Cheap Homes for Rent in Nelson, IL from $500 (10 Rentals)

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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.

property at 1016 N Maple St

$775

1 Bedroom, 1 Bath Home for Rent

Available Now

1016 N Maple St

PrincetonIL61356

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.

Nelson, IL Local Guide

Cheapest Available Nelson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Nelson, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Northland Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Nelson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Northland Park ApartmentsStudioStudio,1BA$625
PARK RUN APARTMENTS1 Bed 1 Bath1BR,1BA$645

Best Value Apartments for Rent in Nelson, IL and Nearby

As of June 21, 2026 the best value apartment in the Nelson area is the $1.21 price per square foot 1 Bedroom 1 Bath Model at The Landing of Clinton in the starting from $1,213. The second greatest value Nelson apartment is the 2-Bedroom Model at Cottage Bluff Apartments starting at $1,050 with a $1.10 price per square foot . Here is today’s list of the best values for Nelson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Landing of Clinton1 Bedroom 1 Bath1BR,1BA$1.21
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.10
PARK RUN APARTMENTS2 Bed 1 Bath2BR,1BA$0.99
Riverside Apartments and TownhomesTwo Bed, One Bath Townhome2BR,1BA$1.03
Dixon River Apartments2BD/2BA2BR,1BA$0.92
**CREEKVIEW PROPERTIES**Upper floor with dishwasher2BR,1BA$1.31
4566 Governors Dr1BR/1.0BA1BR,1BA$1.36
Roberts Court1 Bed, 1 bath1BR,1BA$1.26
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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 Nelson

What type of rentals are currently available in Nelson?

There are currently 70 Apartments for Rent in Nelson, IL with pricing that ranges from $480 to $2,445. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nelson ranging from $528 to $1,850.

What is the current price range for Rental Homes in Nelson?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Nelson ranges from $528 to $1,850 with an average monthly rent of $1,300.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.