Cheap Apartments for Rent near Monee, IL from $500 (40 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 - $1,600

1 To 3 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468
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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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Lansing Crossing, LLC
1 to 2 Bedroom Apartments

Lansing Crossing, LLC

18745 W Salem CtLansing, IL 60438
  • Utilities Included

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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21746 Jeffrey
1 to 2 Bedroom Apartments

21746 Jeffrey

21746 S Jeffrey AveSauk Village, IL 60411
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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
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Apartments of Orland
1 to 2 Bedroom Apartments

Apartments of Orland

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

7081 Apartments

7081 170th StTinley Park, IL 60477
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16601 Jean Ln
1 Bedroom Apartments

16601 Jean Ln

16601 Jean LnTinley Park, IL 60477
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1014 Shagbark Rd
2 Bedroom Apartments

1014 Shagbark Rd

1014 Shagbark RdNew Lenox, IL 60451
  • Utilities Included

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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Showing Results 1-40, Page 1 of 1

Monee, IL Local Guide

Cheapest Neighborhoods for Apartments in Monee, IL

Pricing Updated: 07/23/2026

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$55325

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. Linden Park Apartments in the Downtown Park Forest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Monee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Linden Park ApartmentsStudio AStudio,1BA$1,050
Carriage Creek ApartmentsStudio Mid-RiseStudio,1BA$1,135
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Sherwood Lake Apartments8501BR,1BA$1,245
Dynasty House Apartments1 Bedroom UNIV1BR,1BA$1,305
Maple Leaf ApartmentsMid-rise1BR,1BA$1,320
Bernice HomesTwo Bedroom home2BR,1BA$1,350
Oakwood Townhomes1 Bedroom 1 Bath Townhouse1BR,1BA$1,365

Best Value Apartments for Rent in Monee, IL and Nearby

As of July 23, 2026 the best value apartment in the Monee area is the $1.55 price per square foot 3BR/3.5BA Model at Alice Mae Townhomes in the in the Orland Crossing neighborhood starting from $3,399. The second greatest value Monee apartment is the 3 Bedroom Model at 15122 Quail Hollow Dr starting at $1,900 with a $1.52 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.
Alice Mae Townhomes3BR/3.5BA3BR,3.5BA$1.55
15122 Quail Hollow Dr3 Bedroom3BR,2BA$1.52
Edenbridge ApartmentsED2.9612BR,1BA$1.73
Heritage Manor1BR/1BATH1BR,1BA$1.53
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
Sherwood Lake ApartmentsUPGRADED 1 BEDROOM1BR,1BA$1.62
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Bernice HomesTwo Bedroom home2BR,1BA$1.69

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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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 Cheapest Studio apartment in Monee?

Currently the most affordable Cheap Studio Apartment in Monee is at Crest Apartments listed at $800.

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

The lowest price for a Cheap One Bedroom Monee Apartment is $1,160 at Linden Park Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Monee is starting from $1,159 at ST JAMES SENIOR APARTMENTS.

What is the most affordable Monee Three Bedroom Apartment?

The best deal on a cheap Monee Three Bedroom Apartment rental is at Bernice Homes and starts from $1,600.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.