Cheap Homes for Rent in Michael, IL from $800 (11 Rentals)

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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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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.

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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 Quail Run priced from $675. McNair Place Apartments in the Brighton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable Michael apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Quail RunThe Estates 1811BR,1BA$675
McNair Place Apartments1 Bed, 1 Bath B1BR,1BA$855
Reserve at SpencerWillott1BR,1BA$864
1500 N Carolina St3x23BR,2BA$900
St. Andrews Apartments1 Bedroom Garden1BR,1BA$942

Best Value Apartments for Rent in Michael, IL and Nearby

As of December 14, 2025 the best value apartment in the Michael area is the $1.53 price per square foot Townhouses Model at Villages at Lake Silvercote in the in the Carlton Glen Estates neighborhood starting from $1,995. 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.
Villages at Lake SilvercoteTownhouses3BR,2.5BA$1.53
Turnberry Place Apartments2BR/ 2BA2BR,2BA$1.35
Peine LakesThe Bryant2BR,2BA$1.43
Boone Street CommonsBoone Street2BR,2BA$1.13
Elm Tree Commons2 Beds, 2 baths2BR,2BA$1.36
1500 N Carolina St2X22BR,2BA$1.08
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
Brookmount Apartments2 Bedroom2BR,1BA$1.52
Casalon Parkway Apartments1 Bedroom / Phase 1 & 21BR,1BA$1.38
St. Andrews Apartments1 Bedroom Garden1BR,1BA$1.51

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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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.

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

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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 $675 to $4,195. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Michael ranging from $299 to $3,100.

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 $299 to $3,100 with an average monthly rent of $1,643.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.