Cheap Apartments for Rent near Morrisonville, IL from $400 (45 Rentals)

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

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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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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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • 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 1-45, Page 1 of 1

Morrisonville, IL Local Guide

Cheapest Available Morrisonville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Morrisonville, IL is a 1 Bed unit found at Country Place-Moweaqua I & ll priced from $497. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 2 Beds apartment currently listed from $507. Here is today’s list of the most affordable Morrisonville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$497
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$507
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$600
The Hickox CollectionThe HickoxStudio,1BA$665
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
The Raymond ApartmentsTwo bedroom2BR,1BA$800
Kingsbury Campus Apartments2 Beds, 1 Bath Model2BR,1BA$800
Pine Ridge ApartmentsOne Bedroom1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$895
Capitol Plaza ApartmentsOne Bedroom, One Bath1BR,1BA$896

Best Value Apartments for Rent in Morrisonville, IL and Nearby

As of July 24, 2026 the best value apartment in the Morrisonville area is the $0.88 price per square foot 3BR/1.5BA Model at Decatur Flats Apartments in the starting from $1,100. The second greatest value Morrisonville apartment is the Townhome Model at Ravenwood Townhomes starting at $895 with a $0.90 price per square foot . Here is today’s list of the best values for Morrisonville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Decatur Flats Apartments3BR/1.5BA3BR,1.5BA$0.88
Ravenwood TownhomesTownhome2BR,1.5BA$0.90
CandlesB12BR,1.5BA$1.01
The Boulevard TownhomesTownhouse2BR,1.5BA$1.04
3TEN Apartments2 Bed 1 Bath2BR,1BA$1.05
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
Kingsbury Campus Apartments2 Beds, 1 Bath Model2BR,1BA$1.05
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$0.76

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 Morrisonville, IL Rentals by Map

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See the most popular apartments and homes in Morrisonville, IL

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Frequently Asked Questions about Cheap Morrisonville Apartments

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

The lowest price for a Cheap One Bedroom Morrisonville Apartment is $497 at Country Place-Moweaqua I & ll.

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

Today's best deal for a Cheap Two Bedroom Apartment in Morrisonville is starting from $507 at RESERVE AT LAKEVIEW.

What is the most affordable Morrisonville Three Bedroom Apartment?

The best deal on a cheap Morrisonville Three Bedroom Apartment rental is at Decatur Flats Apartments and starts from $1,100.

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.

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

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.