Cheap Apartments for Rent in Marengo, IL from $693 (33 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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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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Millbrook Townhomes
2 to 3 Bedroom Apartments

Millbrook Townhomes

1754 Millbrook LaneCherry Valley, IL 61016

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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property at 301 N Madison St
$1,625 - $1,825
1 To 2 Bedroom Rentals
Available Now

301 N Madison St

WoodstockIL60098
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Woodcreek
2 Bedroom Apartments

Woodcreek

11700 Woodcreek EHuntley, IL 60142
  • Utilities Included
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Brandy Drive Apartments
Studio to 3 Bedroom Apartments

Brandy Drive Apartments

431-455 Brandy DrCrystal Lake, IL 60014
  • Utilities Included

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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Showing Results 1-33, Page 1 of 1

Marengo, IL Local Guide

Cheapest Neighborhoods for Apartments in Marengo, IL

Pricing Updated: 09/06/2026

Current apartment rentals in the Marengo, IL area range in price from $1,195 to $1,900 with an overall median price of $1,417. Here is today’s list neighborhoods with the lowest median pricing for Marengo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Deerpass$1,417$1,1952

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
Marengo Woods1BR/1BA1BR,1BA$1,195
Patriot Prairie of Woodstock1X11BR,1BA$1,225
Willow BrookeOne Bedroom1BR,1BA$1,280
The Church Street Apartments1 Bedroom1BR,1BA$1,300
Darlington Court ApartmentsOne bed One bath1BR,1BA$1,477
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1,500
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,509

Best Value Apartments for Rent in Marengo, IL and Nearby

As of September 06, 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 Large One Bedroom/Den Model at The Villas At Patriot Estates starting at $1,972 with a $1.17 price per square foot in the Lincoln Hills 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
The Villas At Patriot EstatesLarge One Bedroom/Den1BR,2.5BA$1.17
Redwood Crystal LakeWillowood2BR,2BA$1.81
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.25
Pearl Place ApartmentsTwo Bedroom2BR,1BA$0.81
The Church Street Apartments1 Bedroom1BR,1BA$1.43
The Residences of Fox MeadowsThe Bluebell1BR,1BA$1.89
Carriage Court Apartments1BR/1.0BA1BR,1BA$1.51
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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Navigating 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.

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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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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.

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Best Local Schools in
Marengo, IL

School data provided by Great Schools

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 Springs at Three Oaks listed at $1,509.

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.

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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.