
Cheap Homes for Rent in O'Fallon, IL from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in O'Fallon.


1816 N 16th St

164 Eagle Ridge

4410 W Washington St
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.

4408 W Washington St

8204 Church St

264 Eagle Ridge

102 Kingsway Dr
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.
O'Fallon, IL Local Guide

How much does it cost to rent a home in O'Fallon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| O'Fallon 2 Bedroom Homes for Rent | $1,400 | $925 | $1,950 |
| O'Fallon 3 Bedroom Homes for Rent | $1,718 | $1,325 | $2,600 |
| O'Fallon 4 Bedroom Homes for Rent | $3,226 | $2,800 | $3,900 |
| O'Fallon 6 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
| O'Fallon 7 Bedroom Homes for Rent | $3,329 | $3,329 | $3,329 |
Browse Top Homes for Rent 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: 05/22/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| OFallon | $2,246 | $800 | 108 |
| Metro East | $9,256 | $414 | 3044 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $750 |
| Green Door Apartments | 1BR/1B | 1BR,1BA | $1,000 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in O'Fallon, IL
As of May 22, 2026 the best value apartment in the O'Fallon area is the $1.24 price per square foot Carol Ann C1 Model at Storyboard on Carol Ann in the in the OFallon neighborhood starting from $2,235. The second greatest value O'Fallon apartment is the Shan B2 Model at Storyboard on Shan starting at $1,504 with a $1.33 price per square foot in the Metro East 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 Carol Ann | Carol Ann C1 | 3BR,2.5BA | $1.24 |
| Storyboard on Shan | Shan B2 | 2BR,2BA | $1.33 |
| Cantwell Crossing Apartments and Townhomes | Renovated 2 Bedroom | 2BR,2BA | $1.42 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1.18 |
| Longacre Apartment Resort | 2 Bedroom 2 Bath | 2BR,2BA | $1.41 |
| Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.34 |
| Storyboard on Sugar Pine | Sugar Pine B1 | 2BR,1BA | $1.12 |
| Metro Apartments At Collinsville | 2BR/1B Upgraded | 2BR,1BA | $1.22 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
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 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 O'Fallon
What type of rentals are currently available in O'Fallon?
There are currently 105 Apartments for Rent in O'Fallon, IL with pricing that ranges from $750 to $2,795. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in O'Fallon ranging from $695 to $3,900.
What is the current price range for Rental Homes in O'Fallon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in O'Fallon ranges from $695 to $3,900 with an average monthly rent of $2,260.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.