Cheap Apartments for Rent in Mitchell, IL from $500 (39 Rentals)

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

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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Cash 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.

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Shannon Fox Apartments
1 to 2 Bedroom Apartments

Shannon Fox Apartments

8850 Shannon Fox CirSt. Louis, MO 63136
  • Utilities Included
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Chalet Apartments
2 Bedroom Apartments

Chalet Apartments

2152-2176 Nemnich RdSt. Louis, MO 63136
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Heatherton Estates
1 to 3 Bedroom Apartments

Heatherton Estates

6203 Kingsfont PlFlorissant, MO 63033
Corporate Housing

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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Showing Results 1-39, Page 1 of 1

Mitchell, IL Local Guide

Cheapest Available Mitchell Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mitchell, IL is a 1 Bed unit found at Trinity Park in the North Riverfront neighborhood priced from $525. Bilava Village in the Paddock Forest neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Mitchell apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Trinity Park1 bedroom, 1 bathroom1BR,1BA$525
Bilava Village1BD/1BA1BR,1BA$675
Rocwood Apartments1BR Units1BR,1BA$700
Broadway PlaceTwo Bedroom Apartment2BR,1BA$752
Cedar Point ApartmentsEfficiencyStudio,1BA$775
The Georgetown Apartments1 Bed, 1 bath1BR,1BA$775
Jenn Station ApartmentsOne bedroom1BR,1BA$780
River Pointe Apartments1 Bed / 1 Bath1BR,1BA$800
Rivertrail Apartments1bd1BR,1BA$825
Nico Terrace1 Bedroom Loft Non Updated1BR,1BA$844

Best Value Apartments for Rent in Mitchell, IL and Nearby

As of June 18, 2026 the best value apartment in the Mitchell area is the $0.66 price per square foot 2BR/1.5BA Model at Woodknoll Townhomes in the in the North Point neighborhood starting from $1,050. The second greatest value Mitchell apartment is the 3 Bedroom 1.5 Bath Townhome with Garage Model at River Trace Townhomes starting at $1,255 with a $0.88 price per square foot in the North Riverfront neighborhood. Here is today’s list of the best values for Mitchell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Woodknoll Townhomes2BR/1.5BA2BR,1.5BA$0.66
River Trace Townhomes3 Bedroom 1.5 Bath Townhome with Garage3BR,1.5BA$0.88
Parc at 720D14BR,4BA$0.54
Parkview2x1.52BR,1.5BA$1.05
College Hill Apartments2 Bedroom2BR,1.5BA$0.95
Paddock Village ApartmentsTHUNDER2BR,1.5BA$1.06
Victorian Village2 Bed 1.5 Bath2BR,1.5BA$1.09
Broadway PlaceTwo Bedroom Apartment2BR,1BA$1.03
Trinity Park1 bedroom, 1 bathroom1BR,1BA$1.09
Rocwood Apartments1BR Units1BR,1BA$1.13

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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Quick Rent Budget Calculator

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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!

Explore Mitchell, IL Rentals by Map

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Frequently Asked Questions about Cheap Mitchell Apartments

What is the Cheapest Studio apartment in Mitchell?

Currently the most affordable Cheap Studio Apartment in Mitchell is at Cedar Point Apartments listed at $775.

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

The lowest price for a Cheap One Bedroom Mitchell Apartment is $525 at Trinity Park.

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

Today's best deal for a Cheap Two Bedroom Apartment in Mitchell is starting from $625 at Trinity Park.

What is the most affordable Mitchell Three Bedroom Apartment?

The best deal on a cheap Mitchell Three Bedroom Apartment rental is at Broadway Place and starts from $859.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.