Cheap Homes for Rent in Michael, IL from $300 (11 Rentals)

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

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

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.

Read Article

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.

Read Article
Showing Results 1-11, Page 1 of 1

Michael, IL Local Guide

Cheapest Available Michael Apartments for Rent and Nearby

 

The cheapest available apartment rental in Michael, IL is a 1 Bed unit found at McNair Place Apartments in the Brighton Park neighborhood priced from $855. Reserve at Spencer in the Brighton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $864. Here is today’s list of the most affordable Michael apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McNair Place Apartments1 Bed, 1 Bath B1BR,1BA$855
Reserve at SpencerWillott1BR,1BA$864
1500 N Carolina St3x23BR,2BA$900
Sunbrook ApartmentsMagnolia PremiumStudio,1BA$948
Elm Tree Commons1 Bed, 1 bath1BR,1BA$950

Best Value Apartments for Rent in Michael, IL and Nearby

As of October 28, 2025 the best value apartment in the Michael area is the $1.51 price per square foot Aspen detached Model at Springwell Village in the in the Brighton Park neighborhood starting from $2,525. The second greatest value Michael apartment is the 2BR/ 2BA Model at Turnberry Place Apartments starting at $1,437 with a $1.35 price per square foot in the Brighton Park neighborhood. Here is today’s list of the best values for Michael apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Springwell VillageAspen detached3BR,3BA$1.51
Turnberry Place Apartments2BR/ 2BA2BR,2BA$1.35
Peine LakesThe Bryant2BR,2BA$1.43
Boone Street CommonsBoone Street2BR,2BA$1.13
Quail RunThe Reserves 2212BR,2BA$1.22
Elm Tree Commons2 Beds, 2 baths2BR,2BA$1.36
Westchester VillageCourtland Townhome2BR,1.5BA$1.39
1500 N Carolina St2X22BR,2BA$1.08
Brookmount Apartments1 Bedroom1BR,1BA$1.47
Casalon Parkway Apartments1 Bedroom / Phase 1 & 21BR,1BA$1.41

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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 Michael, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Michael, IL

View Map
Michael, IL Apartments Map
View Map
Michael, IL Rental Homes Map

Frequently Asked Questions about Michael

What type of rentals are currently available in Michael?

There are currently 40 Apartments for Rent in Michael, IL with pricing that ranges from $800 to $3,200. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Michael ranging from $399 to $3,200.

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 $399 to $3,200 with an average monthly rent of $1,658.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.