Cheap Apartments for Rent in O'Fallon, IL from $500 (42 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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Lakewood Estates
1 to 2 Bedroom Apartments

Lakewood Estates

1114 E 3rd StO'Fallon, IL 62269

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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property at 106 Lee Dr

$950

2 Bedroom Rentals

Available Now

106 Lee Dr

O'FallonIL62269
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Carol Ann
2 to 3 Bedroom Apartments

Carol Ann

686-688 Carol Ann DrO'Fallon, IL 62269

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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Regency Manor
Studio to 2 Bedroom Apartments

Regency Manor

128 Regency ParkO'Fallon, IL 62269
Senior Living
  • Utilities Included
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823 N Cherry St
2 Bedroom Apartments

823 N Cherry St

823 N Cherry StO'Fallon, IL 62269

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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818-874 Lincoln Hwy
1 Bedroom Apartments

818-874 Lincoln Hwy

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

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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Yorkport Apartments
1 to 2 Bedroom Apartments

Yorkport Apartments

2421 Patrick DrShiloh, IL 62221
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Linwood Apartments
2 Bedroom Apartments

Linwood Apartments

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

6050 Old Collinsville Rd

6050 Old Collinsville RdFairview Heights, IL 62208
  • Utilities Included

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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Showing Results 1-42, Page 1 of 1

O'Fallon, IL Local Guide

Cheapest Neighborhoods for Apartments in O'Fallon, IL

Pricing Updated: 07/28/2026

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$1,993$1,025125
Metro East$5,614$2002909

Cheapest Available O'Fallon Apartments for Rent

 

The cheapest available apartment rental in O'Fallon, IL is a 2 Beds unit found at Linwood Apartments in the Belleville neighborhood priced from $1,000. Storyboard on Rockwood in the Belleville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,085. Here is today’s list of the most affordable O'Fallon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000
Storyboard on RockwoodRockwood A11BR,1BA$1,085
Storyboard on Sugar PineSugar Pine B12BR,1BA$1,095
Metro Apartments At Collinsville1BR/1BA Cherokee Upgraded w/Carport1BR,1BA$1,150
Winchester Place Apartments1 Bedroom / 1 Bath 735 sq ft1BR,1BA$1,168
Storyboard on Park TerracePark Terrace B12BR,1BA$1,210
Longacre Apartment Resort1 Bedroom 1 Bath1BR,1BA$1,275
1118 E 3rd St2 Beds, 1 bath2BR,1BA$1,295
823 N Cherry St2 Beds, 1.5 Baths2BR,1BA$1,375
Green Mount LakesCartier1BR,1BA$1,537

Best Value Apartments for Rent in O'Fallon, IL

As of July 28, 2026 the best value apartment in the O'Fallon area is the $1.61 price per square foot 2.2 Den, Copeland Model at Brandywine in the in the O'Fallon neighborhood starting from $2,147. The second greatest value O'Fallon apartment is the Carol Ann B2 Model at Storyboard on Carol Ann starting at $1,610 with a $1.34 price per square foot in the O'Fallon 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.
Brandywine2.2 Den, Copeland2BR,2BA$1.61
Storyboard on Carol AnnCarol Ann B22BR,2BA$1.34
Thirteen01 at Hartman Lakes2 bedroom2BR,2BA$1.46
823 N Cherry St2 Beds, 1.5 Baths2BR,1.5BA$1.23
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 RockwoodRockwood A11BR,1BA$1.21
Storyboard on Park TerracePark Terrace B12BR,1.5BA$1.42
Winchester Place Apartments1 Bedroom / 1 Bath 735 sq ft1BR,1BA$1.59

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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Best Local Schools in
O'Fallon, IL

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Remember the 3 Rules of Real Estate:
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Explore O'Fallon, IL Rentals by Map

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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 Storyboard on Rockwood which is listed at $1,085, while the average apartment in O'Fallon costs $3,803.

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 732 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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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.