Cheap Homes for Rent in Newark, IL from $600 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Newark.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Newark, IL Local Guide

Cheapest Available Newark Apartments for Rent and Nearby

 

The cheapest available apartment rental in Newark, IL is a 1 Bed unit found at 103 W Railroad St priced from $800. Tudor Park Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. Here is today’s list of the most affordable Newark apartments for rent:

Apartment ListingModel NameBed/BathPriced From
103 W Railroad St1 bedroom apt1BR,1BA$800
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Leland Tower ApartmentsNew York1BR,1BA$1,275

Best Value Apartments for Rent in Newark, IL and Nearby

As of May 29, 2025 the best value apartment in the Newark area is the $1.73 price per square foot Campania End Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,985. The second greatest value Newark apartment is the 3BR Vista Model at Avanterra Wolfs Crossing starting at $3,168 with a $2.05 price per square foot in the Prescott Mill Crossings neighborhood. Here is today’s list of the best values for Newark apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bristol Bay of YorkvilleCampania End3BR,2.5BA$1.73
Avanterra Wolfs Crossing3BR Vista3BR,2.5BA$2.05
Redwood AuroraWillowood2BR,2BA$1.85
Farmington Lakes ApartmentsWillow II2BR,2BA$1.77
Downer Place Lofts2bed/1bath2BR,1BA$1.67
Orchard VillageMaple2BR,2BA$2.29
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Lakeview ResidencesB12BR,1BA$2.22
Montgomery Place ApartmentsJuniper1BR,1BA$2.26
103 W Railroad St1 bedroom apt1BR,1BA$1.78

Quick Rent Budget Calculator

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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Frequently Asked Questions about Newark

What type of rentals are currently available in Newark?

There are currently 43 Apartments for Rent in Newark, IL with pricing that ranges from $643 to $4,601. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Newark ranging from $650 to $3,049.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Newark ranges from $650 to $3,049 with an average monthly rent of $1,795.

How much are larger Three and Four Bedroom Rentals in Newark?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Newark range from $753 to $4,601, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,049. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,177.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.