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


1708 S Tucker Blvd

2717 Lincoln Ave

210 N 17th St

2108 Washington St

3127 Clay Ave

2000 Meridian 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.

1725 Marcus Ave

1523 Angelrodt St

2663 E 23rd St

1857 S 9th St

2262 Cleveland Blvd

4426 Holly Ave

2446 State St
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.

1910 Agnes St

7815 Cler Ave

1601 Washington Ave

2325 Hickory St

2206 Lucas Ave

1709 Washington Ave

1619 Washington Ave
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.

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 | $1,433 | $895 | $2,100 |
| Lovejoy 3 Bedroom Homes for Rent | $2,406 | $1,925 | $2,799 |
| Lovejoy 4 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
| 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 $641. 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 | $641 |
| Downtowner Apartments | Studio | Studio,1BA | $775 |
| Preservation Square | 1 Bdrm Garden, 669 SqFt, Tax Credit, 60% AMI | 1BR,1BA | $850 |
| 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 July 10, 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 |
| Storyboard on Pine | Pine B2 | 2BR,2BA | $1.22 |
| Grace Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.02 |
| 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!
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 45 Apartments for Rent in Lovejoy, IL with pricing that ranges from $641 to $7,935. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lovejoy ranging from $795 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 $795 to $3,100 with an average monthly rent of $1,426.
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.