
Cheap Apartments for Rent in Oakland, IL from $300 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Oakland.


The Millennium Apartments

Coles Crossing Apartments
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.

Melrose and Brooklyn Heights Apartments

OldeTowne Apartments

Park Place

Urbana Estates
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.

710 Mill St
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.
Oakland, IL Local Guide

How much does it cost to rent an apartment in Oakland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakland 1 Bedroom Apartments | $980 | $413 | $1,970 |
| Oakland 2 Bedroom Apartments | $1,151 | $518 | $2,600 |
| Oakland 3 Bedroom Apartments | $1,245 | $675 | $2,050 |
| Oakland 4 Bedroom Apartments | $1,529 | $1,529 | $1,529 |
Browse Top Apartments in Oakland
See all Apartments in OaklandExplore Oakland
Oakland, IL Local Guide
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Cheapest Available Oakland Apartments for Rent and Nearby
 The cheapest available apartment rental in Oakland, IL is a 1 Bed unit found at Rider Place priced from $500. The Millennium Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $505. Here is today’s list of the most affordable Oakland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rider Place | 1 Bedroom | 1BR,1BA | $500 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| Melrose and Brooklyn Heights Apartments | 2 Bed 1 Bath | 2BR,1BA | $585 |
| OldeTowne Apartments | 1 Bed/1 Bath | 1BR,1BA | $629 |
| 1905 12th St | 1BDR | 1BR,1BA | $650 |
Best Value Apartments for Rent in Oakland, IL and Nearby
As of December 26, 2025 the best value apartment in the Oakland area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Oakland apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Oakland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Southwest Apartments | 2517 Leeper Dr | 2BR,1.5BA | $1.00 |
| Sterling on First | 3x3 Zinc | 3BR,3BA | $1.35 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
| Parkside | 2 Bedroom 1 Bath 850 Premium Upgrade | 2BR,1BA | $1.42 |
| Stone Ridge Square | 1 Bedroom 1 Bath 730 SF | 1BR,1BA | $1.47 |
| 600 Marshall Ave | 1/1 | 1BR,1BA | $1.17 |
| Aspen Court | The Beech | 1BR,1BA | $1.70 |
| Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Oakland, IL Rentals by Map
See the most popular apartments and homes in Oakland, IL
Frequently Asked Questions about Cheap Oakland Apartments
How much is rent for a Cheap One Bedroom Oakland Apartment?
The lowest price for a Cheap One Bedroom Oakland Apartment is $500 at Rider Place.
What is the lowest price for a Cheap Two Bedroom Oakland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oakland is starting from $585 at Melrose and Brooklyn Heights Apartments.
What is the most affordable Oakland Three Bedroom Apartment?
The best deal on a cheap Oakland Three Bedroom Apartment rental is at The Millennium Apartments and starts from $505.
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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






