Cheap Apartments for Rent in Mount Vernon, IL from $400 (28 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

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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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 4 Bedroom Apartments

413 W Main St

405 S Graham AveCarbondale, IL 62901
Corporate Housing

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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Showing Results 1-28, Page 1 of 1

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 $435. 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$435
Campus EdgeStudioStudio,1BA$450
McKay Manor2 Bedroom2BR,1BA$548
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$595
Schilling Property Management1 Bed, 1 bath1BR,1BA$600
Heritage Landing 55+ ApartmentsOne Bedroom1BR,1BA$650
ASHBURN COURT APARTMENTS2BR/1.0BA2BR,1BA$700
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$790
University Edge Apartments2 Bedroom2BR,2BA$800
Aspen Court ApartmentsOne Bedroom1BR,1BA$810

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

As of January 10, 2026 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 3 Bedroom Model at McKay Manor starting at $730 with a $0.58 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
McKay Manor3 Bedroom3BR,2BA$0.58
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
The Hill ApartmentsThe Hill 2 Bed 2 Bath2BR,2BA$1.14
Century Estates2 Beds, 1 bath2BR,1BA$1.11
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$1.05
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.86
Aspen Court ApartmentsOne Bedroom1BR,1BA$1.16
University Edge Apartments1 Bedroom1BR,1BA$1.11

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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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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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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Best Local Schools in
Mount Vernon, IL

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Remember the 3 Rules of Real Estate:
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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 $435.

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

The lowest price for a Cheap One Bedroom Mount Vernon Apartment is $595 at Saint Germain Square.

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 $548 at McKay Manor.

What is the most affordable Mount Vernon Three Bedroom Apartment?

The best deal on a cheap Mount Vernon Three Bedroom Apartment rental is at McKay Manor and starts from $730.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!