
Cheap Homes for Rent near Mackinaw, IL from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Mackinaw.


505 E Virginia Ave

824 W Mac Queen Ave

412 E Arcadia Ave
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.

126-128 Fauber Ln

730 E McClure Ave

526 Fairholm Ave

602 W Loucks Ave
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.
Mackinaw, IL Local Guide

How much does it cost to rent a home in Mackinaw?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mackinaw 2 Bedroom Homes for Rent | $1,136 | $575 | $2,200 |
| Mackinaw 3 Bedroom Homes for Rent | $1,632 | $680 | $3,200 |
| Mackinaw 4 Bedroom Homes for Rent | $1,007 | $528 | $1,395 |
| Mackinaw 5 Bedroom Homes for Rent | $1,785 | $1,785 | $1,785 |
| Mackinaw 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
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Mackinaw, IL Local Guide
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Cheapest Available Mackinaw Apartments for Rent and Nearby
 The cheapest available apartment rental in Mackinaw, IL is a 1 Bed unit found at Colonial Village priced from $625. Cityscape in the Averyville neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $711. Here is today’s list of the most affordable Mackinaw apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Cityscape | 2 Bedroom | 2BR,2BA | $711 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $760 |
Best Value Apartments for Rent in Mackinaw, IL and Nearby
As of July 22, 2026 the best value apartment in the Mackinaw area is the $0.71 price per square foot Sunset Hills Model at Sunset Hills Apartments in the starting from $925. The second greatest value Mackinaw apartment is the 2x2 Model at Cedar Creek Apartments starting at $1,395 with a $1.16 price per square foot . Here is today’s list of the best values for Mackinaw apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Hills Apartments | Sunset Hills | 3BR,2BA | $0.71 |
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| Harvest View | 2 Bed / 2 Bath | Upper Level | 2BR,2BA | $1.19 |
| Traditions Bloomington | Two Bedroom - Market | 2BR,2BA | $1.18 |
| Cityscape | 2 Bedroom | 2BR,2BA | $0.70 |
| Woodfield Queenwood Apartments | Two Bedrooms- Woodfield | 2BR,1BA | $1.08 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR,1BA | $1.22 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $1.04 |
| Glen Oak Manor | 2BR/1.0BA | 2BR,1BA | $1.23 |
| Colonial Village | 1 Bedroom | 1BR,1BA | $1.14 |
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Mackinaw
What type of rentals are currently available in Mackinaw?
There are currently 50 Apartments for Rent in Mackinaw, IL with pricing that ranges from $740 to $2,499. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mackinaw ranging from $528 to $4,500.
What is the current price range for Rental Homes in Mackinaw?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mackinaw ranges from $528 to $4,500 with an average monthly rent of $2,012.
How much are larger Three and Four Bedroom Rentals in Mackinaw?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mackinaw range from $925 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $680 to $3,200. Four Bedroom Single-Family rentals are also available starting from $528 and Four Bedroom Apartments start at $1,000.
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.

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.