Cheap Apartments for Rent in Mount Vernon, IL from $400 (31 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

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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413 W Main St
1 to 4 Bedroom Apartments

413 W Main St

405 S Graham AveCarbondale, IL 62901
Corporate Housing

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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Showing Results 1-31, 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 1 Bed unit found at McKay Manor in the Clinton County neighborhood priced from $486. The Metropolitan has the second lowest priced unit, which is a Studio apartment currently listed from $495. Here is today’s list of the most affordable Mount Vernon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McKay Manor1 Bdrm1BR,1BA$486
The MetropolitanMetropolis EfficiencyStudio,1BA$495
Schilling Property Management1 Bed, 1 bath1BR,1BA$600
ASHBURN COURT APARTMENTS1BR/1.0BA1BR,1BA$650
Saluki Apartments1 Bed 1 Bath1BR,1BA$690
Shawnee Village1 BR /1 BA 62 and Older1BR,1BA$846
Century Estates Apartments2BR/1.0BA2BR,1BA$850
ChesapeakeB12BR,1BA$850
Palomino Apartments2BR/1.5BA2BR,1BA$925
The Hill ApartmentsThe Hill 2 Bed 2 Bath2BR,2BA$945

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

As of July 30, 2026 the best value apartment in the Mount Vernon area is the $0.89 price per square foot 1X1 Model at 2600 Fairway Dr in the starting from $1,600. The second greatest value Mount Vernon 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 Mount Vernon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2600 Fairway Dr1X13BR,2.5BA$0.89
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
Cedar Creek RentalsCedar Creek 12BR,1BA$1.25
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
ChesapeakeB12BR,1BA$1.01
The Hill ApartmentsThe Hill 2 Bed 2 Bath2BR,2BA$1.17
Storyboard on Black DiamondBlack Diamond A11BR,1BA$1.28
Century Estates Apartments2BR/1.0BA2BR,1BA$1.11
McKay Manor1 Bdrm1BR,1BA$0.66
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.86

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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Mount Vernon, IL

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Frequently Asked Questions about Cheap Mount Vernon Apartments

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

The lowest price for a Cheap One Bedroom Mount Vernon Apartment is $486 at McKay Manor.

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 $552 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 $587.

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.