Cheap Homes for Rent in Manhattan, IL from $500 (13 Rentals)

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property at 29837 IL-50

29837 IL-50

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 2 Beds apartment currently listed from $1,025. 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 Apartments2 bedroom2BR,1BA$1,025
The Woodlands of Crest HillCypress1BR,1BA$1,250
311 N Ottawa StStudio1BR,1BA$1,250
Edenbridge ApartmentsSenior Living 1x11BR,1BA$1,295

Best Value Apartments for Rent in Manhattan, IL and Nearby

As of June 23, 2025 the best value apartment in the Manhattan area is the $1.90 price per square foot C2C-2x2 with Den Model at Highland Ridge in the in the Maple Hill neighborhood starting from $2,502. The second greatest value Manhattan apartment is the 3BD\2BA Model at 6607 181st St starting at $2,200 with a $1.77 price per square foot in the Brookside Glen 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.
Highland RidgeC2C-2x2 with Den2BR,2BA$1.90
6607 181st St3BD\2BA3BR,2BA$1.77
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
The Bluffs1E1BR,1BA$2.32
Timber Pointe ApartmentsElm1BR,1BA$2.30
Willow Run of Crest Hill1 bedroom with Den1BR,1.5BA$1.85
The Residences at 159 Tinley Park Place1 Bedroom Small1BR,1BA$2.30
Edenbridge ApartmentsSenior Living 1x11BR,1BA$2.16
The Woodlands of Crest HillCypress1BR,1BA$2.09

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Frequently Asked Questions about Manhattan

What type of rentals are currently available in Manhattan?

There are currently 48 Apartments for Rent in Manhattan, IL with pricing that ranges from $850 to $5,795. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Manhattan ranging from $550 to $3,400.

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 $550 to $3,400 with an average monthly rent of $2,146.

How much are larger Three and Four Bedroom Rentals in Manhattan?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Manhattan range from $1,610 to $5,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,499.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.