Cheap Apartments for Rent in O'Fallon, IL from $500 (27 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
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Carol Ann
2 to 3 Bedroom Apartments

Carol Ann

686-688 Carol Ann DrO'Fallon, IL 62269

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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.

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

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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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

O'Fallon, IL Local Guide

Cheapest Neighborhoods for Apartments in O'Fallon, IL

Pricing Updated: 04/29/2026

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$2,119$80094
Metro East$4,643$4373237

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. Linwood Apartments in the OFallon neighborhood has the second lowest priced unit, which is a 2 Beds 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
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000
Storyboard on RockwoodRockwood A11BR,1BA$1,085
Storyboard on Sugar PineSugar Pine B12BR,1BA$1,095
Longacre Apartment Resort1 Bedroom 1 Bath1BR,1BA$1,275
Cantwell Crossing Apartments and Townhomes2 Bedroom Garden2BR,2BA$1,474
Winchester Place Apartments2 Bedroom / 2 Bath Loft 1165 sq ft2BR,2BA$1,527
The Oasis at Hartman Lakes1 Bed Standard1BR,1BA$1,599
Artisan1 Bedroom1BR,1BA$1,740

Best Value Apartments for Rent in O'Fallon, IL

As of April 29, 2026 the best value apartment in the O'Fallon area is the $1.71 price per square foot Single Floorplan Model at The Villas at Hartman Lakes in the in the OFallon neighborhood starting from $3,165. The second greatest value O'Fallon apartment is the Carol Ann C1 Model at Storyboard on Carol Ann starting at $2,235 with a $1.24 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.
The Villas at Hartman LakesSingle Floorplan2BR,2BA$1.71
Storyboard on Carol AnnCarol Ann C13BR,2.5BA$1.24
Storyboard on Park EntrancePark Entrance B12BR,2BA$1.15
Thirteen01 at Hartman Lakes2 bedroom2BR,2BA$1.53
Cantwell Crossing Apartments and TownhomesRenovated 2 Bedroom2BR,2BA$1.42
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
Storyboard on RockwoodRockwood B22BR,1.5BA$1.34
Storyboard on Sugar PineSugar Pine B12BR,1BA$1.12
Lakewood Estates1 Bedroom1BR,1BA$0.94
212 S Chestnut St, Unit 4212 S Chestnut St1BR,1BA$1.45

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Frequently Asked Questions about Cheap O'Fallon Apartments

What is the price of a cheap apartment in O'Fallon?

The cheapest apartment in O'Fallon is Lakewood Estates which is listed at $750, while the average apartment in O'Fallon costs $3,381.

What types of apartments are the cheapest in O'Fallon?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 897 regular apartments in O'Fallon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.