
Cheap Apartments for Rent in O'Fallon, IL from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in O'Fallon.


103 E 7th St

Ansley Oaks Apartments

129 Sugar Pine Ln

304 Estate Dr

106 Lee Dr

225 Eagle Ridge

164 Eagle Ridge
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.

Storyboard on Sugar Pine

418 Donna Dr

Carol Ann

2619 Sierra Dr

309 Baltes Dr

Metro Apartments At Collinsville

Green Door Apartments

Linwood 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.

Storyboard on Rockwood

Storyboard on Park Terrace

Total Monthly Price
212 S Chestnut St, Unit Two

Winchester Place Apartments

2609 Sierra Dr

818-874 Lincoln Hwy

131 Ashley Dr

109 Ashley Dr
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.

128 Ashley Dr

Yorkport Apartments

Linwood Apartments

1104 Arrowhead Dr

6050 Old Collinsville Rd

8204 Church St

97 Peachtree Ln

Tamarack Woods Apartments
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.
O'Fallon, IL Local Guide

How much does it cost to rent an apartment in O'Fallon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap O'Fallon Studio Apartments | $2,159 | $2,159 | $2,159 |
| Cheap O'Fallon 1 Bedroom Apartments | $1,618 | $800 | $1,829 |
| Cheap O'Fallon 2 Bedroom Apartments | $1,901 | $1,025 | $2,795 |
| Cheap O'Fallon 3 Bedroom Apartments | $2,246 | $2,233 | $2,258 |
Browse Top Apartments in O'Fallon
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O'Fallon, IL Local Guide
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Cheapest Neighborhoods for Apartments in O'Fallon, IL
Pricing Updated: 06/13/2026Current apartment rentals in the O'Fallon, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for O'Fallon Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| OFallon | $3,450 | $675 | 28 |
| Metro East | $3,700 | $249 | 716 |
Cheapest Available O'Fallon Apartments for Rent
 The cheapest available apartment rental in O'Fallon, IL is a 1 Bed unit found at Lakewood Estates in the OFallon neighborhood priced from $750. Green Door Apartments in the OFallon neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable O'Fallon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $750 |
| Green Door Apartments | Save up to $500 off Move In Costs with your EXC... | 1BR,1BA | $1,000 |
| Metro Apartments At Collinsville | 1BD/1BA Upgraded | 1BR,1BA | $1,000 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $1,000 |
| Storyboard on Rockwood | Rockwood A1 | 1BR,1BA | $1,085 |
| Storyboard on Sugar Pine | Sugar Pine B1 | 2BR,1BA | $1,095 |
| Winchester Place Apartments | 2 Bedroom / 2 Bath 980 sq ft | 2BR,2BA | $1,177 |
| Storyboard on Park Terrace | Park Terrace A2 | 1BR,1BA | $1,180 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1,295 |
Best Value Apartments for Rent in O'Fallon, IL
As of June 13, 2026 the best value apartment in the O'Fallon area is the $1.33 price per square foot Shan B2 Model at Storyboard on Shan in the in the Metro East neighborhood starting from $1,504. The second greatest value O'Fallon apartment is the Renovated 2 Bedroom Model at Cantwell Crossing Apartments and Townhomes starting at $1,564 with a $1.39 price per square foot in the OFallon neighborhood. Here is today’s list of the best values for O'Fallon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Storyboard on Shan | Shan B2 | 2BR,2BA | $1.33 |
| Cantwell Crossing Apartments and Townhomes | Renovated 2 Bedroom | 2BR,2BA | $1.39 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1.18 |
| Storyboard on Sugar Pine | Sugar Pine B1 | 2BR,1BA | $1.12 |
| Storyboard on Park Terrace | Park Terrace A2 | 1BR,1BA | $1.22 |
| Storyboard on Rockwood | Rockwood A1 | 1BR,1BA | $1.21 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
| Green Door Apartments | Save up to $500 off Move In Costs with your EXC... | 1BR,1BA | $1.43 |
| Metro Apartments At Collinsville | 1BD/1BA Upgraded | 1BR,1BA | $1.43 |
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 O'Fallon, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore O'Fallon, IL Rentals by Map
See the most popular apartments and homes in O'Fallon, IL
Frequently Asked Questions about Cheap O'Fallon Apartments
How much is rent for a Cheap One Bedroom O'Fallon Apartment?
The lowest price for a Cheap One Bedroom O'Fallon Apartment is $750 at Lakewood Estates.
What is the lowest price for a Cheap Two Bedroom O'Fallon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in O'Fallon is starting from $1,000 at Linwood Apartments.
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.