Cheap Apartments for Rent in the Timber Ridge Neighborhood of Matteson, IL from $700 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Timber Ridge area of Matteson.

Manors at Brookmere
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.

Park Towers Apartment Homes
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Arbors at Hickory Creek

Carriage Creek Apartments

Cedar Ridge Apartments

Richton Trail

Sunrise Villa Olympia Fields 62+
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Timber Ridge, Matteson, IL Local Guide

How much does it cost to rent an apartment in Timber Ridge?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Timber Ridge 1 Bedroom Apartments | $1,847 | $1,150 | $2,893 |
Timber Ridge 2 Bedroom Apartments | $2,063 | $1,025 | $3,276 |
Timber Ridge 3 Bedroom Apartments | $2,711 | $2,540 | $2,895 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 3 mile radius of the Timber Ridge Neighborhood of Matteson, IL.
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Timber Ridge, Matteson, IL Local Guide
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Cheapest Available Timber Ridge Apartments for Rent
 The cheapest available apartment rental in the Timber Ridge area of Chicago, IL is a 2 Beds unit found at Carriage Creek Apartments priced from $1,025. Park Towers Apartment Homes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,570. Here are the most affordable Timber Ridge apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1,025 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1,570 |
Matteson Blu | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Timber Ridge, IL
As of June 21, 2025 the best value apartment in the Timber Ridge area is the $1.26 price per square foot 1 bedroom Model at Carriage Creek Apartments in the in the Lincoln Station neighborhood starting from $1,250. The second greatest value Timber Ridge apartment is the Two Bedroom 2 Bath-910 sqft Model at Park Towers Apartment Homes starting at $1,570 with a $1.73 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Timber Ridge apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.73 |
Matteson Blu | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.92 |
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.
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Illinois, including Matteson. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, multifamily communities for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Timber Ridge Apartments
What types of apartments are the cheapest in Timber Ridge?
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 7 regular apartments in Timber Ridge 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 Timber Ridge?
Cheap apartments in Timber Ridge have an average cost of $466 which is $2,233 cheaper than the average rent for all rentals in Timber Ridge.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.