Cheap Apartments for Rent in Marengo, IL from $400 (15 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-15, Page 1 of 1

Marengo, IL Local Guide

Cheapest Neighborhoods for Apartments in Marengo, IL

Pricing Updated: 12/11/2025

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$1,475$1,1502

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 priced from $702. Northfield Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,101. Here is today’s list of the most affordable Marengo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pearl Place ApartmentsOne Bedroom1BR,1BA$702
Northfield CourtValley View1BR,1BA$1,101
Marengo Woods1BR/1BA1BR,1BA$1,150
Millbrook TownhomesA 3x2.53BR,2BA$1,263
Patriot Prairie of Woodstock (FKA Prairie View)STUDIOStudio,1BA$1,350

Best Value Apartments for Rent in Marengo, IL and Nearby

As of December 12, 2025 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 Florence Model at Conservancy at Gilberts starting at $3,100 with a $1.80 price per square foot in the Square Barn Road School Campus 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
Conservancy at GilbertsFlorence3BR,2BA$1.80
Millbrook TownhomesA 3x2.53BR,2.5BA$0.87
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.42
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Pearl Place ApartmentsTwo Bedroom2BR,1BA$0.76
WoodcreekApt B2BR,2BA$1.55
Residence of Fairway GreensCB121.5 Two Bed One and One half bath2BR,1.5BA$1.81
Darlington Court Apartments2 Bedroom/1.5 Bath2BR,1.5BA$1.75
Northfield CourtSummit1BR,1BA$1.57

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick 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.

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Pet Friendly Lifestyle

Ranked #

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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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!

Explore Marengo, IL Rentals by Map

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See the most popular apartments and homes in Marengo, IL

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Getting Around Marengo, IL

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Marengo Apartments

What is a cheap apartment in Marengo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Marengo is under $1,681.

What is the price of a cheap apartment in Marengo?

The cheapest apartment in Marengo is Pearl Place Apartments which is listed at $702, while the average apartment in Marengo costs $1,475.

What types of apartments are the cheapest in Marengo?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Marengo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Marengo?

Cheap apartments in Marengo have an average cost of $1,291 which is $184 cheaper than the average rent for all rentals in Marengo.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.