Cheap Homes for Rent in Oakland, IL from $400 (10 Rentals)

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

property at 321 A St

321 A St

CharlestonIL61920
property at 1305 18th St

1305 18th St

CharlestonIL61920

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 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 ListingModel NameBed/BathPriced From
Rider Place1 Bedroom1BR,1BA$500
The Millennium Apartments3 Bedroom3BR,1BA$505
Melrose and Brooklyn Heights Apartments2 Bed 1 Bath2BR,1BA$585

Best Value Apartments for Rent in Oakland, IL and Nearby

As of September 12, 2025 the best value apartment in the Oakland area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Oakland apartment is the 2517 Leeper Dr Model at Southwest Apartments starting at $1,200 with a $1.00 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.
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Southwest Apartments2517 Leeper Dr2BR,1.5BA$1.00
Charleston Pointe Apartments2 Bedroom 2 Bathroom2BR,2BA$1.26
Stone Ridge Square2 Bedroom 1 Bath - 935 SF2BR,1BA$1.26
Panther Heights2 Bed 2 Bath2BR,2BA$1.20
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
Aspen CourtThe Sugar Maple2BR,1.5BA$1.10
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$1.09
Arthur Ave Apartments1x11BR,1BA$0.97
Rider Place1 Bedroom1BR,1BA$0.92

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Frequently Asked Questions about Oakland

What type of rentals are currently available in Oakland?

There are currently 40 Apartments for Rent in Oakland, IL with pricing that ranges from $413 to $2,569. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakland ranging from $495 to $3,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakland ranges from $495 to $3,500 with an average monthly rent of $1,416.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakland range from $675 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $939 to $2,890. Four Bedroom Single-Family rentals are also available starting from $1,072 and Four Bedroom Apartments start at $1,529.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.