Cheap Apartments for Rent in Mounds, IL from $300 (24 Rentals)

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

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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-24, Page 1 of 1

Mounds, IL Local Guide

Cheapest Available Mounds Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mounds, IL is a 3 Beds unit found at The District at Cape priced from $361. Saluki Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $420. Here is today’s list of the most affordable Mounds apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The District at CapeRedHawk3BR,1BA$361
Saluki ApartmentsStudioStudio,1BA$420
Campus EdgeStudioStudio,1BA$450
The Quadrangle Apartments0BR/1.0BAStudio,1BA$450
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$565

Best Value Apartments for Rent in Mounds, IL and Nearby

As of May 31, 2025 the best value apartment in the Mounds area is the $0.97 price per square foot Country Club House Model at Mountain Valley Properties -Carbondale in the starting from $2,240. The second greatest value Mounds apartment is the Fairfield Model at Westcreek Villas starting at $1,640 with a $1.21 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.
Mountain Valley Properties -CarbondaleCountry Club House3BR,2.5BA$0.97
Westcreek VillasFairfield3BR,2BA$1.21
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
710 W Mill St2 Bed2BR,1BA$1.12
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$1.05
Alpha Property Management (Alpha Rentals)One Bedroom (1 bath or 1.5 bath)1BR,1BA$0.87
The District at CapeChestnut UPG1BR,1BA$1.32
Lone Oak VillasPremium Townhouse2BR,1BA$1.29
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$1.14
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$1.26

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 Mounds, IL Rentals by Map

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See the most popular apartments and homes in Mounds, IL

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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 $565 at Saint Germain Square.

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 $390 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 District at Cape and starts from $361.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.