Cheap Apartments for Rent in Mounds, IL from $400 (22 Rentals)

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

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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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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Lone Oak Villas
2 Bedroom Apartments

Lone Oak Villas

710 Lone Oak RdPaducah, KY 42003
  • Utilities Included
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Mounds, IL Local Guide

Cheapest Available Mounds Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mounds, IL is a Studio unit found at Saluki Apartments priced from $420. Campus Edge has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Mounds apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saluki ApartmentsStudioStudio,1BA$420
Campus EdgeStudioStudio,1BA$450
THE QUADS APARTMENTS0BR/1.0BAStudio,1BA$450
ASHBURN COURT APARTMENTS0BR/1.0BAStudio,1BA$450
Schilling Property Management1 Bed, 1 bath1BR,1BA$550

Best Value Apartments for Rent in Mounds, IL and Nearby

As of November 01, 2025 the best value apartment in the Mounds area is the $0.34 price per square foot 4Bd. 4Bt. (1442sqft) Model at Cape Trails in the starting from $490. The second greatest value Mounds apartment is the 3 Bedrooms Model at Grand Place Apartments starting at $1,185 with a $1.08 price per square foot . Here is today’s list of the best values for Mounds apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cape Trails4Bd. 4Bt. (1442sqft)4BR,4BA$0.34
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
Westcreek VillasRegent2BR,2BA$1.15
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
The Hill ApartmentsThe Hill 2 Bed 2 Bath2BR,2BA$1.14
The District at CapeMarquet1BR,1BA$1.08
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$1.05
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.79
Southside Square Apartments - NOW LEASINGOne Bedroom1BR,1BA$1.38
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$1.32

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Explore Mounds, IL Rentals by Map

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Getting Around Mounds, IL

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

21 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Mounds Apartments

What is the Cheapest Studio apartment in Mounds?

Currently the most affordable Cheap Studio Apartment in Mounds is at Saluki Apartments listed at $420.

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

The lowest price for a Cheap One Bedroom Mounds Apartment is $550 at Schilling Property Management.

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

Today's best deal for a Cheap Two Bedroom Apartment in Mounds is starting from $780 at The District at Cape.

What is the most affordable Mounds Three Bedroom Apartment?

The best deal on a cheap Mounds Three Bedroom Apartment rental is at THE QUADS APARTMENTS and starts from $900.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.