Cheap Homes for Rent near Manhattan, IL from $1,200 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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 Studio apartment currently listed from $1,135. 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 ApartmentsStudio Mid-RiseStudio,1BA$1,135
Bays Tower ApartmentsStudio1BR,1BA$1,250

Best Value Apartments for Rent in Manhattan, IL and Nearby

As of July 27, 2026 the best value apartment in the Manhattan area is the $0.91 price per square foot 3BR/1.5BA Model at Bellarmine Estates in the in the Sunset Point neighborhood starting from $2,195. The second greatest value Manhattan apartment is the 3BR/3.5BA Model at Alice Mae Townhomes starting at $3,399 with a $1.55 price per square foot in the Orland Crossing 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 Estates3BR/1.5BA3BR,1.5BA$0.91
Alice Mae Townhomes3BR/3.5BA3BR,3.5BA$1.55
15122 Quail Hollow Dr3 Bedroom3BR,2BA$1.52
Reserve at RomeovilleHighlands-G2BR,2BA$2.09
Pheasant Run Apartmentssc3s1.53BR,1.5BA$1.82
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Park Towers Apartments2 Bed 2 Bath A Remodel2BR,2BA$1.78
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
The Residences at 159 Tinley Park Place2 Bedroom Large2BR,1BA$1.95
Maple Leaf ApartmentsGarden1BR,1BA$1.66

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

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 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 Manhattan, IL Rentals by Map

View Map
Manhattan, IL Apartments Map
View Map
Manhattan, IL Rental Homes Map

Frequently Asked Questions about Manhattan

What type of rentals are currently available in Manhattan?

There are currently 56 Apartments for Rent in Manhattan, IL with pricing that ranges from $895 to $3,697. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Manhattan ranging from $1,225 to $4,500.

What is the current price range for Rental Homes in Manhattan?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Manhattan ranges from $1,225 to $4,500 with an average monthly rent of $2,599.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.