Cheap Apartments for Rent near Oakland, IL from $400 (48 Rentals)

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

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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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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Rider Place
1 to 3 Bedroom Apartments

Rider Place

9 Wills PlArcola, IL 61910
  • Utilities Included
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600 Marshall Ave
1 to 2 Bedroom Apartments

600 Marshall Ave

600 Marshall AveMattoon, IL 61938

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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1905 12th St
1 to 3 Bedroom Apartments

1905 12th St

1905 12th StCharleston, IL 61920
Student Housing
  • Utilities Included
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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801
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Aspen Court
1 to 3 Bedroom Apartments

Aspen Court

1557 S Hunter StUrbana, IL 61802
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State & Cedar
1 to 2 Bedroom Apartments

State & Cedar

1407 S State StChampaign, IL 61820
Student Housing
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-48, Page 1 of 1

Oakland, IL Local Guide

Cheapest Available Oakland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oakland, IL is a 1 Bed unit found at Westport Apartments priced from $484. Arthur Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $610. Here is today’s list of the most affordable Oakland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westport ApartmentsOne Bedroom1BR,1BA$484
Arthur Ave Apartments1x11BR,1BA$610
616 S 6th St0/1Studio,1BA$699
OldeTowne Apartments2 Bed/1.5 Bath2BR,1BA$719
2008 S Vawter St4 Beds4BR,2BA$800
Urbana Estates1x1Urbana Estates1BR,1BA$800
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
Campus Suites1 Bed 1 Bath1BR,1BA$830
Prairie Green Apartment Homes2 x 12BR,1BA$850
Southwest Apartments1902 Karen Ct2BR,1BA$950

Best Value Apartments for Rent in Oakland, IL and Nearby

As of July 12, 2026 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 4x2 Cobalt Model at Sterling on First starting at $1,529 with a $1.20 price per square foot . Here is today’s list of the best values for Oakland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Panther Heights3 Bed 2.5 Bath3BR,2.5BA$0.99
Sterling on First4x2 Cobalt4BR,2BA$1.20
Parkstone Villas2Bed/2Bth2BR,2BA$1.08
Campus Pointe Apartments3 Bedroom 3 Bathroom3BR,3BA$1.26
2008 S Vawter St3 Beds3BR,1BA$1.05
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.38
Prairie Green Apartment Homes2 x 12BR,1BA$1.02
Westport ApartmentsOne Bedroom1BR,1BA$0.71
Urbana Estates1x1Urbana Estates1BR,1BA$1.22
Arthur Ave Apartments1x11BR,1BA$0.97

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Oakland, IL Rentals by Map

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See the most popular apartments and homes in Oakland, IL

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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 $484 at Westport Apartments.

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 $579 at Westport Apartments.

What is the most affordable Oakland Three Bedroom Apartment?

The best deal on a cheap Oakland Three Bedroom Apartment rental is at Westport Apartments and starts from $665.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.