
Cheap Homes for Rent in Manhattan, IL from $1,395 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Manhattan.


120 E North St, Unit B2

509 Kungs Way

132 S 1st St

204 E Washington St

138 S 1st St

121 Davis 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.

814 N Raynor Ave

2301 Bicentennial Ave

1023 Shagbark Ct

1314 Argo Ln

11621 Roberts St

2390 Bicentennial Ave

319 N Center St
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

How much does it cost to rent a home in Manhattan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Manhattan 2 Bedroom Homes for Rent | $2,060 | $1,395 | $3,000 |
| Manhattan 3 Bedroom Homes for Rent | $2,669 | $1,575 | $3,500 |
| Manhattan 4 Bedroom Homes for Rent | $2,750 | $2,000 | $3,750 |
| Manhattan 5 Bedroom Homes for Rent | $2,950 | $2,950 | $2,950 |
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Manhattan, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| Carriage Creek Apartments | 1 Bed 1 Bath Garden A | 1BR,1BA | $1,205 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
| The Woodlands of Crest Hill | Studio Renovated | Studio,1BA | $1,279 |
| Maple Leaf Apartments | Mid-rise | 1BR,1BA | $1,320 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bellarmine Estates in Joliet | 3BR/1.5BA | 3BR,1.5BA | $0.87 |
| Arbors at Hickory Creek | Willow | 3BR,2BA | $1.73 |
| Parkview Estates | 2BR/1.5BA | 2BR,1.5BA | $1.75 |
| Highland Ridge | D-2x2 | 2BR,2BA | $2.01 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.66 |
| The Residences at 159 Tinley Park Place | 2 Bedroom Large | 2BR,1BA | $1.95 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Park Towers Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1.81 |
| Carriage Creek Apartments | 1 Bed 1 Bath Garden A | 1BR,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.
Read ArticleNavigating 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.
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Manhattan, IL Rentals by Map
See the most popular apartments and homes in Manhattan, IL
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 $3,984. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Manhattan ranging from $1,100 to $3,750.
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 $1,100 to $3,750 with an average monthly rent of $2,217.
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.

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.

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.

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.