Cheap Apartments for Rent in Mount Vernon, IL from $400 (33 Rentals)

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

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Lincolnshire Manor
1 to 2 Bedroom Apartments

Lincolnshire Manor

4233 Lincolnshire DrMount Vernon, IL 62864
  • Utilities Included
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Tanglewood Apartments
1 to 2 Bedroom Apartments

Tanglewood Apartments

4200 Westwood DrMount Vernon, IL 62864
  • Utilities Included

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.

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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413 W Main St
1 to 3 Bedroom Apartments

413 W Main St

405 S Graham AveCarbondale, IL 62901

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.

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.

Mount Vernon, IL Local Guide

Cheapest Available Mount Vernon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mount Vernon, 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 Mount Vernon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saluki ApartmentsStudioStudio,1BA$420
Campus EdgeStudioStudio,1BA$450
Schilling Property Management1 Bed, 1 bath1BR,1BA$550
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$580
Come Enjoy Ashburn Court Apartments1BR/1.0BA1BR,1BA$595
Alpha Property Management (Alpha Rentals)One Bedroom (1 bath or 1.5 bath)1BR,1BA$600
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$700
Centralia EstatesUnit 432BR,1BA$723
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$790
University Edge Apartments2 Bedroom2BR,2BA$800

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

As of June 28, 2025 the best value apartment in the Mount Vernon area is the $1.00 price per square foot 3 bedroom Model at 2707 Fairway Dr in the starting from $1,400. The second greatest value Mount Vernon apartment is the Unit 48 Model at Centralia Estates starting at $1,099 with a $0.90 price per square foot . Here is today’s list of the best values for Mount Vernon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Centralia EstatesUnit 483BR,2BA$0.90
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
Cedar Creek RentalsCedar Creek 12BR,1BA$1.10
McKay Manor2 Bedroom2BR,1BA$1.16
The Hill ApartmentsThe Hill 2 Bed 2 Bath2BR,2BA$1.14
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$1.05
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.79
Alpha Property Management (Alpha Rentals)One Bedroom (1 bath or 1.5 bath)1BR,1BA$0.87
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$1.14

Quick Rent Budget Calculator

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

Explore Mount Vernon, IL Rentals by Map

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Getting Around Mount Vernon, IL

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Mount Vernon Apartments

What is the Cheapest Studio apartment in Mount Vernon?

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

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Mount Vernon is starting from $723 at Centralia Estates.

What is the most affordable Mount Vernon Three Bedroom Apartment?

The best deal on a cheap Mount Vernon Three Bedroom Apartment rental is at Alpha Property Management (Alpha Rentals) and starts from $995.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.