Cheap Apartments for Rent near Nebo, IL from $300 (33 Rentals)

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

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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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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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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Showing Results 1-33, Page 1 of 1

Nebo, IL Local Guide

Cheapest Available Nebo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Nebo, IL is a 1 Bed unit found at Jacksonville Affordable Housing priced from $485. Beardstown Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $703. Here is today’s list of the most affordable Nebo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$485
Beardstown Apartments2 Bedroom2BR,1BA$703
Laborer's Home Development IV, For Age 62+1 BR1BR,1BA$830
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$850
Casalon Parkway Apartments2 Bedroom / Phase 42BR,1BA$1,034
Vista on the Park1011BR,1BA$1,095
Cedar Lakes ApartmentsC22BR,2BA$1,125
Ridgewood Village1A1BR,1BA$1,220
Northridge IMaple3BR,1BA$1,250
The Waterways of Lake Saint Louis ApartmentsBrookside1BR,1BA$1,350

Best Value Apartments for Rent in Nebo, IL and Nearby

As of July 09, 2026 the best value apartment in the Nebo area is the $1.11 price per square foot Heron 3rd floor Reserves Model at Quail Run Apartments and Townhomes in the in the Lincoln County neighborhood starting from $1,350. The second greatest value Nebo apartment is the Maple Model at Northridge I starting at $1,250 with a $1.12 price per square foot in the Warren County neighborhood. Here is today’s list of the best values for Nebo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Quail Run Apartments and TownhomesHeron 3rd floor Reserves3BR,2BA$1.11
Northridge IMaple3BR,1.5BA$1.12
Peine LakesThe Bryant2BR,2BA$1.43
Savannah Ridge Apartments2 Bedroom Garden2BR,2BA$1.45
Cedar Lakes ApartmentsB12BR,1BA$1.31
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$1.03
Vista on the Park1011BR,1BA$1.46
Beardstown Apartments2 Bedroom2BR,1BA$0.99
Jacksonville Affordable Housing1 Bedroom 60%1BR,1BA$0.88
Laborer's Home Development IV, For Age 62+1 BR1BR,1BA$1.43

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!

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Frequently Asked Questions about Cheap Nebo Apartments

How much is rent for a Cheap One Bedroom Nebo Apartment?

The lowest price for a Cheap One Bedroom Nebo Apartment is $485 at Jacksonville Affordable Housing.

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

Today's best deal for a Cheap Two Bedroom Apartment in Nebo is starting from $540 at Jacksonville Affordable Housing.

What is the most affordable Nebo Three Bedroom Apartment?

The best deal on a cheap Nebo Three Bedroom Apartment rental is at Northridge I and starts from $1,250.

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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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.