Cheap Apartments for Rent in Loves Park, IL from $400 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
Sun Valley Terrace
2 Bedroom Apartments

Sun Valley Terrace

3359 Sun Valley TerRockford, IL 61103
  • Utilities Included
close
View Me
Somerset Apartments
1 Bedroom Apartments

Somerset Apartments

1020 N Main StRockford, IL 61103
  • 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.

Loves Park, IL Local Guide

Cheapest Neighborhoods for Apartments in Loves Park, IL

Pricing Updated: 02/18/2026

Current apartment rentals in the Loves Park, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Loves Park Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Martin Shorewood$1,350$75015
Outer Loves Park Machesney Park$1,850$95012

Cheapest Available Loves Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Loves Park, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. The Arbors in the North Rock neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Loves Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
The Arbors1 Bedroom Alpine with Patio1BR,1BA$899
Immaculate 1 Bedroom Apartment1BR/1.0BA1BR,1BA$900

Best Value Apartments for Rent in Loves Park, IL and Nearby

As of February 18, 2026 the best value apartment in the Loves Park area is the $1.10 price per square foot Avalon Model at Harbour East in the in the East Rockford neighborhood starting from $2,150. The second greatest value Loves Park apartment is the 1030 N Church St Model at 1030 N Church St, Unit 1030 N Church st starting at $995 with a $0.80 price per square foot in the Central Terrace neighborhood. Here is today’s list of the best values for Loves Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harbour EastAvalon2BR,2.5BA$1.10
1030 N Church St, Unit 1030 N Church st1030 N Church St2BR,1BA$0.80
The Haven at Willow Creek3BR/2.0BA3BR,2BA$1.38
Riverside Glen Apartments3 Bedroom 2 Bath3BR,2BA$1.27
Immaculate Updated 3 Bedroom one 1 Bath with Garage3BR/1.0BA3BR,1BA$1.25
1416 Auburn St, Unit 1416 auburn st1416 Auburn St2BR,1BA$1.18
Immaculate 1 Bedroom Apartment1BR/1.0BA1BR,1BA$1.33
Riverside Terrace ApartmentsRiverside Terrace - 1 Bedroom1BR,1BA$1.42
1226 N Main St, Unit 1226 Apt41226 N Main St1BR,1BA$1.25
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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 Article
Decorative image

The 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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Loves Park, IL Rentals by Map

View Map
Loves Park, IL Apartments Map
View Map
Loves Park, IL Rental Homes Map

Frequently Asked Questions about Cheap Loves Park Apartments

What is the price of a cheap apartment in Loves Park?

The cheapest apartment in Loves Park is Rockford Housing Authority which is listed at $480, while the average apartment in Loves Park costs $1,600.

What types of apartments are the cheapest in Loves Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Loves Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Loves Park?

Cheap apartments in Loves Park have an average cost of $386 which is $1,214 cheaper than the average rent for all rentals in Loves Park.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.