Cheap Apartments for Rent near Merna, IL from $500 (54 Rentals)

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

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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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314 Mecherle
1 to 2 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
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Fairmont Apartments
1 to 2 Bedroom Apartments

Fairmont Apartments

717 Fairmont DrBloomington, IL 61704
  • Utilities Included
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2 Curtis Ct
2 Bedroom Apartments

2 Curtis Ct

2 Curtis CtNormal, IL 61761
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Parkview Apartments
1 to 3 Bedroom Apartments

Parkview Apartments

101 Northfield DrNormal, IL 61761
  • Utilities Included
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1 White Place
Studio to 2 Bedroom Apartments

1 White Place

1 White PlBloomington, IL 61701

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.

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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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Merna, IL Local Guide

Cheapest Available Merna Apartments for Rent and Nearby

 

The cheapest available apartment rental in Merna, IL is a 3 Beds unit found at 701 Franklin in the Downtown Normal neighborhood priced from $530. Washington Senior Apartments in the Downtown Bloomington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $546. Here is today’s list of the most affordable Merna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
701 FranklinApt 13BR,1BA$530
Washington Senior ApartmentsStudioStudio,1BA$546
Cortez ApartmentsUnfurnished1BR,1BA$825
Class Act Realty1 Bedroom1BR,1BA$825
Currency Commons Apartments1B1B1BR,1BA$840
Broadmoor ParkCortez 1 Bedroom 1 Bath1BR,1BA$895
East Douglas Apartments2BR/ 1BA2BR,1BA$900
Arbors at EastlandThe Maple2BR,1BA$910
Ironwood Gardens ApartmentsStudioStudio,1BA$982
Lancaster HeightsOne Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Merna, IL and Nearby

As of August 07, 2026 the best value apartment in the Merna area is the $1.23 price per square foot Three Bedroom/Two Bath Model at Wingover Luxury Apartments and Townhomes in the starting from $1,600. The second greatest value Merna apartment is the 2BR/ 1BA Model at East Douglas Apartments starting at $900 with a $0.75 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Merna apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wingover Luxury Apartments and TownhomesThree Bedroom/Two Bath3BR,2BA$1.23
East Douglas Apartments2BR/ 1BA2BR,1BA$0.75
3 Stortz DriveAll units2BR,2BA$1.08
701 FranklinApt 13BR,1BA$0.48
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
The Apartments on Christopher Way2 Bed / 2 Bath (1st and 2nd Floor)2BR,2BA$1.27
Rainbow Circle Apartments2 Bed / 2 Bath2BR,2BA$1.24
BayOakBay2BR,2BA$1.23
700 N Adelaide StRent Per Student for 22BR,1.5BA$0.78
Arbors at EastlandThe Cypress2BR,1BA$1.11

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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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.

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

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Frequently Asked Questions about Cheap Merna Apartments

How much is rent for a Cheap One Bedroom Merna Apartment?

The lowest price for a Cheap One Bedroom Merna Apartment is $825 at Cortez Apartments.

What is the lowest price for a Cheap Two Bedroom Merna Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Merna is starting from $855 at Class Act Realty.

What is the most affordable Merna Three Bedroom Apartment?

The best deal on a cheap Merna Three Bedroom Apartment rental is at 701 Franklin and starts from $530.

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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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.

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.