Cheap Apartments for Rent in New Salem, IL from $300 (38 Rentals)

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

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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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • Utilities Included

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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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

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 1-38, 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 3 Beds unit found at Cedar Creek Crossing Apartments priced from $340. 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 Apartments3 Bed 2 Bath3BR,2BA$340
Macomb RentalsStudio, 1 bathStudio,1BA$390
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$485
Smith and Royer Apartments1 Bedroom Side Apartment1BR,1BA$550
Lotts Landing Senior Apartments1 Bedroom 1 Bathroom1BR,1BA$560
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 May 04, 2026 the best value apartment in the New Salem area is the $0.85 price per square foot 3 BR / 2 BA Model at Creekside Park in the starting from $1,029. The second greatest value New Salem apartment is the 3 Bed 2 Bath Model at Cedar Creek Crossing Apartments starting at $340 with a $0.30 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.
Creekside Park3 BR / 2 BA3BR,2BA$0.85
Cedar Creek Crossing Apartments3 Bed 2 Bath3BR,2BA$0.30
Northridge IOak3BR,1.5BA$1.16
Koke Mill ApartmentsTwo Bedroom Two Bath2BR,2BA$1.21
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$1.03
Peine LakesThe Adler1BR,1BA$1.35
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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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 $300 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 $340.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.