Cheap Apartments for Rent in O'Fallon, IL from $825 (35 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
property at 104 Lee Dr
$900
2 Bedroom Rentals
Available Now

104 Lee Dr

O'FallonIL62269

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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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818-874 Lincoln Hwy
1 Bedroom Apartments

818-874 Lincoln Hwy

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

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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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
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6050 Old Collinsville Rd
2 Bedroom Apartments

6050 Old Collinsville Rd

6050 Old Collinsville RdFairview Heights, IL 62208
  • Utilities Included

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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.

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Linwood Apartments
2 Bedroom Apartments

Linwood Apartments

113 Linwood DrBelleville, IL 62221
  • Utilities Included

O'Fallon, IL Local Guide

Cheapest Neighborhoods for Apartments in O'Fallon, IL

Pricing Updated: 09/12/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Metro East$1,431$2003232
OFallon$1,750$825119

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 ListingModel NameBed/BathPriced From
Storyboard on Park TerracePark Terrace B12BR,1BA$1,085
Storyboard on Sugar PineSugar Pine B12BR,1BA$1,095
Green Door ApartmentsSave up to $500 off Move In Costs with your EXC...2BR,1BA$1,150
Winchester Place Apartments1 Bedroom / 1 Bath 735 sq ft1BR,1BA$1,210
1118 E 3rd St2 Beds, 1 bath2BR,1BA$1,295
Storyboard on RockwoodRockwood B22BR,1BA$1,335
Storyboard on Park EntrancePark Entrance B12BR,2BA$1,379
Brookside Manor- O'Fallon, ILSavannah End-2 bedroom2BR,1BA$1,425
Green Mount LakesCartier1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on Park EntrancePark Entrance B22BR,2BA$1.19
Storyboard on Carol AnnCarol Ann B22BR,2BA$1.34
Thirteen01 at Hartman Lakes2 bedroom2BR,2BA$1.46
Statewood ManorDuplex2BR,1BA$1.32
1118 E 3rd St2 Beds, 1 bath2BR,1BA$1.18
Storyboard on ShanShan B12BR,2BA$1.35
Storyboard on RockwoodRockwood B22BR,1.5BA$1.34
Brookside Manor- O'Fallon, ILBradley Middle- 2 bedroom2BR,1.5BA$1.44
Storyboard on Sugar PineSugar Pine B12BR,1BA$1.12
Green Door ApartmentsSave 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.

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Navigating 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 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

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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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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.

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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.

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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.