Cheap Homes for Rent in Manhattan, IL from $1,395 (14 Rentals)

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

property at 29837 IL-50
$1,000 - $1,400
1 To 2 Bedroom Rentals
Available Now

29837 IL-50

PeotoneIL60468
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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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

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

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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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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

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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.