Cheap Apartments for Rent near Oconee, IL from $421 (35 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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600 Marshall Ave
1 to 2 Bedroom Apartments

600 Marshall Ave

600 Marshall AveMattoon, IL 61938
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616 S 6th St
Studio to 2 Bedroom Apartments

616 S 6th St

616 S 6th StMattoon, IL 61938
property at 205 N North St
$700 - $800
1 To 3 Bedroom Rentals
Available Now

205 N North St

RaymondIL62560

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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Showing Results 1-35, Page 1 of 1

Oconee, IL Local Guide

Cheapest Available Oconee Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oconee, IL is a 1 Bed unit found at Country Place-Moweaqua I & ll priced from $497. Roosevelt School Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $502. Here is today’s list of the most affordable Oconee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Country Place-Moweaqua I & ll1 Bedroom1BR, 1BA$497
Roosevelt School ApartmentsStudioStudio, 1BA$502
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR, 1BA$507
Westport ApartmentsTwo Bedroom2BR, 2BA$554
Lotts Landing Senior Apartments1 Bedroom 1 Bathroom1BR, 1BA$560
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR, 1BA$600
Oakwood EstatesTwo Bedroom One Bath2BR, 1BA$785
The Raymond ApartmentsTwo bedroom2BR, 1BA$800
Stones Crossing Apartments2 BDRM Wellington2BR, 1BA$865
Ravenwood TownhomesTownhome2BR, 1BA$895

Best Value Apartments for Rent in Oconee, IL and Nearby

As of September 18, 2026 the best value apartment in the Oconee area is the $0.90 price per square foot Townhome Model at Ravenwood Townhomes starting from $895. The second greatest value Oconee apartment is the B1 Model at Candles starting at $986 with a $1.03 price per square foot. Here is today’s list of the best values for Oconee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ravenwood TownhomesTownhome2BR, 1.5BA$0.90
CandlesB12BR, 1.5BA$1.03
Westport ApartmentsTwo Bedroom2BR, 2BA$0.58
The Boulevard TownhomesTownhouse2BR, 1.5BA$1.04
Oakwood EstatesTwo Bedroom One Bath2BR, 1BA$0.87
Stones Crossing Apartments2 BDRM Wellington2BR, 1BA$1.01
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR, 1BA$0.60
The Raymond ApartmentsTwo bedroom2BR, 1BA$1.00
Country Place-Moweaqua I & ll1 Bedroom1BR, 1BA$0.76
Lotts Landing Senior Apartments1 Bedroom 1 Bathroom1BR, 1BA$0.87

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

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Frequently Asked Questions about Cheap Oconee Apartments

How much is rent for a Cheap One Bedroom Oconee Apartment?

The lowest price for a Cheap One Bedroom Oconee Apartment is $497 at Country Place-Moweaqua I & ll.

What is the lowest price for a Cheap Two Bedroom Oconee Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oconee is starting from $507 at RESERVE AT LAKEVIEW.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.