Cheap Apartments for Rent near New Salem, IL from $300 (42 Rentals)

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

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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Lexington Concord
Studio to 3 Bedroom Apartments

Lexington Concord

902 N Charles StMacomb, IL 61455
Student Housing
  • Utilities Included
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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • 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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601-605 W Orchard St
Studio to 3 Bedroom Apartments

601-605 W Orchard St

601-605 W Orchard StMacomb, IL 61455
Student Housing
  • 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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Showing Results 1-42, Page 1 of 1

New Salem, IL Local Guide

Cheapest Available New Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Salem, IL is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $267. Macomb Rentals has the second lowest priced unit, which is a Studio apartment currently listed from $390. Here is today’s list of the most affordable New Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$267
Macomb RentalsStudio, 1 bathStudio,1BA$390
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$485
Lotts Landing Senior Apartments1 Bedroom 1 Bathroom1BR,1BA$560
Smith and Royer Apartments1 Bedroom Side Apartment1BR,1BA$650
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Laborer's Home Development IV, For Age 62+1 BR1BR,1BA$830
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$850
Monroe City Senior Housing 62+1 Bed 1 Bath1BR,1BA$875
Creekside Park2 BR / 2 BA2BR,2BA$880

Best Value Apartments for Rent in New Salem, IL and Nearby

As of August 02, 2026 the best value apartment in the New Salem area is the $1.09 price per square foot 3 Bedroom Model at Ash Grove in the starting from $1,450. The second greatest value New Salem apartment is the Apt 101 S Model at Emerson Garden Apartments starting at $1,750 with a $1.35 price per square foot . Here is today’s list of the best values for New Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ash Grove3 Bedroom3BR,2BA$1.09
Emerson Garden ApartmentsApt 101 S3BR,2BA$1.35
Creekside Park3 BR / 2 BA3BR,2BA$0.85
Northridge IMaple3BR,1.5BA$1.12
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$0.28
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$1.03
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Lotts Landing Senior Apartments1 Bedroom 1 Bathroom1BR,1BA$0.87
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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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!

Explore New Salem, IL Rentals by Map

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See the most popular apartments and homes in New Salem, IL

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Frequently Asked Questions about Cheap New Salem Apartments

How much is rent for a Cheap One Bedroom New Salem Apartment?

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

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

Today's best deal for a Cheap Two Bedroom Apartment in New Salem is starting from $267 at Cedar Creek Crossing Apartments.

What is the most affordable New Salem Three Bedroom Apartment?

The best deal on a cheap New Salem Three Bedroom Apartment rental is at Cedar Creek Crossing Apartments and starts from $296.

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.

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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.