
Cheap Homes for Rent in Newark, IL from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Newark.


318 Liberty St

76 W Washington St
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.

3347 E 2059th Rd

4561 Garritano St

4575 Camden Ln
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.
Newark, IL Local Guide

How much does it cost to rent a home in Newark?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Newark 2 Bedroom Homes for Rent | $1,875 | $1,650 | $2,100 |
| Newark 3 Bedroom Homes for Rent | $2,872 | $2,250 | $4,000 |
| Newark 4 Bedroom Homes for Rent | $2,943 | $2,195 | $3,500 |
| Newark 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Newark
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Newark, IL Local Guide
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Cheapest Available Newark Apartments for Rent and Nearby
 The cheapest available apartment rental in Newark, IL is a 2 Beds unit found at Deville Manor in the Prescott Mill Crossings neighborhood priced from $678. Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,070. Here is today’s list of the most affordable Newark apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Deville Manor | 2 Bedroom A | 2BR,1BA | $678 |
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1,070 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
Best Value Apartments for Rent in Newark, IL and Nearby
As of June 18, 2026 the best value apartment in the Newark area is the $1.95 price per square foot 4BR Garden Model at Avanterra Wolfs Crossing in the in the Prescott Mill Crossings neighborhood starting from $3,370. The second greatest value Newark apartment is the Capewood Model at Redwood Oswego starting at $2,999 with a $1.85 price per square foot in the Blackberry Crossing West neighborhood. Here is today’s list of the best values for Newark apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Avanterra Wolfs Crossing | 4BR Garden | 4BR,2.5BA | $1.95 |
| Redwood Oswego | Capewood | 2BR,2BA | $1.85 |
| Bristol Bay of Yorkville | Accera | 2BR,2.5BA | $1.74 |
| Reserve at Fox River | 3BR | 3BR,2BA | $1.78 |
| Downer Place Lofts | 1 Bed/1 Bath | 1BR,1BA | $1.48 |
| Farmington Lakes Apartments | Dogwood | 1BR,1BA | $2.13 |
| The Reserve at Summerfield | The Adler | 1BR,1BA | $1.97 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| Deville Manor | 1 Bedroom | 1BR,1BA | $1.75 |
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1.78 |
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 ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Newark, IL
Newark Community High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Newark, IL Rentals by Map
See the most popular apartments and homes in Newark, IL
Frequently Asked Questions about Newark
What type of rentals are currently available in Newark?
There are currently 50 Apartments for Rent in Newark, IL with pricing that ranges from $656 to $4,761. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Newark ranging from $1,075 to $4,000.
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 $1,075 to $4,000 with an average monthly rent of $2,316.
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 $1,309 to $4,761, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $3,312.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.