
Cheap Homes for Rent in Michael, IL from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Michael.


119 N St Charles St

3108 Alby St

500 Frank Ford Rd

1456 Hawks Nest Ct

1456 Hawks Nest Dr
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.

3313 Green Pasture Dr, Unit U2

2415 Chesstal St

1465 Central Pkwy

555 Whitegate Dr

100 Walnut St

197 Equestrian Dr
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.
Michael, IL Local Guide

How much does it cost to rent a home in Michael?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Michael 2 Bedroom Homes for Rent | $1,320 | $1,000 | $1,650 |
| Michael 3 Bedroom Homes for Rent | $1,832 | $1,000 | $2,395 |
| Michael 4 Bedroom Homes for Rent | $2,361 | $1,800 | $2,745 |
| Michael 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Michael
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Michael, IL Local Guide
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Cheapest Available Michael Apartments for Rent and Nearby
 The cheapest available apartment rental in Michael, IL is a Studio unit found at Sunbrook Apartments in the Brighton Park neighborhood priced from $942. Surrey Court Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $970. Here is today’s list of the most affordable Michael apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sunbrook Apartments | Magnolia Premium | Studio,1BA | $942 |
| Surrey Court Apartments | 2 Beds, 1 bath | 2BR,1BA | $970 |
| Casalon Parkway Apartments | 2 Bedroom / Phase 4 | 2BR,1BA | $975 |
| St. Andrews Apartments | 2 Bedroom Garden | 2BR,1BA | $1,078 |
| Pure St Peters | The Topaz | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Michael, IL and Nearby
As of April 29, 2026 the best value apartment in the Michael area is the $1.42 price per square foot 3B/2.5B Walkout Basement M Model at Springwell Apartments in the in the Brighton Park neighborhood starting from $2,500. The second greatest value Michael apartment is the 2 bedrooms Model at Villages at Lake Silvercote starting at $1,400 with a $1.12 price per square foot in the Carlton Glen Estates neighborhood. Here is today’s list of the best values for Michael apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Springwell Apartments | 3B/2.5B Walkout Basement M | 3BR,2BA | $1.42 |
| Villages at Lake Silvercote | 2 bedrooms | 2BR,2BA | $1.12 |
| Capital at St. Charles | The Byland | 2BR,1.5BA | $1.45 |
| Vinings of O'Fallon | The Meritage II | 2BR,2BA | $1.31 |
| Peine Lakes | The Bryant | 2BR,2BA | $1.25 |
| Quail Run Apartments and Townhomes | 2nd Floor 2x2 Reserves | 2BR,2BA | $1.33 |
| Westchester Village | Courtland Townhome | 2BR,1.5BA | $1.47 |
| Surrey Court Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.12 |
| Casalon Parkway Apartments | 2 Bedroom / Phase 1 & 2 | 2BR,1BA | $1.25 |
| St. Andrews Apartments | 2 Bedroom Garden | 2BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Michael, IL Rentals by Map
See the most popular apartments and homes in Michael, IL
Frequently Asked Questions about Michael
What type of rentals are currently available in Michael?
There are currently 42 Apartments for Rent in Michael, IL with pricing that ranges from $864 to $3,271. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Michael ranging from $900 to $3,000.
What is the current price range for Rental Homes in Michael?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Michael ranges from $900 to $3,000 with an average monthly rent of $1,882.
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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.