lovejoy 5 Bedroom Homes for Rent | $1,797 | $1,000 | $2,595 |
Browse Top Homes for Rent in Lovejoy
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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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Collins Terrace Apartments | 1 Bedroom Small | 1BR,1BA | $683 |
| Downtowner Apartments | Studio | Studio,1BA | $775 |
| Franklin School Apartments | 1 Bedroom | 1BR,1BA | $785 |
| The Gentrys Landing Apartments | Studio Unfurnished | Studio,1BA | $855 |
| Sullivan Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $895 |
Best Value Apartments for Rent in Lovejoy, IL and Nearby
As of May 25, 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 |
| Gallery Villas | 1BR | 1BR,1BA | $1.30 |
| Vangard Lofts | Bee Hat B5 | 2BR,2BA | $1.05 |
| Fashion Square I | B1 | 2BR,1BA | $1.15 |
| Syndicate Building | Stabdard 1BR | 1BR,1BA | $1.11 |
| The Lofts at OPOP | A7 | 1BR,2BA | $1.08 |
| 1527 E Grand Blvd | 2 bed | 2BR,1.5BA | $0.88 |
| Storyboard on Pine | Pine B2 | 2BR,2BA | $1.22 |
| Bee Hat Lofts | A3 - 1 Bed 1 Bath | 1BR,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.
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!
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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 $683 to $7,935. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lovejoy ranging from $850 to $2,750.
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 $850 to $2,750 with an average monthly rent of $1,591.
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

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.

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.

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.