Cheap Apartments for Rent near Mount Auburn, IL from $400 (64 Rentals)

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

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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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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Mount Auburn, IL Local Guide

Cheapest Available Mount Auburn Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mount Auburn, IL is a 1 Bed unit found at Country Place-Moweaqua I & ll priced from $497. Roosevelt School Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $502. Here is today’s list of the most affordable Mount Auburn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$497
Roosevelt School ApartmentsStudioStudio,1BA$502
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$507
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$600
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$600
The Quarry ApartmentsBasaltStudio,1BA$625
The Hickox CollectionThe Abe LincolnStudio,1BA$718
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$785
Pine Ridge ApartmentsOne Bedroom1BR,1BA$875

Best Value Apartments for Rent in Mount Auburn, IL and Nearby

As of July 29, 2026 the best value apartment in the Mount Auburn 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 Mount Auburn 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 Mount Auburn 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$1.00
Koke Mill ApartmentsTwo Bedroom2BR,1BA$1.11
The Boulevard TownhomesTownhouse2BR,1.5BA$1.04
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$0.87
3TEN Apartments2 Bed 1 Bath2BR,1BA$1.05
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
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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Quick Rent Budget Calculator

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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 Mount Auburn, IL Rentals by Map

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Frequently Asked Questions about Cheap Mount Auburn Apartments

What is the Cheapest Studio apartment in Mount Auburn?

Currently the most affordable Cheap Studio Apartment in Mount Auburn is at Roosevelt School Apartments listed at $502.

How much is rent for a Cheap One Bedroom Mount Auburn Apartment?

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

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

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

What is the most affordable Mount Auburn Three Bedroom Apartment?

The best deal on a cheap Mount Auburn 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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.