Cheap Apartments for Rent in Monee, IL from $500 (13 Rentals)

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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.

property at 29837 IL-50

$1,095

1 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468

Monee, IL Local Guide

Cheapest Neighborhoods for Apartments in Monee, IL

Pricing Updated: 01/22/2026

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$1,730$55329

Cheapest Available Monee Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monee, IL is a 1 Bed unit found at ST JAMES SENIOR APARTMENTS in the University Park neighborhood priced from $553. The Shields has the second lowest priced unit, which is a 2 Beds apartment currently listed from $979. Here is today’s list of the most affordable Monee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
ST JAMES SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$553
The Shields2 Bedroom2BR,1BA$979
Linden Park ApartmentsStudio AStudio,1BA$1,000
Carriage Creek Apartments1 bedroom2BR,1BA$1,025
Edenbridge ApartmentsSenior Living 1x11BR,1BA$1,150

Best Value Apartments for Rent in Monee, IL and Nearby

As of January 22, 2026 the best value apartment in the Monee area is the $1.47 price per square foot 3BR/3.5BA Model at Alice Mae Townhomes in the in the Orland Crossing neighborhood starting from $3,240. The second greatest value Monee apartment is the 3 Bedroom 1 Bath Townhouse Model at Central Park starting at $1,939 with a $1.44 price per square foot in the Lincoln Station 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$1.47
Central Park3 Bedroom 1 Bath Townhouse3BR,1BA$1.44
Edgewater Walk Apartments2BR2BR,2BA$1.28
The Shields2 Bedroom2BR,1BA$1.00
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Manchester Court Apartments2BR/1BA2BR,1BA$1.45
Carriage Creek Apartments2 bedroom2BR,1BA$1.42
Dynasty House Apartments2 Bedroom UNIV2BR,1BA$1.63
Sherwood Lake ApartmentsUPGRADED 1 BEDROOM1BR,1BA$1.59
Maple Leaf ApartmentsGarden1BR,1BA$1.64

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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Frequently Asked Questions about Cheap Monee Apartments

What is a cheap apartment in Monee?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monee is under $1,305.

What is the price of a cheap apartment in Monee?

The cheapest apartment in Monee is ST JAMES SENIOR APARTMENTS which is listed at $553, while the average apartment in Monee costs $1,730.

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 7 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 $248 which is $1,482 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

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.