
Cheap Apartments for Rent in Oglesby, IL from $625 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Oglesby.


Colonial Village

MEADOWS OF LUKE RIDGE

Dixon River Apartments

Forest Park Apartments

Winkler Village Apartments

The Village on University

Phoenix Apartments of Pontiac

Willow Knolls Apartments
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.

Ashbury Court

Cedar Crossing Apartments

Willis Senior Lofts

103 W Railroad St

1415 W Chestnut St

Versailles Apartments

The Grove Apartments

Pontiac Towers

Cedar Creek 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.

The Mallard Way Rental Community

Ravine Woods Apartments

Dunlap Lakeside

Westridge Apartments

Tiffany Pointe

Fox Hill Senior Living

Rock Falls Apartments

Woods + Meadow Apartments

2317 2nd St
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.

137 N 4250th Rd

214 S Bloomington St

229 231 Clark St

1512 E Gardner Ln

The Hillsides

415-421 W Forrest Lawn Ave

501 E Cleveland St

Williams Street Townhomes

410 Peru 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.

826 N Spalding St

407 E Seminole St

101 E Bannon St

211 Fruit St

1016 10th St

1101 Cambridge Dr

St James Place

Prairie Vista Apartments

123 W Waupansie St
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.

103 Hollyhock Ln

430 N Crotty Ln

811 Covey Ln

301 N 1st St
Oglesby, IL Local Guide

How much does it cost to rent an apartment in Oglesby?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oglesby Studio Apartments | $793 | $700 | $850 |
| Oglesby 1 Bedroom Apartments | $1,203 | $675 | $2,275 |
| Oglesby 2 Bedroom Apartments | $1,880 | $670 | $2,974 |
| Oglesby 3 Bedroom Apartments | $2,380 | $910 | $4,068 |
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Oglesby, IL Local Guide
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Cheapest Available Oglesby Apartments for Rent and Nearby
 The cheapest available apartment rental in Oglesby, IL is a 1 Bed unit found at Colonial Village priced from $625. Fox Hill Senior Living in the Raintree Village Duplexes neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $682. Here is today’s list of the most affordable Oglesby apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR, 1BA | $625 |
| Fox Hill Senior Living | 1x1-H-SS | 1BR, 1BA | $682 |
| Winkler Village Apartments | 1BD 1BTH | 1BR, 1BA | $725 |
| MEADOWS OF LUKE RIDGE | 3 BED 1 BATH | 3BR, 1BA | $757 |
| Dixon River Apartments | 2BD/2BA | 2BR, 1BA | $775 |
| Willow Knolls Apartments | Studio / 1 Bath | Studio, 1BA | $799 |
| 1512 E Gardner Ln | 1BR/1.0BA | 1BR, 1BA | $875 |
| The Village on University | Collins at Village South | 1BR, 1BA | $895 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR, 1BA | $895 |
| The Grove Apartments | Standard 1 Bed / 1 Bath | 1BR, 1BA | $975 |
Best Value Apartments for Rent in Oglesby, IL and Nearby
As of September 26, 2026 the best value apartment in the Oglesby area is the $1.36 price per square foot Signature 3 Bed, 2 Bath | 1,160 Sq Ft Model at The Grove Apartments in the Northmoor Knolls neighborhood starting from $1,575. The second greatest value Oglesby apartment is the 3 BED 1 BATH Model at MEADOWS OF LUKE RIDGE starting at $757 with a $0.67 price per square foot. Here is today’s list of the best values for Oglesby apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Grove Apartments | Signature 3 Bed, 2 Bath | 1,160 Sq Ft | 3BR, 2BA | $1.36 |
| MEADOWS OF LUKE RIDGE | 3 BED 1 BATH | 3BR, 1BA | $0.67 |
| Jessie St. Residences | 2 Beds, 2 baths | 2BR, 2BA | $1.57 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR, 1BA | $1.22 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR, 1BA | $1.05 |
| Dixon River Apartments | 2BD/2BA | 2BR, 1BA | $0.92 |
| Fox Hill Senior Living | 1x1-H-SS | 1BR, 1BA | $0.94 |
| Winkler Village Apartments | 1BD 1BTH | 1BR, 1BA | $1.06 |
| The Village on University | Tucker Remodel at Village North | 1BR, 1BA | $1.50 |
| Colonial Village | 1 Bedroom | 1BR, 1BA | $1.14 |
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
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Oglesby, IL
Frequently Asked Questions about Cheap Oglesby Apartments
How much is rent for a Cheap One Bedroom Oglesby Apartment?
The lowest price for a Cheap One Bedroom Oglesby Apartment is $625 at Colonial Village.
What is the lowest price for a Cheap Two Bedroom Oglesby Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oglesby is starting from $775 at Dixon River Apartments.
What is the most affordable Oglesby Three Bedroom Apartment?
The best deal on a cheap Oglesby Three Bedroom Apartment rental is at MEADOWS OF LUKE RIDGE and starts from $757.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.