Cheap Apartments for Rent in Marengo, IL from $400 (12 Rentals)

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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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Marengo, IL Local Guide

Cheapest Neighborhoods for Apartments in Marengo, IL

Pricing Updated: 01/21/2026

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$1,519$1,1853

Cheapest Available Marengo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Marengo, IL is a 2 Beds unit found at Millbrook Townhomes in the Outer South Rockford neighborhood priced from $491. Pearl Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $845. Here is today’s list of the most affordable Marengo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Millbrook TownhomesD-602BR,1BA$491
Pearl Place ApartmentsTwo Bedroom2BR,1BA$845
Northfield CourtValley View1BR,1BA$1,101
Marengo Woods1BR/1BA1BR,1BA$1,185
The Paths of Walnut Ridge1 bedroom1BR,1BA$1,225

Best Value Apartments for Rent in Marengo, IL and Nearby

As of January 21, 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 Rome Model at Conservancy at Gilberts starting at $2,730 with a $1.86 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 GilbertsRome2BR,2.5BA$1.86
Millbrook TownhomesD-602BR,1.5BA$0.36
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
Northfield CourtSummit1BR,1BA$1.57
The Paths of Walnut Ridge1 bedroom1BR,1BA$1.79
Willow BrookeOne Bedroom1BR,1BA$1.84

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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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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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!

Explore Marengo, IL Rentals by Map

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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 $1,640.

What is the price of a cheap apartment in Marengo?

The cheapest apartment in Marengo is Northfield Court which is listed at $1,101, while the average apartment in Marengo costs $1,519.

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 3 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 $1,330 which is $189 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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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!