201-220 Charleston Blvd
MacombIL61455
Cheap Homes for Rent in New Salem, IL from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in New Salem.
215 W 3rd St
Moscow MillsMO63362
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.
2119 Saratoga Dr
SpringfieldIL62704
211 W County Rd
JerseyvilleIL62052
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.
928 Sumner St
CarlinvilleIL62626
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New Salem, IL Local Guide
Roland Klose by Roland Klose is licensed under CC BY 2.0
How much does it cost to rent a home in New Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Salem 2 Bedroom Homes for Rent | $1,292 | $925 | $1,650 |
| New Salem 3 Bedroom Homes for Rent | $1,772 | $1,000 | $2,800 |
| New Salem 4 Bedroom Homes for Rent | $2,137 | $1,700 | $2,700 |
Browse Top Homes for Rent in New Salem
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New Salem, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $485 |
| Smith and Royer Apartments | 1 Bedroom Side Apartment | 1BR,1BA | $550 |
Best Value Apartments for Rent in New Salem, IL and Nearby
As of May 30, 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 2 bedrooms Model at Villages at Lake Silvercote starting at $1,400 with a $1.12 price per square foot in the Carlton Glen Estates neighborhood. Here is today’s list of the best values for New Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ash Grove | 3 Bedroom | 3BR,2BA | $1.09 |
| Villages at Lake Silvercote | 2 bedrooms | 2BR,2BA | $1.12 |
| Creekside Park | 3 BR / 2 BA | 3BR,2BA | $0.85 |
| Peine Lakes | The Carlyle | 3BR,2BA | $1.27 |
| Northridge I | Maple | 3BR,1.5BA | $1.12 |
| Boone Street Commons | 2nd Floor 2x2 RIC | 2BR,2BA | $1.25 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $1.03 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.87 |
| Jacksonville Affordable Housing | 1 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.
Read Article
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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See the most popular apartments and homes in New Salem, IL
Frequently Asked Questions about New Salem
What type of rentals are currently available in New Salem?
There are currently 37 Apartments for Rent in New Salem, IL with pricing that ranges from $267 to $5,600. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Salem ranging from $600 to $2,800.
What is the current price range for Rental Homes in New Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Salem ranges from $600 to $2,800 with an average monthly rent of $1,550.
How much are larger Three and Four Bedroom Rentals in New Salem?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New Salem range from $900 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $600.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.
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.
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.