Cheap Apartments for Rent in Monee, IL from $500 (48 Rentals)

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

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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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
property at 29837 IL-50

$1,000 - $1,400

1 To 2 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468
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Lansing Crossing, LLC
1 to 2 Bedroom Apartments

Lansing Crossing, LLC

18745 W Salem CtLansing, IL 60438
  • Utilities Included
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7449 Sycamore Ct
2 Bedroom Apartments

7449 Sycamore Ct

7449 Sycamore CtOrland Park, IL 60462
  • Utilities Included
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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466
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7448 Sycamore Ct
1 to 2 Bedroom Apartments

7448 Sycamore Ct

7448 Sycamore CtOrland Park, IL 60462
  • Utilities Included

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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Apartments of Orland
1 to 2 Bedroom Apartments

Apartments of Orland

16005 Applewood LnOrland Hills, IL 60487
  • Utilities Included
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7081 Apartments
1 to 2 Bedroom Apartments

7081 Apartments

7081 170th StTinley Park, IL 60477
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1014 Shagbark Rd
2 Bedroom Apartments

1014 Shagbark Rd

1014 Shagbark RdNew Lenox, IL 60451
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-48, Page 1 of 1

Monee, IL Local Guide

Cheapest Neighborhoods for Apartments in Monee, IL

Pricing Updated: 04/23/2026

Current apartment rentals in the Monee, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Monee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
University Park$1,800$55311

Cheapest Available Monee Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monee, IL is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Monee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Carriage Creek ApartmentsStudio GardenStudio,1BA$1,100
723 Grant Ave1BR/1.0BA1BR,1BA$1,100
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Thornwood Apartments2x1 8532BR,1BA$1,175
Edenbridge ApartmentsED1.5991BR,1BA$1,185
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Manchester Court Apartments2BR/1BA2BR,1BA$1,305
Maple Leaf ApartmentsMid-rise1BR,1BA$1,320
Bernice HomesTwo Bedroom home2BR,1BA$1,350

Best Value Apartments for Rent in Monee, IL and Nearby

As of April 23, 2026 the best value apartment in the Monee area is the $1.48 price per square foot 3 Bedroom 1 Bath Townhome Renovated Model at Oakwood Townhomes in the in the Lincoln Station neighborhood starting from $1,995. The second greatest value Monee apartment is the 1BR/1BATH Model at Heritage Manor starting at $1,450 with a $1.53 price per square foot in the Meadow Park neighborhood. Here is today’s list of the best values for Monee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oakwood Townhomes3 Bedroom 1 Bath Townhome Renovated3BR,1BA$1.48
Heritage Manor1BR/1BATH1BR,1BA$1.53
Maple Leaf ApartmentsMid-rise2BR,1.5BA$1.59
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Olympic Village ApartmentsThe Maple2BR,1BA$1.60
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
Dynasty House Apartments2 Bedroom UNIV2BR,1BA$1.63
Thornwood Apartments2x1 8532BR,1BA$1.38
Bernice HomesTwo Bedroom home2BR,1BA$1.69
723 Grant Ave1BR/1.0BA1BR,1BA$1.57

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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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.

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

Explore Monee, IL Rentals by Map

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See the most popular apartments and homes in Monee, IL

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Frequently Asked Questions about Cheap Monee Apartments

What is the price of a cheap apartment in Monee?

The cheapest apartment in Monee is 723 Grant Ave which is listed at $1,100, while the average apartment in Monee costs $1,800.

What types of apartments are the cheapest in Monee?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Monee that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Monee?

Cheap apartments in Monee have an average cost of $319 which is $1,481 cheaper than the average rent for all rentals in Monee.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.