Cheap Apartments for Rent in Mitchell, IL from $500 (35 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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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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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Heatherton Estates
1 to 3 Bedroom Apartments

Heatherton Estates

6203 Kingsfont PlFlorissant, MO 63033
Corporate Housing
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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. Rivers Edge Apartments in the Metro East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. 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
Rivers Edge ApartmentsEfficiencyStudio,1BA$625
Bilava Village1BD/1BA1BR,1BA$650
River Pointe Apartments1 Bed / 1 Bath1BR,1BA$650
Edison Ave. Lofts2 Bdrm Garden, 748 SqFt, Tax Credit, Low Home, ...2BR,1BA$700
Rocwood Apartments1BR Units1BR,1BA$700
The Georgetown Apartments1 Bed, 1 bath1BR,1BA$775
Cedar Point ApartmentsEfficiencyStudio,1BA$775
The Residences at Bella VistaClassic1BR,1BA$775
Jenn Station ApartmentsOne bedroom1BR,1BA$780

Best Value Apartments for Rent in Mitchell, IL and Nearby

As of May 03, 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 720B12BR,2BA$0.75
Parkview2x1.52BR,1.5BA$1.05
College Hill Apartments2 Bedroom2BR,1.5BA$0.95
Paddock Village Apartments2 Bedroom 1.5 Bath2BR,1.5BA$1.05
Victorian Village2 Bed 1.5 Bath2BR,1.5BA$1.08
River Pointe Apartments2 Bed / 1 Bath2BR,1BA$0.87
The Residences at Bella VistaClassic1BR,1BA$1.09
Trinity Park1 bedroom, 1 bathroom1BR,1BA$1.09

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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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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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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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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See the most popular apartments and homes in Mitchell, IL

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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 Rivers Edge Apartments listed at $625.

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 Bilava Village and starts from $950.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.