
Cheap Homes for Rent near Lovejoy, IL from $625 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Lovejoy.


1541 5th St

1532 5th St

5050 Hallows Ave

809 Greenwood St

507 N 13th St
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.

210 N 17th St

2108 Washington St

4523 Adelaide Ave

2446 State St

314 N Broadway

2650 E 24th St
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.

1709 Washington Ave

1725 Marcus Ave

4426 Holly Ave

1857 S 9th St

2620 Park Ave

1704 S Tucker Blvd
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.

2206 Lucas Ave

915 Olive St

10220 Doane Dr

1015 Washington Ave

2304 Russell Blvd

2613 Belle Glade 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.

1050 Carroll St
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 | $1,278 | $625 | $2,395 |
| Lovejoy 3 Bedroom Homes for Rent | $1,842 | $1,300 | $2,350 |
| Lovejoy 4 Bedroom Homes for Rent | $2,148 | $1,900 | $2,295 |
| Lovejoy 5 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
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 1 Bed unit found at Collins Terrace Apartments in the Lafayette Square neighborhood priced from $722. 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 Large | 1BR,1BA | $722 |
| 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 |
| The Ely Walker Lofts | 1 Bedroom | 1 Bathroom | 2BR,1BA | $950 |
Best Value Apartments for Rent in Lovejoy, IL and Nearby
As of August 24, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roberts Galerie Lofts | 2 Bedroom 2 Bath | 2BR,2BA | $0.80 |
| Bogen | Urban Chic Lofts | B2 | 2BR,2BA | $1.17 |
| Denim Lofts | B | 2BR,2BA | $1.20 |
| Vista | On Wash Ave | A1 | 1BR,1BA | $1.10 |
| Fashion Square I | B2 | 2BR,1BA | $1.13 |
| Syndicate Building | Stabdard 1BR | 1BR,1BA | $1.11 |
| Lofts at the MAC | 1BR/1.0BA | 1BR,1BA | $1.27 |
| Grace Lofts | CITY LOFT | 1BR,1BA | $1.23 |
| Bee Hat Lofts | A3 - 1 Bed 1 Bath | 1BR,1BA | $1.20 |
| Vangard Lofts | 1G | 1BR,1BA | $1.28 |
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 Lovejoy
What type of rentals are currently available in Lovejoy?
There are currently 46 Apartments for Rent in Lovejoy, IL with pricing that ranges from $679 to $7,935. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lovejoy ranging from $250 to $3,100.
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 $250 to $3,100 with an average monthly rent of $1,425.
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

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.

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.

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.

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.