Cheap Apartments for Rent near New Salem, IL from $347 (24 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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Lexington Concord
Studio to 3 Bedroom Apartments

Lexington Concord

902 N Charles StMacomb, IL 61455
Student Housing
  • Utilities Included

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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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • Utilities Included
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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

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.

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 Studio unit found at Macomb Rentals priced from $390. Jacksonville Affordable Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $485. Here is today’s list of the most affordable New Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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

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

As of September 17, 2026 the best value apartment in the New Salem area is the $1.35 price per square foot Apt 101 S Model at Emerson Garden Apartments starting from $1,750. The second greatest value New Salem apartment is the 2 Bed 2 Bath Model at Villages at Lake Silvercote in the Wentzville neighborhood starting at $1,750 with a $1.40 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.
Emerson Garden ApartmentsApt 101 S3BR, 2BA$1.35
Villages at Lake Silvercote2 Bed 2 Bath2BR, 2BA$1.40
Creekside Park3 BR / 2 BA3BR, 2BA$0.85
Northridge IMaple3BR, 1.5BA$1.12
Boone Street Commons2nd Floor 2x2 RIC2BR, 2BA$1.25
Vista on the ParkDove2BR, 1BA$1.37
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

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $450 at Macomb Rentals.

What is the most affordable New Salem Three Bedroom Apartment?

The best deal on a cheap New Salem Three Bedroom Apartment rental is at Creekside Park and starts from $1,029.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.