Cheap Homes for Rent in Marengo, IL from $1,400 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

property at 858 Clay St

$1,600

2 Bedroom Rentals

Available Now

858 Clay St

WoodstockIL60098

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.

Marengo, IL Local Guide

Cheapest Neighborhoods for Apartments in Marengo, IL

Pricing Updated: 05/26/2026

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 Pearl Place Apartments priced from $893. Northfield Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,134. Here is today’s list of the most affordable Marengo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pearl Place ApartmentsTwo Bedroom2BR,1BA$893
Northfield CourtValley View1BR,1BA$1,134
Marengo Woods1BR/1BA1BR,1BA$1,185

Best Value Apartments for Rent in Marengo, IL and Nearby

As of May 26, 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 3GO | 3 BR Grand Overlook Model at Springs at Three Oaks starting at $2,427 with a $1.67 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
Springs at Three Oaks3GO | 3 BR Grand Overlook3BR,2BA$1.67
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Pearl Place ApartmentsTwo Bedroom2BR,1BA$0.81
WoodcreekApt B2BR,2BA$1.60
Darlington Court ApartmentsTwo Bedroom/ One and 1/2 Bath2BR,1.5BA$1.80
Patriot Prairie of Woodstock2X12BR,1BA$1.79
Carriage Court Apartments1BR/1.0BA1BR,1BA$1.51
Northfield CourtSummit1BR,1BA$1.62
The Cornell Luxury ApartmentsStudio1BR,1BA$1.86

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Marengo, IL Rentals by Map

View Map
Marengo, IL Apartments Map
View Map
Marengo, IL Rental Homes Map

Frequently Asked Questions about Marengo

What type of rentals are currently available in Marengo?

There are currently 57 Apartments for Rent in Marengo, IL with pricing that ranges from $839 to $4,216. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Marengo ranging from $1,400 to $3,650.

What is the current price range for Rental Homes in Marengo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Marengo ranges from $1,400 to $3,650 with an average monthly rent of $2,285.

How much are larger Three and Four Bedroom Rentals in Marengo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Marengo range from $1,460 to $3,662, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,650. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,950.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.