Cheap Apartments for Rent in Marengo, IL from $400 (31 Rentals)

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

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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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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Millbrook Townhomes
2 to 3 Bedroom Apartments

Millbrook Townhomes

1754 Millbrook LaneCherry Valley, IL 61016

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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Marengo, IL Local Guide

Cheapest Neighborhoods for Apartments in Marengo, IL

Pricing Updated: 07/22/2026

Current apartment rentals in the Marengo, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Marengo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Deerpass$1,535$1,1951

Cheapest Available Marengo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Marengo, IL is a 1 Bed unit found at Pearl Place Apartments in the Boone County neighborhood priced from $693. Northfield Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,151. Here is today’s list of the most affordable Marengo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pearl Place ApartmentsOne Bedroom1BR,1BA$693
Northfield CourtValley View1BR,1BA$1,151
Carriage Court Apartments1BR/1.0BA1BR,1BA$1,195
Patriot Prairie of Woodstock1X11BR,1BA$1,225
Willow BrookeOne Bedroom1BR,1BA$1,280
The Church Street Apartments1 Bedroom1BR,1BA$1,400
Darlington Court ApartmentsOne bed One bath1BR,1BA$1,477
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1,500
The Cornell Luxury Apartments1 bedroom1BR,1BA$1,600

Best Value Apartments for Rent in Marengo, IL and Nearby

As of July 22, 2026 the best value apartment in the Marengo area is the $1.37 price per square foot Gregory End Model at Terrabrook at Prairie Ridge in the starting from $2,500. The second greatest value Marengo apartment is the Meadowood Model at Redwood Crystal Lake starting at $2,674 with a $2.02 price per square foot in the Arrowhead neighborhood. Here is today’s list of the best values for Marengo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terrabrook at Prairie RidgeGregory End4BR,2.5BA$1.37
Redwood Crystal LakeMeadowood2BR,2BA$2.02
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.25
Pearl Place ApartmentsTwo Bedroom2BR,1BA$0.81
WoodcreekApt B2BR,2BA$1.60
The Church Street Apartments1 Bedroom1BR,1BA$1.40
Carriage Court Apartments1BR/1.0BA1BR,1BA$1.51
230 S Prospect St, Unit 230 C230 S Prospect St2BR,1BA$1.73
Northfield CourtSummit1BR,1BA$1.64
Willow BrookeOne Bedroom1BR,1BA$1.90

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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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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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.

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Best Local Schools in
Marengo, IL

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

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Frequently Asked Questions about Cheap Marengo Apartments

What is the Cheapest Studio apartment in Marengo?

Currently the most affordable Cheap Studio Apartment in Marengo is at Patriot Prairie of Woodstock listed at $1,350.

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

The lowest price for a Cheap One Bedroom Marengo Apartment is $693 at Pearl Place Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Marengo is starting from $893 at Pearl Place Apartments.

What is the most affordable Marengo Three Bedroom Apartment?

The best deal on a cheap Marengo Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,500.

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.

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.

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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.