Cheap Apartments for Rent in Manhattan, IL from $895 (49 Rentals)

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

property at 120 E North St
$1,395

Total Monthly Price

Base Rent$1,395
Total Monthly Price$1,395
2 Bedroom, 1 Bath Condo for Rent
Available Now

120 E North St, Unit B2

120 E North St
ManhattanIL60442
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115 South State Street
1 to 3 Bedroom Apartments

115 South State Street

115 S State StManhattan, IL 60442
  • Utilities Included
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120 Marion
2 Bedroom Apartments

120 Marion

120 Marion StManhattan, IL 60442
  • Utilities Included
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200 Morgan Court
1 to 2 Bedroom Apartments

200 Morgan Court

200 Morgan CtManhattan, IL 60442
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210 Morgan
2 Bedroom Apartments

210 Morgan

210 Morgan CtManhattan, IL 60442

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.

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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.

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Pine Ridge
1 to 2 Bedroom Apartments

Pine Ridge

1112 Parkwood DrJoliet, IL 60432
  • Utilities Included
property at 29837 IL-50
$1,000 - $1,400
1 To 2 Bedroom Rentals
Available Now

29837 IL-50

PeotoneIL60468

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.

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Richton Trail
1 to 2 Bedroom Apartments

Richton Trail

4522 Heartland DrRichton Park, IL 60471
  • Utilities Included
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Apartments of Orland
1 to 2 Bedroom Apartments

Apartments of Orland

16005 Applewood LnOrland Hills, IL 60487
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7081 Apartments
1 to 2 Bedroom Apartments

7081 Apartments

7081 170th StTinley Park, IL 60477

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.

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15122 Quail Hollow Dr
1 to 3 Bedroom Apartments

15122 Quail Hollow Dr

15122 Quail Hollow DrOrland Park, IL 60462
Senior Living
  • Utilities Included
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1014 Shagbark Rd
2 Bedroom Apartments

1014 Shagbark Rd

1014 Shagbark RdNew Lenox, IL 60451
  • Utilities Included

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.

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6607 181st St
2 Bedroom Apartments

6607 181st St

6607 181st StTinley Park, IL 60477
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Manhattan, IL Local Guide

Cheapest Available Manhattan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Manhattan, IL is a 1 Bed unit found at Stone Falls in the Sunset Point neighborhood priced from $949. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,205. Here is today’s list of the most affordable Manhattan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stone FallsOne Bedroom, Base Package1BR,1BA$949
Carriage Creek Apartments1 Bed 1 Bath Garden A1BR,1BA$1,205
Bays Tower ApartmentsStudio1BR,1BA$1,250
The Woodlands of Crest HillStudio RenovatedStudio,1BA$1,279
Maple Leaf ApartmentsMid-rise1BR,1BA$1,320
Willow Run of Crest Hill1 bedroom1BR,1BA$1,359
Park Towers Apartments1 Bed 1 Bath A1BR,1BA$1,395
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1,479
The Port1G1BR,1BA$1,500
7349 175th St1 bed /1 bath1BR,1BA$1,500

Best Value Apartments for Rent in Manhattan, IL and Nearby

As of September 10, 2026 the best value apartment in the Manhattan area is the $0.87 price per square foot 3BR/1.5BA Model at Bellarmine Estates in Joliet in the in the Sunset Point neighborhood starting from $2,095. The second greatest value Manhattan apartment is the Willow Model at Arbors at Hickory Creek starting at $2,149 with a $1.73 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Manhattan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bellarmine Estates in Joliet3BR/1.5BA3BR,1.5BA$0.87
Arbors at Hickory CreekWillow3BR,2BA$1.73
Parkview Estates2BR/1.5BA2BR,1.5BA$1.75
Highland RidgeD-2x22BR,2BA$2.01
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.66
The Residences at 159 Tinley Park Place2 Bedroom Large2BR,1BA$1.95
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Park Towers Apartments1 Bed 1 Bath A1BR,1BA$1.81
Carriage Creek Apartments1 Bed 1 Bath Garden A1BR,1BA$1.94

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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

Explore Manhattan, IL Rentals by Map

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Frequently Asked Questions about Cheap Manhattan Apartments

What is the Cheapest Studio apartment in Manhattan?

Currently the most affordable Cheap Studio Apartment in Manhattan is at The Woodlands of Crest Hill listed at $1,279.

How much is rent for a Cheap One Bedroom Manhattan Apartment?

The lowest price for a Cheap One Bedroom Manhattan Apartment is $949 at Stone Falls.

What is the lowest price for a Cheap Two Bedroom Manhattan Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Manhattan is starting from $1,219 at Stone Falls.

What is the most affordable Manhattan Three Bedroom Apartment?

The best deal on a cheap Manhattan Three Bedroom Apartment rental is at Bellarmine Estates in Joliet and starts from $2,095.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.