Cheap Apartments for Rent in Mount Vernon, IL from $400 (36 Rentals)

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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

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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413 W Main St
1 to 4 Bedroom Apartments

413 W Main St

405 S Graham AveCarbondale, IL 62901
Corporate Housing

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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Showing Results 1-36, 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 Campus Edge priced from $440. Saluki Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $460. Here is today’s list of the most affordable Mount Vernon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Campus EdgeStudioStudio,1BA$440
Saluki ApartmentsStudioStudio,1BA$460
McKay Manor1 Bedroom1BR,1BA$475
ASHBURN COURT APARTMENTS1BR/1.0BA1BR,1BA$595
Schilling Property Management1 Bed, 1 bath1BR,1BA$600
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$625
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$735
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$790
Shawnee Village1 BR /1 BA1BR,1BA$853
Palomino Apartments2BR/1.5BA2BR,1BA$895

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

As of April 26, 2026 the best value apartment in the Mount Vernon area is the $0.80 price per square foot 5 Bed House Model at Wedgewood Hills in the starting from $2,000. The second greatest value Mount Vernon apartment is the Black Diamond C2 Model at Storyboard on Black Diamond starting at $2,300 with a $1.05 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.
Wedgewood Hills5 Bed House5BR,3BA$0.80
Storyboard on Black DiamondBlack Diamond C23BR,2.5BA$1.05
2600 Fairway Dr1X13BR,2.5BA$1.00
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
921 E Grand Ave2 Beds, 2.5 baths2BR,2.5BA$1.05
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$1.05
McKay Manor1 Bedroom1BR,1BA$0.64
Storyboard at SIU2 x 1 Premium - Fall 2026- 12 Months2BR,1BA$1.13
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.86

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Mount Vernon, IL

School data provided by Great Schools

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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 Campus Edge listed at $440.

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

The lowest price for a Cheap One Bedroom Mount Vernon Apartment is $475 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 $700 at Schilling Property Management.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.