Cheap Apartments for Rent in O'Fallon, IL from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in O'Fallon.

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Ansley Oaks Apartments
Studio to 2 Bedroom Apartments

Ansley Oaks Apartments

545 Donna DrO'Fallon, IL 62269
  • Utilities Included
property at 106 Lee Dr

$1,025

2 Bedroom Rentals

Available Now

106 Lee Dr

O'FallonIL62269

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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Carol Ann
2 to 3 Bedroom Apartments

Carol Ann

686-688 Carol Ann DrO'Fallon, IL 62269

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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818-874 Lincoln Hwy
1 Bedroom Apartments

818-874 Lincoln Hwy

818-874 Lincoln HwyFairview Heights, IL 62208
  • Utilities Included

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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Yorkport Apartments
1 to 2 Bedroom Apartments

Yorkport Apartments

2421 Patrick DrShiloh, IL 62221
  • Utilities Included
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Linwood Apartments
2 Bedroom Apartments

Linwood Apartments

113-115 Linwood DrBelleville, IL 62221
  • Utilities Included
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6050 Old Collinsville Rd
2 Bedroom Apartments

6050 Old Collinsville Rd

6050 Old Collinsville RdFairview Heights, IL 62208
  • Utilities Included

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

Cheapest Neighborhoods for Apartments in O'Fallon, IL

Pricing Updated: 06/13/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
OFallon$3,450$67528
Metro East$3,700$249716

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 ListingModel NameBed/BathPriced From
Lakewood Estates1 Bedroom1BR,1BA$750
Green Door ApartmentsSave up to $500 off Move In Costs with your EXC...1BR,1BA$1,000
Metro Apartments At Collinsville1BD/1BA Upgraded1BR,1BA$1,000
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000
Storyboard on RockwoodRockwood A11BR,1BA$1,085
Storyboard on Sugar PineSugar Pine B12BR,1BA$1,095
Winchester Place Apartments2 Bedroom / 2 Bath 980 sq ft2BR,2BA$1,177
Storyboard on Park TerracePark Terrace A21BR,1BA$1,180
1118 E 3rd St2 Beds, 1 bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on ShanShan B22BR,2BA$1.33
Cantwell Crossing Apartments and TownhomesRenovated 2 Bedroom2BR,2BA$1.39
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
1118 E 3rd St2 Beds, 1 bath2BR,1BA$1.18
Storyboard on Sugar PineSugar Pine B12BR,1BA$1.12
Storyboard on Park TerracePark Terrace A21BR,1BA$1.22
Storyboard on RockwoodRockwood A11BR,1BA$1.21
Lakewood Estates1 Bedroom1BR,1BA$0.94
Green Door ApartmentsSave up to $500 off Move In Costs with your EXC...1BR,1BA$1.43
Metro Apartments At Collinsville1BD/1BA Upgraded1BR,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.

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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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Location, Location, Location!

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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

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

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.

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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.

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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.