
Cheap Homes for Rent in Marengo, IL from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Marengo.


185 S State St

216 E South St

531 Leah Ln
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.

301 N Madison St

216 S State St

100 1/2 S State St

502 E Washington St
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.

11212 S Myrtle St
Marengo, IL Local Guide

How much does it cost to rent a home in Marengo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Marengo 2 Bedroom Homes for Rent | $2,050 | $1,550 | $2,600 |
| Marengo 3 Bedroom Homes for Rent | $2,677 | $1,900 | $3,650 |
| Marengo 4 Bedroom Homes for Rent | $3,600 | $2,800 | $4,600 |
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Marengo, IL Local Guide
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Cheapest Neighborhoods for Apartments in Marengo, IL
Pricing Updated: 09/10/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Deerpass | $1,417 | $1,195 | 2 |
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 in the Boone County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $693. Here is today’s list of the most affordable Marengo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millbrook Townhomes | C | 2BR,1BA | $491 |
| Pearl Place Apartments | One Bedroom | 1BR,1BA | $693 |
| Northfield Court | Valley View | 1BR,1BA | $1,151 |
Best Value Apartments for Rent in Marengo, IL and Nearby
As of September 10, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrabrook at Prairie Ridge | Gregory End | 4BR,2.5BA | $1.37 |
| The Villas At Patriot Estates | Large One Bedroom/Den | 1BR,2.5BA | $1.17 |
| Redwood Crystal Lake | Willowood | 2BR,2BA | $1.81 |
| Millbrook Townhomes | C | 2BR,1.5BA | $0.36 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| Pearl Place Apartments | Two Bedroom | 2BR,1BA | $0.81 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.43 |
| The Residences of Fox Meadows | The Bluebell | 1BR,1BA | $1.89 |
| Carriage Court Apartments | 1BR/1.0BA | 1BR,1BA | $1.51 |
| Northfield Court | Summit | 1BR,1BA | $1.64 |
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 ArticleNavigating 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.
Read ArticleReal 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 ArticleQuick 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.
Best Local Schools in Marengo, IL
Locust Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Marengo, IL Rentals by Map
See the most popular apartments and homes in Marengo, IL
Frequently Asked Questions about Marengo
What type of rentals are currently available in Marengo?
There are currently 61 Apartments for Rent in Marengo, IL with pricing that ranges from $839 to $4,600. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Marengo ranging from $1,200 to $4,600.
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 $1,200 to $4,600 with an average monthly rent of $2,561.
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 $4,531, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,650. Four Bedroom Single-Family rentals are also available starting from $2,800 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

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.

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.

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.

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.