
Cheap Apartments for Rent in O'Fallon, IL from $825 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in O'Fallon.


1118 E 3rd St

Ansley Oaks Apartments

Lakewood Estates

304 Estate Dr

104 Lee Dr

435 Ponderosa Ave

Storyboard on Sugar Pine
Rent According to Income: A Look at Income-Restricted Rentals
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Carol Ann

106 S High St

903 Georgetowne Dr

901 Georgetowne Dr

Crown Pointe Townhomes - Shiloh

2619 Sierra Dr

Metro Apartments At Collinsville

Green Door Apartments
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.

1103 Arrowhead Dr

Storyboard on Rockwood

Storyboard on Park Terrace

Total Monthly Price
212 S Chestnut St

1107 Arrowhead Dr

Winchester Place Apartments

818-874 Lincoln Hwy

114 Ashley Dr
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.

121 Ashley Dr

110 Ashley Dr

62 Peachtree Ln

Yorkport Apartments

Linwood Apartments

63 Peachtree Ln

1104 Arrowhead Dr

6050 Old Collinsville Rd
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.

Linwood Apartments

97 Peachtree Ln

Tamarack Woods Apartments
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 | $1,752 | $1,752 | $1,752 |
| Cheap O'Fallon 1 Bedroom Apartments | $1,569 | $825 | $1,760 |
| Cheap O'Fallon 2 Bedroom Apartments | $1,706 | $825 | $2,440 |
| Cheap O'Fallon 3 Bedroom Apartments | $1,840 | $1,350 | $2,176 |
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: 09/12/2026Current apartment rentals in the O'Fallon, IL area range in price from $200 to $7,935 with an overall median price of $1,442. Here is today’s list neighborhoods with the lowest median pricing for O'Fallon Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Metro East | $1,431 | $200 | 3232 |
| OFallon | $1,750 | $825 | 119 |
Cheapest Available O'Fallon Apartments for Rent
 The cheapest available apartment rental in O'Fallon, IL is a 2 Beds unit found at Storyboard on Park Terrace in the Fairview Heights neighborhood priced from $1,085. Storyboard on Sugar Pine in the O'Fallon neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,095. Here is today’s list of the most affordable O'Fallon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Storyboard on Park Terrace | Park Terrace B1 | 2BR,1BA | $1,085 |
| Storyboard on Sugar Pine | Sugar Pine B1 | 2BR,1BA | $1,095 |
| Green Door Apartments | Save up to $500 off Move In Costs with your EXC... | 2BR,1BA | $1,150 |
| Winchester Place Apartments | 1 Bedroom / 1 Bath 735 sq ft | 1BR,1BA | $1,210 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1,295 |
| Storyboard on Rockwood | Rockwood B2 | 2BR,1BA | $1,335 |
| Storyboard on Park Entrance | Park Entrance B1 | 2BR,2BA | $1,379 |
| Brookside Manor- O'Fallon, IL | Savannah End-2 bedroom | 2BR,1BA | $1,425 |
| Green Mount Lakes | Cartier | 1BR,1BA | $1,431 |
Best Value Apartments for Rent in O'Fallon, IL
As of September 12, 2026 the best value apartment in the O'Fallon area is the $1.19 price per square foot Park Entrance B2 Model at Storyboard on Park Entrance in the in the O'Fallon neighborhood starting from $1,430. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Storyboard on Park Entrance | Park Entrance B2 | 2BR,2BA | $1.19 |
| Storyboard on Carol Ann | Carol Ann B2 | 2BR,2BA | $1.34 |
| Thirteen01 at Hartman Lakes | 2 bedroom | 2BR,2BA | $1.46 |
| Statewood Manor | Duplex | 2BR,1BA | $1.32 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1.18 |
| Storyboard on Shan | Shan B1 | 2BR,2BA | $1.35 |
| Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.34 |
| Brookside Manor- O'Fallon, IL | Bradley Middle- 2 bedroom | 2BR,1.5BA | $1.44 |
| Storyboard on Sugar Pine | Sugar Pine B1 | 2BR,1BA | $1.12 |
| Green Door Apartments | Save up to $500 off Move In Costs with your EXC... | 2BR,1BA | $1.28 |
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 ArticleNavigating 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.
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
What is the price of a cheap apartment in O'Fallon?
The cheapest apartment in O'Fallon is Winchester Place Apartments which is listed at $1,210, while the average apartment in O'Fallon costs $1,442.
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 898 regular apartments in O'Fallon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in O'Fallon?
Cheap apartments in O'Fallon have an average cost of $564 which is $878 cheaper than the average rent for all rentals in O'Fallon.
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

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.

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.