1108 Paul St
OttawaIL61350
Cheap Homes for Rent in Magnolia, IL from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Magnolia.
130-132 Fauber Ln
East PeoriaIL61611
725 Joliet St
La SalleIL61301
1321 Maple Dr
PeruIL61354
809 Calhoun St
PeruIL61354
811 E Lake Ave
Peoria HeightsIL61616
1320 Maple Dr
PeruIL61354
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.
9 N Randolph St
PrincetonIL61356
537 1/2 Bucklin St
La SalleIL61301
526 Fairholm Ave
PeoriaIL61603
826 N Spalding St
Spring ValleyIL61362
310 N La Salle Ave
LaddIL61329
436 W Walnut St
LaddIL61329
802 E London Ave
Peoria HeightsIL61616
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.
Showing Results 1-14, Page 1 of 1
Magnolia, IL Local Guide
Illinois railroad tracks by H. Michael Miley is licensed under CC BY 2.0
How much does it cost to rent a home in Magnolia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia 2 Bedroom Homes for Rent | $1,477 | $875 | $2,400 |
| Magnolia 3 Bedroom Homes for Rent | $1,981 | $925 | $3,500 |
| Magnolia 4 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Top Homes for Rent in Magnolia
Explore Magnolia
Magnolia, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Magnolia Apartments for Rent and Nearby
The cheapest available apartment rental in Magnolia, IL is a 1 Bed unit found at Colonial Village priced from $625. Winkler Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Magnolia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $795 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $875 |
Best Value Apartments for Rent in Magnolia, IL and Nearby
As of June 07, 2026 the best value apartment in the Magnolia area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Magnolia 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 Magnolia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR,1BA | $1.22 |
| Nordic Villa Apartments | Townhouse | 2BR,1.5BA | $1.28 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| The Village on University | Tucker at Village North | 1BR,1BA | $1.35 |
| 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 Article
Real 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.
Let everyone know!
Do you know the Magnolia area?
If you’re an expert on all things Magnolia, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Magnolia, IL Rentals by Map
See the most popular apartments and homes in Magnolia, IL
Frequently Asked Questions about Magnolia
What type of rentals are currently available in Magnolia?
There are currently 43 Apartments for Rent in Magnolia, IL with pricing that ranges from $700 to $2,675. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $550 to $3,500.
What is the current price range for Rental Homes in Magnolia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia ranges from $550 to $3,500 with an average monthly rent of $1,404.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.